Town Square Television

Analysis

Town Square Television is a registered charity in United States, based in Inver Grove, MN. It received its IRS tax-exemption ruling in March 1989, 37 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, Town Square Television reported income of $771k and spending of $728k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $767k to $771k (+0.5%), an average of +0.1% a year. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Town Square Television sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within MN. Charities of a similar size with the same main cause include Artsmart ($771k), Cheyenne Symphony Orchestra ($771k) and Zootown Arts Community Center ($771k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.5% and program service revenue 92% of the total. Other salaries and wages came to $373k. At year end it held assets of $1.8m against liabilities of $52k, net assets of $1.7m. It reported 7 employees.