Coral Ridge Ministries Media Inc

Analysis

Coral Ridge Ministries Media Inc is a registered charity in United States, based in Fort Lauderdale, FL. It received its IRS tax-exemption ruling in August 1994, 32 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, Coral Ridge Ministries Media Inc reported income of $4.4m and spending of $6.3m, spending 142% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.7m to $4.4m (-6.6%), an average of -2.3% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Coral Ridge Ministries Media Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Cornerstone Television Inc ($4.4m), League to Save Lake Tahoe ($4.4m) and The Fid Group ($4.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 2.6% of the total. Compensation of current officers, directors and key employees was $100k (1.6% of expenses). Other salaries and wages came to $1.7m. It paid $107k in professional fundraising fees. At year end it held assets of $5.0m against liabilities of $1.2m, net assets of $3.8m. It reported 27 employees.