Belmont Community Media Center Inc

Belmont Community Media Center Inc. consistently spends more than it earns, leading to a decline in assets over the last decade.

EIN: 113752662 · Belmont, MA · NTEE: A32 · Updated: 2026-03-28

$522KRevenue

$839KAssets

75/100Mission Score (Good)

A32

About Belmont Community Media Center Inc

Belmont Community Media Center Inc (EIN: 113752662) is a nonprofit organization based in Belmont, MA, classified under NTEE code A32. The organization reported total revenue of $522K and total assets of $839K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Belmont Community Media Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Belmont Community Media Center Inc. demonstrates consistent revenue generation, averaging around $520,000 annually over the past decade. However, the organization has frequently operated with expenses exceeding revenue, as seen in 8 out of the last 10 reported periods, leading to a gradual decline in assets from $1,476,431 in 2014 to $913,799 in 2023. This trend suggests a need for closer management of operational costs relative to income. The organization's transparency is bolstered by its consistent filing of IRS Form 990s and the reported 0% officer compensation across all available filings, indicating that executive leadership is not drawing a salary from the organization, which is a strong positive for donor confidence.

While the specific breakdown of program, administrative, and fundraising expenses is not explicitly detailed in the provided summary, the consistent deficit spending warrants attention. The organization's asset base, while declining, remains substantial at $913,799 against annual expenses of approximately $521,100, providing some financial cushion. The low liabilities, generally under $60,000, also indicate a healthy balance sheet in terms of debt management. Overall, the organization appears transparent in its reporting, but its financial sustainability could be improved by aligning expenses more closely with its consistent revenue streams.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Belmont Community Media Center Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 20%
programs: 70%
fundraising: 10%

According to IRS 990 filings, Belmont Community Media Center Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are not receiving salaries from the organization, which is highly commendable for a nonprofit of its size with annual revenues around $500,000.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of Belmont Community Media Center Inc's IRS 990 filings:

Consistent deficit spending (expenses exceeding revenue in 8 of 10 years)
Declining asset base over the past decade

Strengths

The following positive indicators were identified for Belmont Community Media Center Inc:

Consistent revenue generation (around $500k annually)
0% reported officer compensation, indicating strong financial stewardship at the executive level
Low liabilities relative to assets
Consistent IRS 990 filing history, indicating transparency

Frequently Asked Questions about Belmont Community Media Center Inc

Is Belmont Community Media Center Inc. financially sustainable?

The organization has frequently operated at a deficit, with expenses exceeding revenue in 8 out of the last 10 years. While it has a significant asset base of $913,799, this has been declining from $1,476,431 in 2014, suggesting that current spending patterns are not sustainable long-term without increased revenue or reduced expenses.

How does the organization manage executive compensation?

Belmont Community Media Center Inc. reports 0% officer compensation in all available filings, meaning its executive leadership does not receive salaries from the organization, which is a strong indicator of financial prudence and dedication to its mission.

What is the trend in the organization's assets?

The organization's assets have shown a consistent downward trend, decreasing from $1,476,431 in 2014 to $913,799 in 2023, primarily due to expenses frequently exceeding revenue.

Filing History

IRS 990 filing history for Belmont Community Media Center Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2023), Belmont Community Media Center Inc's revenue has grown by 26.2%, moving from $418K to $527K. Total assets decreased by 34.5% over the same period, from $1.4M to $914K. Total functional expenses rose by 29.5%, from $402K to $521K. In its most recent filing year (2023), Belmont Community Media Center Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $46K in liabilities against $914K in assets (debt-to-asset ratio: 5.0%), resulting in net assets of $868K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$527K	$521K	$914K	$46K	—	—
2022	$500K	$548K	$917K	$55K	—	View 990
2021	$545K	$570K	$916K	$6K	—	—
2020	$512K	$606K	$982K	$47K	—	View 990
2019	$542K	$624K	$1.1M	$113K	—	View 990
2018	$528K	$617K	$1.1M	$1K	—	View 990
2017	$548K	$633K	$1.2M	$46K	—	View 990
2016	$539K	$606K	$1.3M	$1K	—	View 990
2015	$473K	$584K	$1.4M	$11K	—	View 990
2014	$460K	$466K	$1.5M	$12K	—	View 990
2013	$590K	$465K	$1.5M	$10K	—	View 990
2012	$418K	$402K	$1.4M	$3K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $527K, expenses of $521K, and assets of $914K (revenue +5.5% year-over-year).
2022: Revenue of $500K, expenses of $548K, and assets of $917K (revenue -8.2% year-over-year).
2021: Revenue of $545K, expenses of $570K, and assets of $916K (revenue +6.4% year-over-year).
2020: Revenue of $512K, expenses of $606K, and assets of $982K (revenue -5.6% year-over-year).
2019: Revenue of $542K, expenses of $624K, and assets of $1.1M (revenue +2.6% year-over-year).
2018: Revenue of $528K, expenses of $617K, and assets of $1.1M (revenue -3.5% year-over-year).
2017: Revenue of $548K, expenses of $633K, and assets of $1.2M (revenue +1.7% year-over-year).
2016: Revenue of $539K, expenses of $606K, and assets of $1.3M (revenue +13.8% year-over-year).
2015: Revenue of $473K, expenses of $584K, and assets of $1.4M (revenue +2.8% year-over-year).
2014: Revenue of $460K, expenses of $466K, and assets of $1.5M (revenue -22.0% year-over-year).
2013: Revenue of $590K, expenses of $465K, and assets of $1.5M (revenue +41.3% year-over-year).
2012: Revenue of $418K, expenses of $402K, and assets of $1.4M.

Data Sources and Methodology

This transparency report for Belmont Community Media Center Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.