Greater Newburyport Community Media Hub Inc

Analysis

Greater Newburyport Community Media Hub Inc is a registered charity in United States, based in Newburyport, MA. It received its IRS tax-exemption ruling in June 2007, 19 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 December 2023, Greater Newburyport Community Media Hub Inc reported income of $338k and spending of $346k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $328k to $338k (+2.9%), an average of +0.7% a year. Over the whole period it spent 110% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Greater Newburyport Community Media Hub Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within MA. Charities of a similar size with the same main cause include Butler County Symphony Association ($338k), Visions Museum of Textile Art ($338k) and 100th Bomb Group Foundation Inc ($338k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 101% of the total. Compensation of current officers, directors and key employees was $105k (30% of expenses). Other salaries and wages came to $93k. At year end it held assets of $313k against liabilities of $32k, net assets of $281k. It reported 17 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.