National Cable Satellite Corporation

Analysis

National Cable Satellite Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1983, 43 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, National Cable Satellite Corporation reported income of $49.4m and spending of $44.2m, spending 89% of its income. Across the 5 years on record, from March 2019 to March 2023, income fell from $69.0m to $49.4m (-28%), an average of -8.0% a year. The sharpest change came in the year to March 2022, when income dropped by 15%. Over the whole period it spent 96% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, National Cable Satellite Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 97th percentile within DC. Charities of a similar size with the same main cause include Chautauqua Institution ($49.3m), Southern Research Institute ($49.8m) and National Inventors Hall of Fame Inc ($49.3m).

On its Form 990 for the period ending March 2023, revenue came from program service revenue 92% of the total. Compensation of current officers, directors and key employees was $2.0m (4.5% of expenses). Other salaries and wages came to $20.7m. At year end it held assets of $251.3m against liabilities of $43.4m, net assets of $208.0m. It reported 208 employees.