Somerset Community Television

Analysis

Somerset Community Television is a registered charity in United States, based in Madison, ME. It received its IRS tax-exemption ruling in December 2016, 10 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 June 2023, Somerset Community Television reported income of $115k and spending of $50k, leaving 56% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $42k to $115k (+173%), an average of +173% a year. The sharpest change came in the year to June 2023, when income rose by 173%. Over the whole period it spent 67% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Somerset Community Television sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 34th percentile within ME. Charities of a similar size with the same main cause include Males Place Inc ($115k), Southern Sociological Society ($115k) and Little Theatre of Jamestown Inc ($115k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. At year end it held assets of $208k against liabilities of $0, net assets of $208k.