South Texas Public Broadcasting System

Analysis

South Texas Public Broadcasting System is a registered charity in United States, based in Corp Christi, TX. It received its IRS tax-exemption ruling in April 1969, 57 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 2024, South Texas Public Broadcasting System reported income of $2.4m and spending of $2.7m, spending 114% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income grew from $2.1m to $2.4m (+12%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income dropped by 27%. Over the whole period it spent 106% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, South Texas Public Broadcasting System sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 90th percentile within TX. Charities of a similar size with the same main cause include Tower Theatre Foundation Inc ($2.4m), Friends of the Strand Inc ($2.4m) and Aspen Santa Fe Ballet ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $180k (6.7% of expenses). Other salaries and wages came to $691k. At year end it held assets of $7.5m against liabilities of $2.5m, net assets of $5.0m. It reported 37 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.