Woburn Public Media Center Inc
Woburn Public Media Center Inc maintains strong assets and low liabilities despite recent operational deficits.
EIN: 203165653 · Woburn, MA · NTEE: A32 · Updated: 2026-03-28
Is Woburn Public Media Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Woburn Public Media Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Woburn Public Media Center Inc
Woburn Public Media Center Inc (EIN: 203165653) is a nonprofit organization based in Woburn, MA, classified under NTEE code A32. The organization reported total revenue of $830K and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woburn Public Media Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Woburn Public Media Center Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Woburn Public Media Center Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers receive compensation, which is highly unusual for an organization of this size with assets exceeding $2.7 million.
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 Woburn Public Media Center Inc's IRS 990 filings:
- Expenses exceeded revenue in the two most recent filing periods (2022 and 2023), indicating operational deficits.
- Consistent 0% officer compensation for an organization with over $2.7 million in assets is unusual and may warrant further investigation into how leadership is compensated or sustained.
Strengths
The following positive indicators were identified for Woburn Public Media Center Inc:
- Strong and growing asset base, increasing from $1,988,985 in 2014 to $2,756,214 in 2023, indicating financial stability.
- Very low liabilities, consistently under $16,000, demonstrating minimal debt burden.
- Consistent filing of IRS Form 990s over 13 periods, showing strong transparency and accountability.
- Absence of officer compensation suggests a high proportion of funds are directed towards programs and operations rather than executive salaries.
Frequently Asked Questions about Woburn Public Media Center Inc
Is Woburn Public Media Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Woburn Public Media Center Inc (EIN: 203165653) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Woburn Public Media Center Inc spend its money?
Woburn Public Media Center Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Woburn Public Media Center Inc tax-deductible?
Woburn Public Media Center Inc is registered as a tax-exempt nonprofit (EIN: 203165653). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Woburn Public Media Center Inc cover its operational deficits in 2022 and 2023?
In 2022, expenses ($762,964) exceeded revenue ($699,957) by $62,007, and in 2023, expenses ($769,819) exceeded revenue ($686,235) by $83,584. These deficits are likely covered by drawing from the organization's substantial accumulated assets, which were $2,870,638 in 2022 and $2,756,214 in 2023.
What is the long-term impact of the recent trend of expenses exceeding revenue?
If the trend of expenses exceeding revenue continues, it could gradually erode the organization's asset base. While current assets of $2,756,214 are substantial, sustained deficits could eventually impact financial stability and program capacity.
How does the 0% officer compensation affect the organization's operations?
The 0% officer compensation suggests that leadership roles may be filled by volunteers or that compensation is categorized differently, potentially under general salaries or other expenses. This practice can free up significant funds for programs but might also raise questions about leadership sustainability or the true cost of management.
Filing History
IRS 990 filing history for Woburn Public Media Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Woburn Public Media Center Inc's revenue has grown by 2.2%, moving from $672K to $686K. Total assets increased by 61.1% over the same period, from $1.7M to $2.8M. Total functional expenses rose by 47.8%, from $521K to $770K. In its most recent filing year (2023), Woburn Public Media Center Inc reported a deficit of $84K, with expenses exceeding revenue. The organization holds $15K in liabilities against $2.8M in assets (debt-to-asset ratio: 0.6%), resulting in net assets of $2.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $686K | $770K | $2.8M | $15K | — | — |
| 2022 | $700K | $763K | $2.9M | $15K | — | View 990 |
| 2021 | $756K | $671K | $2.9M | $15K | — | View 990 |
| 2020 | $735K | $617K | $2.8M | $12K | — | — |
| 2019 | $719K | $609K | $2.7M | $12K | — | View 990 |
| 2018 | $724K | $575K | $2.6M | $12K | — | View 990 |
| 2017 | $777K | $567K | $2.5M | $12K | — | View 990 |
| 2016 | $692K | $542K | $2.3M | $12K | — | View 990 |
| 2015 | $669K | $548K | $2.1M | $11K | — | View 990 |
| 2014 | $645K | $519K | $2.0M | $11K | — | View 990 |
| 2013 | $619K | $548K | $1.9M | $11K | — | View 990 |
| 2012 | $586K | $502K | $1.8M | $11K | — | View 990 |
| 2011 | $672K | $521K | $1.7M | $14K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $686K, expenses of $770K, and assets of $2.8M (revenue -2.0% year-over-year).
- 2022: Revenue of $700K, expenses of $763K, and assets of $2.9M (revenue -7.4% year-over-year).
- 2021: Revenue of $756K, expenses of $671K, and assets of $2.9M (revenue +2.8% year-over-year).
- 2020: Revenue of $735K, expenses of $617K, and assets of $2.8M (revenue +2.3% year-over-year).
- 2019: Revenue of $719K, expenses of $609K, and assets of $2.7M (revenue -0.7% year-over-year).
- 2018: Revenue of $724K, expenses of $575K, and assets of $2.6M (revenue -6.9% year-over-year).
- 2017: Revenue of $777K, expenses of $567K, and assets of $2.5M (revenue +12.3% year-over-year).
- 2016: Revenue of $692K, expenses of $542K, and assets of $2.3M (revenue +3.5% year-over-year).
- 2015: Revenue of $669K, expenses of $548K, and assets of $2.1M (revenue +3.8% year-over-year).
- 2014: Revenue of $645K, expenses of $519K, and assets of $2.0M (revenue +4.2% year-over-year).
- 2013: Revenue of $619K, expenses of $548K, and assets of $1.9M (revenue +5.6% year-over-year).
- 2012: Revenue of $586K, expenses of $502K, and assets of $1.8M (revenue -12.8% year-over-year).
- 2011: Revenue of $672K, expenses of $521K, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Woburn Public 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.