Wyoming-Kentwood Television WKTV

Analysis

Wyoming-Kentwood Television WKTV is a registered charity in United States, based in Wyoming, MI. It received its IRS tax-exemption ruling in July 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 June 2024, Wyoming-Kentwood Television WKTV reported income of $657k and spending of $681k, spending 104% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $839k to $657k (-22%), an average of -5.9% a year. 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, Wyoming-Kentwood Television WKTV sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MI. Charities of a similar size with the same main cause include Pittsburgh Opera Theater Inc ($657k), Tampa Educational Cable Consortium Inc ($657k) and Vero Beach Opera Inc ($657k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% and program service revenue 0.2% of the total. Other salaries and wages came to $301k. At year end it held assets of $1.3m against liabilities of $146k, net assets of $1.1m. It reported 15 employees.