Twin Cities Public Television Inc

Analysis

Twin Cities Public Television Inc is a registered charity in United States, based in Saint Paul, MN. It received its IRS tax-exemption ruling in December 1958, 68 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 August 2023, Twin Cities Public Television Inc reported income of $57.8m and spending of $50.8m, spending 88% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $44.7m to $57.8m (+29%), an average of +6.6% a year. The sharpest change came in the year to August 2021, when income rose by 33%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Twin Cities Public Television Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MN. Charities of a similar size with the same main cause include Country Music Foundation Inc ($57.1m), Pro Publica Inc ($58.0m) and Oregon Public Broadcasting ($56.8m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 91% and program service revenue 8.2% of the total. Compensation of current officers, directors and key employees was $2.6m (5.0% of expenses). Other salaries and wages came to $15.6m. It paid $484k in professional fundraising fees. At year end it held assets of $91.4m against liabilities of $7.3m, net assets of $84.1m. It reported 293 employees.