Faith Broadcasting Network Inc

Analysis

Faith Broadcasting Network Inc is a registered charity in United States, based in Marion, IL. It received its IRS tax-exemption ruling in June 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Faith Broadcasting Network Inc reported income of $4.1m and spending of $4.7m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.4m to $4.1m (+75%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 395%. Over the whole period it spent 75% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Broadcasting Network Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IL. Charities of a similar size with the same main cause include The Fund for Christian Service ($4.1m), Jewish Hospice & Chaplaincy Network ($4.1m) and St Joseph Real Estate Services Corporation ($4.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 74% of the total. At year end it held assets of $41.7m against liabilities of $9,030, net assets of $41.6m.