Independent Television Service Inc

Analysis

Independent Television Service Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in July 1994, 32 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 September 2023, Independent Television Service Inc reported income of $21.3m and spending of $22.4m, spending 105% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $24.6m to $21.3m (-14%), an average of -3.6% a year. The sharpest change came in the year to September 2023, when income dropped by 21%. Over the whole period it spent 92% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Independent Television Service Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within CA. Charities of a similar size with the same main cause include Phillips Collection ($21.3m), Cleveland Museum of Natural History ($21.4m) and Childrens Museum Inc ($21.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $892k (4.0% of expenses). Other salaries and wages came to $6.4m. At year end it held assets of $37.7m against liabilities of $13.4m, net assets of $24.3m. It reported 77 employees.