Three Angels Broadcasting Network Inc

Analysis

Three Angels Broadcasting Network Inc is a registered charity in United States, based in W Frankfort, IL. It received its IRS tax-exemption ruling in May 1986, 40 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Three Angels Broadcasting Network Inc reported income of $15.1m and spending of $14.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.0m to $15.1m (+403%), an average of +50% a year. The sharpest change came in the year to December 2020, when income rose by 391%. Over the whole period it spent 112% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Three Angels Broadcasting Network Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within IL. Charities of a similar size with the same main cause include Far East Broadcasting Company ($15.0m), Maimonides-Shalom Academy Inc ($15.1m) and Gods World Publications Inc ($14.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 8.5% of the total. Compensation of current officers, directors and key employees was $428k (2.9% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $70.1m against liabilities of $44.5m, net assets of $25.5m. It reported 152 employees.