Kachemak Bay Broadcasting Inc

Analysis

Kachemak Bay Broadcasting Inc is a registered charity in United States, based in Homer, AK. It received its IRS tax-exemption ruling in June 1977, 49 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, Kachemak Bay Broadcasting Inc reported income of $554k and spending of $669k, spending 121% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $522k to $554k (+6.1%), an average of +1.5% a year. The sharpest change came in the year to June 2023, when income dropped by 22%. Over the whole period it spent 107% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Kachemak Bay 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 69th percentile within AK. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($554k), Duffield Volunteer Fire and Rescue Squad Inc ($554k) and Womens History Reclamation Project Inc ($554k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $63k (9.4% of expenses). Other salaries and wages came to $288k. At year end it held assets of $1.1m against liabilities of $106k, net assets of $982k. It reported 17 employees.