Ipswich Community Access Media Inc

Analysis

Ipswich Community Access Media Inc is a registered charity in United States, based in Ipswich, MA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ipswich Community Access Media Inc reported income of $298k and spending of $298k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $318k to $298k (-6.3%), an average of -1.6% a year. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Ipswich Community Access Media Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Morris Minute Men Inc ($298k), Luverne Hockey Club ($298k) and Friends of the Wekiva River Incorporated ($298k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $94k (31% of expenses). Other salaries and wages came to $67k. At year end it held assets of $396k against liabilities of $7,620, net assets of $388k. It reported 12 employees.