Microbetv

Analysis

Microbetv is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 2021, 5 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, Microbetv reported income of $874k and spending of $363k, leaving 58% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $601k to $874k (+45%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 45%. Over the whole period it spent 32% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Microbetv sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Arts & Literature Laboratory Inc ($874k), Indianapolis Jazz Foundation Inc ($875k) and Community Television of Knoxville ($874k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $68k (19% of expenses). It paid $25k in professional fundraising fees. At year end it held assets of $1.2m against liabilities of $93k, net assets of $1.1m. It reported 1 employees.