Faribault Community T V and Multimedia Center

Analysis

Faribault Community T V and Multimedia Center is a registered charity in United States, based in Faribault, MN. It received its IRS tax-exemption ruling in November 1999, 27 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 December 2023, Faribault Community T V and Multimedia Center reported income of $62k and spending of $59k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $69k to $62k (-10%), an average of -2.6% a year. Over the whole period it spent 104% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Faribault Community T V and Multimedia Center sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Mid America Transportation & Aviation Museum ($62k), Mov2go Foundation ($62k) and Maryland Fire-Rescue Services ($62k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $46k (78% of expenses). At year end it held assets of $31k against liabilities of $0, net assets of $31k. It reported 1 employees.