Community Wireless of Park City Inc

Analysis

Community Wireless of Park City Inc is a registered charity in United States, based in Park City, UT. It received its IRS tax-exemption ruling in December 1978, 48 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 August 2023, Community Wireless of Park City Inc reported income of $2.1m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.5m to $2.1m (+41%), an average of +9.0% a year. The sharpest change came in the year to August 2020, when income rose by 81%. Over the whole period it spent 80% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Community Wireless of Park City Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 85th percentile within UT. Charities of a similar size with the same main cause include Zeitgeist Center for Arts and Community ($2.1m), Alden Charitable Foundation Inc ($2.1m) and Monterey Museum of Art ($2.1m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 69% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $196k (9.3% of expenses). Other salaries and wages came to $1.0m. At year end it held assets of $4.8m against liabilities of $348k, net assets of $4.4m. It reported 41 employees.