Faith Broadcasting Inc

Analysis

Faith Broadcasting Inc is a registered charity in United States, based in Montgomery, AL. It received its IRS tax-exemption ruling in December 1981, 45 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, Faith Broadcasting Inc reported income of $1.2m and spending of $1.0m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $862k to $1.2m (+35%), an average of +7.8% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 84% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Faith Broadcasting Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 85th percentile within AL. Charities of a similar size with the same main cause include Childrens Imaginarium Inc ($1.2m), Flint River Quarium Inc ($1.2m) and Pella Historical Society ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% of the total. Compensation of current officers, directors and key employees was $149k (14% of expenses). Other salaries and wages came to $377k. At year end it held assets of $1.9m against liabilities of $214k, net assets of $1.6m. It reported 8 employees.