Tri-State Inspirational Broadcasting Corporation

Analysis

Tri-State Inspirational Broadcasting Corporation is a registered charity in United States, based in Florence, AL. It received its IRS tax-exemption ruling in March 1987, 39 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, Tri-State Inspirational Broadcasting Corporation reported income of $360k and spending of $340k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $325k to $360k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2022, when income rose by 15%. Over the whole period it spent 93% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Tri-State Inspirational Broadcasting Corporation sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include United Way of the Mark Twain Area ($360k), Halifax Area Ambulance and Rescue Association Inc ($360k) and Independence Manor II Inc ($360k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $93k (27% of expenses). Other salaries and wages came to $71k. At year end it held assets of $267k against liabilities of $36k, net assets of $232k. It reported 5 employees.