Troy Community FM

Analysis

Troy Community FM is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in September 2020, 6 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, Troy Community FM reported income of $279k and spending of $272k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $238k to $279k (+17%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Troy Community FM sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within OH. Charities of a similar size with the same main cause include Arts Council Napa Valley ($279k), Asociacion de Documentalistas de Puerto Rico Inc ($279k) and Third Coast International Audio Festival ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 13% and program service revenue 85% of the total. Other salaries and wages came to $144k. At year end it held assets of $93k against liabilities of $79k, net assets of $13k. It reported 6 employees.