Faith Radio Network Inc

Analysis

Faith Radio Network Inc is a registered charity in United States, based in Tallahassee, FL. It received its IRS tax-exemption ruling in March 1998, 28 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 June 2024, Faith Radio Network Inc reported income of $698k and spending of $656k, spending 94% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $806k to $698k (-13%), an average of -2.8% a year. The sharpest change came in the year to June 2021, when income rose by 31%. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Faith Radio Network 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 75th percentile, and in the 77th percentile within FL. Charities of a similar size with the same main cause include Sparrow Collective ($698k), Choice International Family Outreach Center ($698k) and Treasure Coast Educational Media Inc ($698k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 67% and program service revenue 30% of the total. Compensation of current officers, directors and key employees was $86k (13% of expenses). Other salaries and wages came to $166k. At year end it held assets of $1.3m against liabilities of $7,351, net assets of $1.3m. It reported 5 employees.