Eternal Word Television Network Inc

Analysis

Eternal Word Television Network Inc is a registered charity in United States, based in Irondale, AL. It received its IRS tax-exemption ruling in May 1981, 45 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 2023, Eternal Word Television Network Inc reported income of $80.5m and spending of $82.0m, spending 102% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $64.9m to $80.5m (+24%), an average of +5.5% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 91% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Eternal Word Television Network Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within AL. Charities of a similar size with the same main cause include Trinity Christian Center of Santa Ana Inc ($80.4m), Hexagon Foundation ($95.9m) and Diocesan Council for the Society of St Vincent de Paul Diocese Phoenix ($76.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $971k (1.2% of expenses). Other salaries and wages came to $22.4m. At year end it held assets of $97.0m against liabilities of $18.3m, net assets of $78.7m. It reported 394 employees.