Cape Ann Regional Cable Television Access Corp

Analysis

Cape Ann Regional Cable Television Access Corp is a registered charity in United States, based in Gloucester, MA. It received its IRS tax-exemption ruling in August 2007, 19 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, Cape Ann Regional Cable Television Access Corp reported income of $1.0m and spending of $948k, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $809k to $1.0m (+30%), an average of +6.7% a year. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cape Ann Regional Cable Television Access Corp sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Greenville Center for Creative Arts ($1.0m), American Modern Opera Company ($1.0m) and Chabad Jewish Community of Central London Inc ($1.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 7.4% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $109k (11% of expenses). Other salaries and wages came to $341k. At year end it held assets of $1.2m against liabilities of $447k, net assets of $750k. It reported 6 employees.