Valley Shore Community Television Inc

Analysis

Valley Shore Community Television Inc is a registered charity in United States, based in Westbrook, CT. It received its IRS tax-exemption ruling in June 2014, 12 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, Valley Shore Community Television Inc reported income of $303k and spending of $165k, leaving 45% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $316k to $303k (-4.2%), an average of -1.4% a year. The sharpest change came in the year to December 2021, when income dropped by 46%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Valley Shore Community Television Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within CT. Charities of a similar size with the same main cause include East Hawaii Cultural Council ($303k), Orange County Childrens Theatre ($303k) and Atlantic Public Media Inc ($303k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $105k. At year end it held assets of $614k against liabilities of $35k, net assets of $579k.