Christian Heritage Broadcasting Inc

Analysis

Christian Heritage Broadcasting Inc is a registered charity in United States, based in Osakis, MN. It received its IRS tax-exemption ruling in October 1986, 40 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 December 2023, Christian Heritage Broadcasting Inc reported income of $1.4m and spending of $1.6m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $884k to $1.4m (+60%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 93%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Christian Heritage Broadcasting Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MN. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($1.4m), Larche-Cleveland Inc ($1.4m) and Houston Galveston Institute Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $170k (11% of expenses). Other salaries and wages came to $472k. At year end it held assets of $2.9m against liabilities of $306k, net assets of $2.6m. It reported 12 employees.