Cable Center
Cable Center consistently operates at a deficit, relying on substantial assets to cover expenses.
EIN: 200315238 · Denver, CO · NTEE: B11 · Updated: 2026-03-28
Is Cable Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Cable Center directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Cable Center
Cable Center (EIN: 200315238) is a nonprofit organization based in Denver, CO, classified under NTEE code B11. The organization reported total revenue of $34.5M and total assets of $54.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cable Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cable Center is a large nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $4.1M |
| Surplus / Deficit | $-1,422,375 |
| Total Assets | $53.2M |
| Total Liabilities | $4.6M |
| Net Assets | $48.6M |
| Operating Margin | -53.7% |
| Debt-to-Asset Ratio | 8.7% |
| Months of Reserves | 157.0 months |
Financial Health Grade: B
In 2023, Cable Center reported a deficit of $1.4M with expenses exceeding revenue, holds 157.0 months of operating reserves (strong position), has a debt-to-asset ratio of 8.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Cable Center's revenue has grown at a compound annual growth rate (CAGR) of 2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.7% | +3.8% | +5.7% |
| 2022 | +40.9% | +6.0% | -14.2% |
| 2021 | +57.2% | +0.5% | +1.5% |
| 2020 | -39.1% | +2.7% | +5.5% |
| 2019 | +10.6% | +16.7% | +6.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cable Center with a Mission Score of 60 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, Cable Center allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.7%.
Executive Compensation Analysis
No officer compensation has been reported in any of the available filings, which is unusual for an organization with over $50 million in assets and annual expenses exceeding $3 million. This could indicate a volunteer executive team or compensation being categorized differently, requiring further scrutiny for complete understanding.
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 Cable Center's IRS 990 filings:
- Consistent operational deficits, with expenses regularly exceeding revenue (e.g., $4,071,137 expenses vs. $2,648,762 revenue in 2023).
- No officer compensation reported across all 13 filings, which is atypical for an organization of this scale.
- Significant decline in revenue from $3,206,184 in 2016 to $1,120,958 in 2020, though it has since recovered to $2,648,762 in 2023.
Strengths
The following positive indicators were identified for Cable Center:
- Maintains a very strong asset base, consistently over $50 million (e.g., $53,247,448 in 2023), providing significant financial stability.
- Low liabilities relative to assets (e.g., $4,618,137 liabilities vs. $53,247,448 assets in 2023), indicating a healthy balance sheet.
- Consistent filing history over 13 periods, demonstrating transparency in reporting to the IRS.
Frequently Asked Questions about Cable Center
Is Cable Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Cable Center (EIN: 200315238) some concerns. Mission Score: 60/100. 3 red flags identified, 3 strengths noted.
How does Cable Center spend its money?
Cable Center directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Cable Center tax-deductible?
Cable Center is registered as a tax-exempt nonprofit (EIN: 200315238). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does The Cable Center cover its consistent operational deficits?
The organization consistently reports expenses significantly higher than its revenue (e.g., $4,071,137 expenses vs. $2,648,762 revenue in 2023). This suggests it is either drawing down on its substantial asset base ($53,247,448 in 2023) or relying on other forms of income not categorized as 'Revenue' in the provided summary.
Why is no officer compensation reported across all filings?
The absence of reported officer compensation (0%) in all 13 filings is highly unusual for an organization of this size and asset value. It warrants investigation to determine if executive roles are purely voluntary or if compensation is reported under different expense categories.
Is The Cable Center's financial model sustainable in the long term?
The consistent pattern of spending more than it earns annually (e.g., $1,422,375 deficit in 2023) raises concerns about long-term sustainability, despite its large asset base. Continued operational deficits will eventually erode its reserves if not addressed.
Filing History
IRS 990 filing history for Cable Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Cable Center's revenue has grown by 37.9%, moving from $1.9M to $2.6M. Total assets increased by 3.6% over the same period, from $51.4M to $53.2M. Total functional expenses fell by 6.8%, from $4.4M to $4.1M. In its most recent filing year (2023), Cable Center reported a deficit of $1.4M, with expenses exceeding revenue. The organization holds $4.6M in liabilities against $53.2M in assets (debt-to-asset ratio: 8.7%), resulting in net assets of $48.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $4.1M | $53.2M | $4.6M | — | View 990 |
| 2022 | $2.5M | $3.9M | $50.4M | $4.5M | — | — |
| 2021 | $1.8M | $3.7M | $58.7M | $4.7M | — | View 990 |
| 2020 | $1.1M | $3.7M | $57.8M | $4.7M | — | — |
| 2019 | $1.8M | $3.6M | $54.8M | $4.5M | — | View 990 |
| 2018 | $1.7M | $3.1M | $51.4M | $4.5M | — | View 990 |
| 2017 | $1.6M | $3.0M | $55.7M | $4.5M | — | View 990 |
| 2016 | $3.2M | $3.1M | $52.3M | $4.4M | — | View 990 |
| 2015 | $1.9M | $3.4M | $53.4M | $4.4M | — | View 990 |
| 2014 | $1.7M | $3.1M | $55.4M | $4.5M | — | View 990 |
| 2013 | $1.5M | $2.9M | $56.0M | $4.5M | — | View 990 |
| 2012 | $2.7M | $4.6M | $52.4M | $4.4M | — | View 990 |
| 2011 | $1.9M | $4.4M | $51.4M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $4.1M, and assets of $53.2M (revenue +6.7% year-over-year).
- 2022: Revenue of $2.5M, expenses of $3.9M, and assets of $50.4M (revenue +40.9% year-over-year).
- 2021: Revenue of $1.8M, expenses of $3.7M, and assets of $58.7M (revenue +57.2% year-over-year).
- 2020: Revenue of $1.1M, expenses of $3.7M, and assets of $57.8M (revenue -39.1% year-over-year).
- 2019: Revenue of $1.8M, expenses of $3.6M, and assets of $54.8M (revenue +10.6% year-over-year).
- 2018: Revenue of $1.7M, expenses of $3.1M, and assets of $51.4M (revenue +6.1% year-over-year).
- 2017: Revenue of $1.6M, expenses of $3.0M, and assets of $55.7M (revenue -51.1% year-over-year).
- 2016: Revenue of $3.2M, expenses of $3.1M, and assets of $52.3M (revenue +65.1% year-over-year).
- 2015: Revenue of $1.9M, expenses of $3.4M, and assets of $53.4M (revenue +14.6% year-over-year).
- 2014: Revenue of $1.7M, expenses of $3.1M, and assets of $55.4M (revenue +10.4% year-over-year).
- 2013: Revenue of $1.5M, expenses of $2.9M, and assets of $56.0M (revenue -43.2% year-over-year).
- 2012: Revenue of $2.7M, expenses of $4.6M, and assets of $52.4M (revenue +40.5% year-over-year).
- 2011: Revenue of $1.9M, expenses of $4.4M, and assets of $51.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cable Center:
Data Sources and Methodology
This transparency report for Cable Center 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.