The Family Radio Network Inc

Analysis

The Family Radio Network Inc is a registered charity in United States, based in Appleton, WI. It received its IRS tax-exemption ruling in August 1981, 45 years ago. 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, The Family Radio Network Inc reported income of $2.5m and spending of $2.1m, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $2.5m (+19%), an average of +4.5% a year. Over the whole period it spent 83% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Family Radio Network Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within WI. Charities of a similar size with the same main cause include Ignatian Lay Volunteer Corps ($2.5m), Helping Alaska ($2.5m) and Family YMCA of Black Hawk County ($2.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $96k (4.5% of expenses). Other salaries and wages came to $905k. It paid $105k in professional fundraising fees. At year end it held assets of $5.7m against liabilities of $690k, net assets of $5.1m. It reported 24 employees.