Acadiana Open Channel Inc

Analysis

Acadiana Open Channel Inc is a registered charity in United States, based in Lafayette, LA. It received its IRS tax-exemption ruling in July 1982, 44 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 June 2024, Acadiana Open Channel Inc reported income of $633k and spending of $671k, spending 106% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $886k to $633k (-29%), an average of -6.5% a year. The sharpest change came in the year to June 2022, when income dropped by 28%. Over the whole period it spent 106% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Acadiana Open Channel Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 72nd percentile within LA. Charities of a similar size with the same main cause include Literacy New York Buffalo-Niagara Inc ($633k), Association of Students of the University of Nebraska ($633k) and Baseball Parents Inc ($633k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.9% of the total. Compensation of current officers, directors and key employees was $75k (11% of expenses). Other salaries and wages came to $236k. At year end it held assets of $561k against liabilities of $194k, net assets of $367k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.