Community Television Inc

Analysis

Community Television Inc is a registered charity in United States, based in Norcross, GA. It received its IRS tax-exemption ruling in April 1997, 29 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, Community Television Inc reported income of $1.8m and spending of $2.2m, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.0m to $1.8m (-7.4%), an average of -1.9% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 114% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Television Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within GA. Charities of a similar size with the same main cause include The Gathering ($1.8m), Atlanta Shakespeare Company ($1.8m) and Chemung County Performing Arts Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $131k (6.0% of expenses). Other salaries and wages came to $995k. At year end it held assets of $3.1m against liabilities of $0, net assets of $3.1m. It reported 34 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.