Cable Foundation
EIN: 61620781 · Nashville, TN · NTEE: S118
| Metric | Value |
|---|---|
| Total Revenue | $96K |
| Total Expenses | $233K |
| Net Assets | $-110,323 |
Is Cable Foundation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Cable Foundation
Cable Foundation (EIN: 61620781) is a nonprofit organization based in Nashville, TN, classified under NTEE code S118. The organization reported total revenue of $96K and total assets of $34K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Cable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Cable Foundation is a micro nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -8.7%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $96K |
| Total Expenses | $233K |
| Surplus / Deficit | $-137,372 |
| Total Assets | $34K |
| Total Liabilities | $144K |
| Net Assets | $-110,323 |
| Operating Margin | -143.2% |
| Debt-to-Asset Ratio | 426.1% |
| Months of Reserves | 1.7 months |
Financial Health Grade: D
In 2024, Cable Foundation reported a deficit of $137K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 426.1% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Cable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -8.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +27.8% | +7.3% | -43.3% |
| 2023 | +78.8% | +952.4% | -77.2% |
| 2022 | -40.8% | +375.1% | +5.7% |
| 2021 | -6.9% | -92.0% | +46.3% |
| 2020 | -6.2% | -33.3% | +1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2002 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Cable Foundation has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Cable Foundation with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $137K, with expenses exceeding revenue.
- Debt-to-asset ratio: 426.1%.
Frequently Asked Questions about Cable Foundation
Is Cable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Cable Foundation (EIN: 61620781) insufficient data. 0 red flags identified, 0 strengths noted.
How does Cable Foundation spend its money?
Detailed spending breakdown data is not yet available for Cable Foundation. Check back for updated IRS 990 analysis.
Are donations to Cable Foundation tax-deductible?
Cable Foundation is registered as a tax-exempt nonprofit (EIN: 61620781). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Cable Foundation located?
Cable Foundation is headquartered in Nashville, Tennessee and files with the IRS under EIN 61620781. It is classified under NTEE code S118.
How many years of IRS 990 filings does Cable Foundation have?
Cable Foundation has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $96K in total revenue.
Filing History
IRS 990 filing history for Cable Foundation showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Cable Foundation's revenue has declined by 69.2%, moving from $311K to $96K. Total assets decreased by 83.9% over the same period, from $210K to $34K. Total functional expenses fell by 19.4%, from $289K to $233K. In its most recent filing year (2024), Cable Foundation reported a deficit of $137K, with expenses exceeding revenue. The organization holds $144K in liabilities against $34K in assets (debt-to-asset ratio: 426.1%), resulting in net assets of $-110,323.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $96K | $233K | $34K | $144K | — | — |
| 2023 | $75K | $217K | $60K | $33K | — | — |
| 2022 | $42K | $21K | $262K | $6K | — | View 990 |
| 2021 | $71K | $4K | $248K | $13K | — | — |
| 2020 | $76K | $54K | $169K | $2K | — | View 990 |
| 2019 | $81K | $81K | $167K | $22K | — | View 990 |
| 2018 | $182K | $156K | $152K | $7K | — | View 990 |
| 2017 | $243K | $204K | $142K | $22K | — | View 990 |
| 2016 | $193K | $216K | $90K | $9K | — | View 990 |
| 2015 | $298K | $297K | $134K | $29K | — | View 990 |
| 2014 | $278K | $309K | $116K | $12K | — | View 990 |
| 2013 | $339K | $325K | $252K | $105K | — | View 990 |
| 2012 | $418K | $369K | $155K | $21K | — | View 990 |
| 2011 | $311K | $289K | $210K | $125K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $96K, expenses of $233K, and assets of $34K (revenue +27.8% year-over-year).
- 2023: Revenue of $75K, expenses of $217K, and assets of $60K (revenue +78.8% year-over-year).
- 2022: Revenue of $42K, expenses of $21K, and assets of $262K (revenue -40.8% year-over-year).
- 2021: Revenue of $71K, expenses of $4K, and assets of $248K (revenue -6.9% year-over-year).
- 2020: Revenue of $76K, expenses of $54K, and assets of $169K (revenue -6.2% year-over-year).
- 2019: Revenue of $81K, expenses of $81K, and assets of $167K (revenue -55.4% year-over-year).
- 2018: Revenue of $182K, expenses of $156K, and assets of $152K (revenue -25.3% year-over-year).
- 2017: Revenue of $243K, expenses of $204K, and assets of $142K (revenue +26.3% year-over-year).
- 2016: Revenue of $193K, expenses of $216K, and assets of $90K (revenue -35.3% year-over-year).
- 2015: Revenue of $298K, expenses of $297K, and assets of $134K (revenue +7.0% year-over-year).
- 2014: Revenue of $278K, expenses of $309K, and assets of $116K (revenue -17.8% year-over-year).
- 2013: Revenue of $339K, expenses of $325K, and assets of $252K (revenue -18.9% year-over-year).
- 2012: Revenue of $418K, expenses of $369K, and assets of $155K (revenue +34.3% year-over-year).
- 2011: Revenue of $311K, expenses of $289K, and assets of $210K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Cable Foundation:
Data Sources and Methodology
This transparency report for Cable Foundation 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.