East Wake Television

Analysis

East Wake Television is a registered charity in United States, based in Knightdale, NC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, East Wake Television reported income of $381k and spending of $437k, spending 115% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $398k to $381k (-4.5%), an average of -1.1% a year. Over the whole period it spent 108% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, East Wake Television sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NC. Charities of a similar size with the same main cause include Invertigo Dance Theatre ($381k), Ozark Actors Theatre ($381k) and International Psychoanalytical Association Fund Delaware ($380k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $197k. At year end it held assets of $848k against liabilities of $33k, net assets of $815k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.