Otv Open Television Inc

Analysis

Otv Open Television Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2019, 7 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, Otv Open Television Inc reported income of $1.0m and spending of $825k, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $422k to $1.0m (+138%), an average of +24% a year. The sharpest change came in the year to December 2021, when income rose by 290%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Otv Open Television Inc 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 79th percentile, and in the 79th percentile within IL. Charities of a similar size with the same main cause include The Powerhouse ($1.0m), Richmond Art Center ($1.0m) and Intermuseum Conservation Association ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 1.7% of the total. Compensation of current officers, directors and key employees was $105k (13% of expenses). Other salaries and wages came to $223k. At year end it held assets of $1.3m against liabilities of $15k, net assets of $1.3m. It reported 3 employees.