Bible Broadcasting Network Incorporated

Analysis

Bible Broadcasting Network Incorporated is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 1971, 55 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 December 2023, Bible Broadcasting Network Incorporated reported income of $19.7m and spending of $12.4m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $14.5m to $19.7m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 66% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bible Broadcasting Network Incorporated 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 97th percentile, and in the 98th percentile within NC. Charities of a similar size with the same main cause include Life Action Ministries ($19.7m), Shalom Ministries International Inc ($19.9m) and Foundation for a Christian Civilization Inc ($19.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $464k (3.7% of expenses). Other salaries and wages came to $4.7m. At year end it held assets of $112.4m against liabilities of $6.8m, net assets of $105.6m. It reported 84 employees.