Community Television Network

Analysis

Community Television Network is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in May 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 September 2023, Community Television Network reported income of $264k and spending of $268k, spending 101% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $268k to $264k (-1.3%), an average of -0.3% a year. The sharpest change came in the year to September 2020, when income rose by 28%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Television Network sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within IL. Charities of a similar size with the same main cause include Foundation for Female Health Awareness Inc ($264k), Otic Theater Collective ($264k) and Gilmer Arts and Heritage Assoc ($264k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $41k (15% of expenses). Other salaries and wages came to $136k. At year end it held assets of $253k against liabilities of $103k, net assets of $150k. It reported 20 employees.