Oceanside Community Service Television Corporation

Analysis

Oceanside Community Service Television Corporation is a registered charity in United States, based in Oceanside, CA. It received its IRS tax-exemption ruling in September 1984, 42 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 2023, Oceanside Community Service Television Corporation reported income of $677k and spending of $728k, spending 107% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $546k to $677k (+24%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 30%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Oceanside Community Service Television Corporation sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include The Eagle Hill Institute ($677k), Christian Broadcasting Ministries ($677k) and Art & Drama Centre Theatre ($676k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 66% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $90k (12% of expenses). Other salaries and wages came to $309k. At year end it held assets of $499k against liabilities of $331k, net assets of $168k. It reported 26 employees.