Carolina Christian Radio Inc

Analysis

Carolina Christian Radio Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Carolina Christian Radio Inc reported income of $1.3m and spending of $1.4m, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $931k to $1.3m (+43%), an average of +9.3% a year. The sharpest change came in the year to December 2023, when income rose by 24%. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Carolina Christian Radio Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within NC. Charities of a similar size with the same main cause include Armenian Cultural Association of America Inc ($1.3m), Grout Museum Inc ($1.3m) and Aspen Art Museum Foundation ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 77% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $617k (45% of expenses). At year end it held assets of $842k against liabilities of $5,700, net assets of $836k. It reported 14 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.