Oakland County Cable Communications Corporation

Analysis

Oakland County Cable Communications Corporation is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in December 1984, 42 years ago. 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, Oakland County Cable Communications Corporation reported income of $353k and spending of $508k, spending 144% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income fell from $515k to $353k (-31%), an average of -7.3% a year. The sharpest change came in the year to December 2023, when income dropped by 22%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oakland County Cable Communications Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within MI. Charities of a similar size with the same main cause include Parkinsons Association ($353k), Claremont Rescue Squad Inc ($353k) and Family Support Network of North Dakota Inc ($353k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 7.4% and program service revenue 128% of the total. Compensation of current officers, directors and key employees was $85k (17% of expenses). Other salaries and wages came to $106k. At year end it held assets of $1.5m against liabilities of $25k, net assets of $1.5m. It reported 5 employees.