Lakeville Community Access Media Inc

Analysis

Lakeville Community Access Media Inc is a registered charity in United States, based in Lakeville, MA. It received its IRS tax-exemption ruling in March 2013, 13 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Lakeville Community Access Media Inc reported income of $288k and spending of $303k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $287k to $288k (+0.1%), an average of +0.0% a year. Over the whole period it spent 107% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lakeville Community Access Media Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 63rd percentile within MA. Charities of a similar size with the same main cause include Southeastern Minnesota Youth Orchestra Inc ($288k), Flying V Ltd ($288k) and Historical Society of Montgomery County ($288k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.5% of the total. Compensation of current officers, directors and key employees was $88k (29% of expenses). Other salaries and wages came to $88k. At year end it held assets of $469k against liabilities of $2,643, net assets of $466k. It reported 7 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.