The Channel Inc

Analysis

The Channel Inc is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in May 1995, 31 years ago. Its declared purposes cover education, which this site groups under education and training. 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, The Channel Inc reported income of $280k and spending of $268k, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $223k to $280k (+26%), an average of +7.9% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The Channel Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Partners for Schools International ($280k), Southern Alamance High School Boosters ($280k) and Compositive Project ($280k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $46k (17% of expenses). Other salaries and wages came to $51k. It paid $248 in professional fundraising fees. At year end it held assets of $233k against liabilities of $545, net assets of $232k. It reported 5 employees.