Fund for Innovative T V

Analysis

Fund for Innovative T V is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in September 1990, 36 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, Fund for Innovative T V reported income of $188k and spending of $386k, spending 205% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $215k to $188k (-12%), an average of -3.3% a year. The sharpest change came in the year to December 2021, when income rose by 198%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Fund for Innovative T V sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 53rd percentile within IL. Charities of a similar size with the same main cause include Nca Dance Studio ($188k), Arts Council of Southeast Missouri ($188k) and Friends of The@georgia Holocaust Commission Inc ($188k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 68% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $53k (14% of expenses). Other salaries and wages came to $170k. At year end it held assets of $173k against liabilities of $72k, net assets of $102k. It reported 12 employees.