Grand Rapids Cable Access Center

Analysis

Grand Rapids Cable Access Center is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in September 1982, 44 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, Grand Rapids Cable Access Center reported income of $1.9m and spending of $2.4m, spending 126% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $1.9m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2022, when income rose by 32%. 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, Grand Rapids Cable Access Center sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within MI. Charities of a similar size with the same main cause include Music Theater Works ($1.9m), Guadalupe Cultural Arts Center ($1.9m) and Union County Arts Center Inc ($1.9m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 18% and program service revenue 61% of the total. Compensation of current officers, directors and key employees was $94k (3.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.9m against liabilities of $203k, net assets of $2.7m. It reported 38 employees.