Channel One Inc

Analysis

Channel One Inc is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in June 1983, 43 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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 2023, Channel One Inc reported income of $20.3m and spending of $20.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $16.7m to $20.3m (+21%), an average of +4.9% a year. The sharpest change came in the year to June 2020, when income rose by 30%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Channel One Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Jewish Family Service of Colorado Inc ($20.3m), Food Bank of Lincoln Inc ($20.3m) and Young Mens Christian Association of Akron Ohio ($20.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 7.1% of the total. Compensation of current officers, directors and key employees was $122k (0.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $9.5m against liabilities of $252k, net assets of $9.2m. It reported 48 employees.