Kotzebue Broadcasting Inc

Analysis

Kotzebue Broadcasting Inc is a registered charity in United States, based in Kotzebue, AK. It received its IRS tax-exemption ruling in September 1972, 54 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, Kotzebue Broadcasting Inc reported income of $550k and spending of $657k, spending 119% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $737k to $550k (-25%), an average of -7.1% a year. The sharpest change came in the year to June 2020, when income rose by 20%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kotzebue Broadcasting Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 68th percentile within AK. Charities of a similar size with the same main cause include Colorado Community Revitalization Association Inc ($550k), Skaalen Village Inc ($550k) and Dart Center ($550k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $59k (9.1% of expenses). Other salaries and wages came to $220k. At year end it held assets of $1.1m against liabilities of $345k, net assets of $755k. It reported 9 employees.