Shrewsbury Media Connection Inc

Analysis

Shrewsbury Media Connection Inc is a registered charity in United States, based in Shrewsbury, MA. It received its IRS tax-exemption ruling in May 2020, 6 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, Shrewsbury Media Connection Inc reported income of $467k and spending of $452k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $449k to $467k (+3.8%), an average of +1.3% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Shrewsbury Media Connection Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within MA. Charities of a similar size with the same main cause include Philadelphia Dance Theatre Inc ($467k), Avant Chamber Ballet ($467k) and Real News Project Inc ($467k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.8% of the total. Other salaries and wages came to $238k. At year end it held assets of $1.4m against liabilities of $243k, net assets of $1.2m. It reported 8 employees.