Country Radio Broadcasters Inc

Analysis

Country Radio Broadcasters Inc is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in June 1975, 51 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2022, Country Radio Broadcasters Inc reported income of $2.6m and spending of $1.7m, leaving 33% of income unspent that year. Across the 3 years on record, from May 2020 to May 2022, income grew from $1.6m to $2.6m (+64%), an average of +28% a year. The sharpest change came in the year to May 2022, when income rose by 332%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Country Radio Broadcasters Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within TN. Charities of a similar size with the same main cause include Faith Christian Academy Inc ($2.6m), Sterling-Rock Falls Family YMCA of Sterling Illinois ($2.6m) and Empowered Aging ($2.6m).

On its Form 990 for the period ending May 2022, revenue came from contributions and grants 3.3% and program service revenue 52% of the total. Compensation of current officers, directors and key employees was $170k (9.7% of expenses). Other salaries and wages came to $271k. At year end it held assets of $4.1m against liabilities of $7,780, net assets of $4.1m. It reported 6 employees.