Son Broadcasting Inc

Analysis

Son Broadcasting Inc is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in August 1977, 49 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Son Broadcasting Inc reported income of $819k and spending of $779k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $612k to $819k (+34%), an average of +7.6% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Son Broadcasting Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 76th percentile within NM. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($819k), Just Hoop Inc ($819k) and Leadershape Incorporated ($819k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 46% of the total. Other salaries and wages came to $339k. At year end it held assets of $447k against liabilities of $24k, net assets of $423k. It reported 12 employees.