Media Network of Waterford Covert Center

Analysis

Media Network of Waterford Covert Center is a registered charity in United States, based in Waterford, MI. It received its IRS tax-exemption ruling in September 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Media Network of Waterford Covert Center reported income of $222k and spending of $249k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $427k to $222k (-48%), an average of -15% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 84% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Media Network of Waterford Covert Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MI. Charities of a similar size with the same main cause include New Braunfels High School Band Boosters Association Inc ($222k), Parents of Universal Performers Inc ($222k) and John Jay Boosters Club Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $173k (69% of expenses). At year end it held assets of $44k against liabilities of $0, net assets of $44k. It reported 4 employees.