Taylor University Broadcasting Inc

Analysis

Taylor University Broadcasting Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Taylor University Broadcasting Inc reported income of $3.0m and spending of $3.4m, spending 113% of what it took in. Across the 4 years on record, from May 2020 to May 2023, income grew from $2.6m to $3.0m (+15%), an average of +4.9% a year. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Taylor University Broadcasting Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within IN. Charities of a similar size with the same main cause include Duxbury Bay Maritime School Inc ($3.0m), Prince William Academy Inc ($3.0m) and South Hills Catholic Academy ($3.0m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 94% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $285k (8.3% of expenses). Other salaries and wages came to $861k. At year end it held assets of $4.6m against liabilities of $1.2m, net assets of $3.4m. It reported 31 employees.