Dominion Broadcasting Incorporated

Analysis

Dominion Broadcasting Incorporated is a registered charity in United States, based in Toledo, OH. It received its IRS tax-exemption ruling in December 1991, 35 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, Dominion Broadcasting Incorporated reported income of $2.1m and spending of $1.8m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.1m (+36%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Dominion Broadcasting Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within OH. Charities of a similar size with the same main cause include Genesis Foundation ($2.1m), Keren Yisroel & Chaya Inc ($2.1m) and Life Impact Inc ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $144k (8.2% of expenses). Other salaries and wages came to $511k. At year end it held assets of $2.0m against liabilities of $724k, net assets of $1.3m. It reported 16 employees.