T L C Broadcasting Corporation

Analysis

T L C Broadcasting Corporation is a registered charity in United States, based in Mason City, IA. It received its IRS tax-exemption ruling in April 1978, 48 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, T L C Broadcasting Corporation reported income of $238k and spending of $282k, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $282k to $238k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2022, when income dropped by 19%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, T L C Broadcasting Corporation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 59th percentile within IA. Charities of a similar size with the same main cause include Little Canada Recreation Association Inc ($238k), Beaver Creek Elderly Inc ($238k) and Intergroup Association Inc 115 Studio Building ($238k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% of the total. Compensation of current officers, directors and key employees was $77k (27% of expenses). Other salaries and wages came to $46k. It paid $31k in professional fundraising fees. At year end it held assets of $431k against liabilities of $0, net assets of $431k. 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.