Minn-Iowa Christian Broadcasting Inc

Analysis

Minn-Iowa Christian Broadcasting Inc is a registered charity in United States, based in Mankato, MN. It received its IRS tax-exemption ruling in September 1983, 43 years ago. 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, Minn-Iowa Christian Broadcasting Inc reported income of $2.8m and spending of $2.0m, leaving 28% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $2.8m (+121%), an average of +22% a year. The sharpest change came in the year to June 2023, when income rose by 58%. 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, Minn-Iowa Christian Broadcasting Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within MN. Charities of a similar size with the same main cause include Econometric Society Inc ($2.8m), Presbyterian Homes Foundation Inc ($2.8m) and Outstanding Renewal Enterprises Inc ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $134k (6.8% of expenses). Other salaries and wages came to $494k. At year end it held assets of $3.6m against liabilities of $303k, net assets of $3.3m. It reported 21 employees.