Michiana Public Broadcasting Corporation

Analysis

Michiana Public Broadcasting Corporation is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in June 1969, 57 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, Michiana Public Broadcasting Corporation reported income of $4.0m and spending of $4.2m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $4.3m to $4.0m (-8.2%), an average of -2.1% a year. The sharpest change came in the year to September 2021, when income rose by 36%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Michiana Public Broadcasting Corporation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Ica LA ($4.0m), Lake City Creative Alliance ($4.0m) and Goggle Works ($4.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 95% and program service revenue 2.2% of the total. Compensation of current officers, directors and key employees was $127k (3.0% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.3m against liabilities of $2.6m, net assets of $3.7m. It reported 35 employees.