Greensboro Community Television Inc

Analysis

Greensboro Community Television Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in November 1996, 30 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Greensboro Community Television Inc reported income of $197k and spending of $288k, spending 146% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $199k to $197k (-1.1%), an average of -0.3% a year. The sharpest change came in the year to June 2020, when income rose by 18%. Over the whole period it spent 131% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Greensboro Community Television Inc sits at the 51st percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Willow Springs Community Foundation ($197k), Kensington Home Charitable Foundation ($197k) and Galveston Chamber Partnership Inc ($197k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 3.0% of the total. Compensation of current officers, directors and key employees was $72k (25% of expenses). Other salaries and wages came to $131k. At year end it held assets of $616k against liabilities of $13k, net assets of $604k. It reported 5 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.