Word Broadcasting Network Inc

Analysis

Word Broadcasting Network Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in October 2016, 10 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, Word Broadcasting Network Inc reported income of $4.3m and spending of $4.1m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.9m to $4.3m (+8.6%), an average of +2.1% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Word Broadcasting Network Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within KY. Charities of a similar size with the same main cause include International Board of Jewish Missions Inc ($4.3m), Family Missions Company ($4.3m) and International Friendships Inc ($4.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.1% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $914k (22% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $11.8m against liabilities of $11.8m, net assets of $0. It reported 40 employees.