Saugus Community Television Inc

Analysis

Saugus Community Television Inc is a registered charity in United States, based in Saugus, MA. It received its IRS tax-exemption ruling in January 2008, 18 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, Saugus Community Television Inc reported income of $386k and spending of $534k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $386k (-69%), an average of -25% a year. The sharpest change came in the year to December 2021, when income dropped by 49%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Saugus Community Television Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 67th percentile within MA. Charities of a similar size with the same main cause include Albany Symphony Association Inc ($386k), Pulse Productions ($387k) and Lake Theatre Productions ($386k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $254k (48% of expenses). At year end it held assets of $990k against liabilities of $14k, net assets of $977k. 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.