Putnam Radio Ministries

Analysis

Putnam Radio Ministries is a registered charity in United States, based in Palatka, FL. It received its IRS tax-exemption ruling in July 1997, 29 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, Putnam Radio Ministries reported income of $414k and spending of $332k, spending 80% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $304k to $414k (+36%), an average of +8.1% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Putnam Radio Ministries sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Ahavas Chesed-Love of Kindness Inc ($414k), A Moment of Hope ($414k) and Partners India International Inc ($414k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $62k (19% of expenses). Other salaries and wages came to $70k. At year end it held assets of $976k against liabilities of $3,182, net assets of $973k. It reported 6 employees.