Erisat-Eritrean Satellite Television

Analysis

Erisat-Eritrean Satellite Television is a registered charity in United States, based in Los Angeles, CA. It received its IRS tax-exemption ruling in June 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, Erisat-Eritrean Satellite Television reported income of $166k and spending of $87k, leaving 47% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $316k to $166k (-48%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 46%. Over the whole period it spent 65% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Erisat-Eritrean Satellite Television sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 52nd percentile within CA. Charities of a similar size with the same main cause include Orange County Fine Arts Inc ($166k), Four Seasons Theatre Company ($166k) and Fiesta DC Inc ($166k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. At year end it held assets of $334k against liabilities of $0, net assets of $334k.