Golden Valley Community Broadcasters

Analysis

Golden Valley Community Broadcasters is a registered charity in United States, based in Chico, CA. It received its IRS tax-exemption ruling in November 1993, 33 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 June 2024, Golden Valley Community Broadcasters reported income of $494k and spending of $508k, spending 103% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $373k to $494k (+32%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 40%. Over the whole period it spent 79% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Golden Valley Community Broadcasters sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within CA. Charities of a similar size with the same main cause include Lake Orion Band Boosters ($494k), Open Research Lab Inc ($494k) and Telluride Institute Inc ($494k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 70% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $69k (14% of expenses). Other salaries and wages came to $118k. At year end it held assets of $943k against liabilities of $69k, net assets of $874k. It reported 6 employees.