Christian Television Network of South Carolina Inc

Analysis

Christian Television Network of South Carolina Inc is a registered charity in United States, based in Largo, FL. It received its IRS tax-exemption ruling in September 2013, 13 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 2022, Christian Television Network of South Carolina Inc reported income of $101k and spending of $198k, spending 196% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $67k to $101k (+52%), an average of +15% a year. The sharpest change came in the year to December 2020, when income rose by 18%. Over the whole period it spent 252% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Christian Television Network of South Carolina Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 41st percentile within FL. Charities of a similar size with the same main cause include Iglesia Voz de Arcangel ($101k), Iglesia Luz de Esperanza ($101k) and Franklin Ministries Inc ($101k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 2.7% and program service revenue 88% of the total. Other salaries and wages came to $61k. At year end it held assets of $1.4m against liabilities of $4.5m, net assets of -$3.1m. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.