Capitol Broadcasting Association Inc

Analysis

Capitol Broadcasting Association Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in October 1966, 60 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, Capitol Broadcasting Association Inc reported income of $2.7m and spending of $3.1m, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $2.7m (-33%), an average of -9.5% a year. The sharpest change came in the year to December 2022, when income dropped by 39%. Over the whole period it spent 74% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Capitol Broadcasting Association 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 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Bangor Housing Development Corporation ($2.7m), Boy Scouts of America ($2.7m) and Virginia Child Care Resource and Refferal Network ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $247k (8.0% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $10.7m against liabilities of $586k, net assets of $10.1m. It reported 32 employees.