Itasca Community Television Inc

Analysis

Itasca Community Television Inc is a registered charity in United States, based in Grand Rapids, MN. It received its IRS tax-exemption ruling in February 1985, 41 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, Itasca Community Television Inc reported income of $490k and spending of $401k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $359k to $490k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Itasca Community Television Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 69th percentile within MN. Charities of a similar size with the same main cause include Camarillo Wings Association ($490k), Blue Springs South High School Jaguar Pride Band Parents ($491k) and Visual Arts Exchange ($490k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 61% and program service revenue 39% of the total. Compensation of current officers, directors and key employees was $79k (20% of expenses). Other salaries and wages came to $169k. At year end it held assets of $873k against liabilities of $126k, net assets of $746k. It reported 6 employees.