Bethel Broadcasting Inc

Analysis

Bethel Broadcasting Inc is a registered charity in United States, based in Bethel, AK. It received its IRS tax-exemption ruling in November 1983, 43 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 2023, Bethel Broadcasting Inc reported income of $1.9m and spending of $2.0m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $1.9m (+9.0%), an average of +2.2% a year. The sharpest change came in the year to June 2022, when income rose by 58%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bethel Broadcasting Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within AK. Charities of a similar size with the same main cause include Arc of New Mexico ($1.9m), Habitat for Humanity International Inc ($1.9m) and Hill Country Crisis Council Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $128k (6.3% of expenses). Other salaries and wages came to $763k. At year end it held assets of $4.8m against liabilities of $682k, net assets of $4.1m. It reported 52 employees.