Satellite Collective Inc

Analysis

Satellite Collective Inc is a registered charity in United States, based in Fremont, MI. It received its IRS tax-exemption ruling in November 2019, 7 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, Satellite Collective Inc reported income of $166k and spending of $162k, spending 98% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $399k to $166k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. 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, Satellite Collective Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Theater Project ($166k), Liberty Place Inc ($166k) and Four Seasons Theatre Company ($166k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.9% of the total. At year end it held assets of $17k against liabilities of $0, net assets of $17k.