Whitewater Community Television Inc

Analysis

Whitewater Community Television Inc is a registered charity in United States, based in Richmond, IN. It received its IRS tax-exemption ruling in November 1988, 38 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, Whitewater Community Television Inc reported income of $327k and spending of $407k, spending 124% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $323k to $327k (+1.2%), an average of +0.2% a year. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Whitewater Community Television 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 63rd percentile, and in the 63rd percentile within IN. Charities of a similar size with the same main cause include Fox River Trolley Association Inc ($327k), Columbus Music and Art Academy ($327k) and Technology Management Institute Inc ($327k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 94% and program service revenue 7.8% of the total. Compensation of current officers, directors and key employees was $65k (16% of expenses). Other salaries and wages came to $161k. At year end it held assets of $213k against liabilities of $39k, net assets of $174k. It reported 8 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.