Christian Television Network of Iowa Inc

Analysis

Christian Television Network of Iowa Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in April 2005, 21 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3).

In the financial year ending December 2022, Christian Television Network of Iowa Inc reported income of $118k and spending of $399k, spending 338% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $121k to $118k (-2.6%), an average of -0.9% a year. Over the whole period it spent 353% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christian Television Network of Iowa Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 45th percentile within FL. Charities of a similar size with the same main cause include Little League Baseball Inc ($118k), Redwood Symphony ($118k) and Baltimore Architecture Foundation Inc ($118k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 31% and program service revenue 69% of the total. Other salaries and wages came to $70k. At year end it held assets of $801k against liabilities of $7.5m, net assets of -$6.7m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.