Ewtn News Inc

Analysis

Ewtn News Inc is a registered charity in United States, based in Irondale, AL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Ewtn News Inc reported income of $19.3m and spending of $21.2m, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.3m to $19.3m (+35%), an average of +7.7% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 102% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Ewtn News Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within AL. Charities of a similar size with the same main cause include Blue Mountain Hospital ($19.1m), Family Legacy Missions International ($19.4m) and Fabricators & Manufacturers Association International ($18.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 84% of the total. Other salaries and wages came to $8.1m. At year end it held assets of $5.6m against liabilities of $6.4m, net assets of -$793k. It reported 93 employees.