Duluth-Superior Area Educational Television Corporation

Analysis

Duluth-Superior Area Educational Television Corporation is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in December 1964, 62 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 September 2023, Duluth-Superior Area Educational Television Corporation reported income of $4.6m and spending of $5.2m, spending 113% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $3.6m to $4.6m (+26%), an average of +6.0% a year. The sharpest change came in the year to September 2021, when income rose by 22%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Duluth-Superior Area Educational Television Corporation sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MN. Charities of a similar size with the same main cause include Institute for Marine Mammal Studies Inc ($4.6m), Georgia Mountain Fair Inc ($4.6m) and Great Lakes Theater Festival Inc ($4.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $171k (3.3% of expenses). Other salaries and wages came to $1.9m. At year end it held assets of $3.2m against liabilities of $575k, net assets of $2.7m. It reported 59 employees.