Immanuel Broadcasting Network Inc

Analysis

Immanuel Broadcasting Network Inc is a registered charity in United States, based in Cartersville, GA. It received its IRS tax-exemption ruling in January 1981, 45 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, Immanuel Broadcasting Network Inc reported income of $591k and spending of $657k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.1m to $591k (-44%), an average of -14% a year. The sharpest change came in the year to December 2020, when income dropped by 32%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Immanuel Broadcasting Network Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 76th percentile within GA. Charities of a similar size with the same main cause include Military Spouse Advocacy Network ($591k), Christ Evangelical Lutheran Church ($591k) and Woodbury Community Ambulance Inc ($591k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Compensation of current officers, directors and key employees was $82k (12% of expenses). Other salaries and wages came to $221k. At year end it held assets of $178k against liabilities of $335k, net assets of -$157k. It reported 8 employees.