Christian Broadcasting Network Inc

Analysis

Christian Broadcasting Network Inc is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in December 1961, 65 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2024, Christian Broadcasting Network Inc reported income of $300.1m and spending of $283.4m, spending 94% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $289.7m to $300.1m (+3.6%), an average of +0.9% a year. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Christian Broadcasting Network Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within VA. Charities of a similar size with the same main cause include Cottage Health ($265.7m), Trihealth Inc ($323.2m) and Mercy Health East Communities ($248.9m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 70% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $3.6m (1.3% of expenses). Other salaries and wages came to $66.4m. At year end it held assets of $252.5m against liabilities of $34.1m, net assets of $218.3m. It reported 1,269 employees.