Lynn Community Television Inc

Analysis

Lynn Community Television Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in February 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, Lynn Community Television Inc reported income of $649k and spending of $660k, spending 102% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $595k to $649k (+9.2%), an average of +3.0% a year. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Lynn Community Television Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 74th percentile within MA. Charities of a similar size with the same main cause include Pasadena Heritage ($649k), Pan Asian Repertory Theatre Inc ($649k) and Austin Playhouse ($649k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.1% and program service revenue 95% of the total. Other salaries and wages came to $345k. At year end it held assets of $1.2m against liabilities of $254k, net assets of $907k. It reported 9 employees.