Solid Foundation Broadcasting Corporation

Analysis

Solid Foundation Broadcasting Corporation is a registered charity in United States, based in Greeneville, TN. It received its IRS tax-exemption ruling in January 2008, 18 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, Solid Foundation Broadcasting Corporation reported income of $131k and spending of $89k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $96k to $131k (+36%), an average of +36% a year. The sharpest change came in the year to December 2023, when income rose by 36%. Over the whole period it spent 68% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Solid Foundation Broadcasting Corporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 44th percentile within TN. Charities of a similar size with the same main cause include Ennis Tait Ministries Inc ($131k), Freedom in Jesus Christ Charitable Trust ($131k) and Danny Forshee Evangelistic Association ($131k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $128k against liabilities of $97, net assets of $128k.