Wonderful News Radio Inc

Analysis

Wonderful News Radio Inc is a registered charity in United States, based in Port Huron, MI. It received its IRS tax-exemption ruling in September 1998, 28 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 June 2024, Wonderful News Radio Inc reported income of $724k and spending of $645k, spending 89% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $515k to $724k (+41%), an average of +8.9% a year. The sharpest change came in the year to June 2021, when income rose by 26%. Over the whole period it spent 90% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Wonderful News Radio Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MI. Charities of a similar size with the same main cause include Imagine Community Arts Center Inc ($724k), Mercy International ($724k) and Nashville Film Festival ($724k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 84% and program service revenue 8.0% of the total. Other salaries and wages came to $258k. At year end it held assets of $1.3m against liabilities of $338k, net assets of $951k. It reported 8 employees.