Kodiak Public Broadcasting Corporation

Analysis

Kodiak Public Broadcasting Corporation is a registered charity in United States, based in Kodiak, AK. It received its IRS tax-exemption ruling in January 1975, 51 years ago. 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 June 2023, Kodiak Public Broadcasting Corporation reported income of $605k and spending of $613k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $483k to $605k (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2021, when income rose by 51%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kodiak Public Broadcasting Corporation sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 70th percentile within AK. Charities of a similar size with the same main cause include Rowayton Senior Housing Corporation C/O Kenneth Laclair ($605k), Imperial Symphony Orchestra Inc ($605k) and Michigan Consortium for Healthcare Excellence ($605k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 56% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $84k (14% of expenses). Other salaries and wages came to $264k. At year end it held assets of $1.4m against liabilities of $119k, net assets of $1.3m. It reported 9 employees.