Lynn Canal Broadcasting

Analysis

Lynn Canal Broadcasting is a registered charity in United States, based in Haines, AK. It received its IRS tax-exemption ruling in November 1978, 48 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, Lynn Canal Broadcasting reported income of $447k and spending of $459k, spending 103% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $471k to $447k (-5.1%), an average of -1.7% a year. The sharpest change came in the year to June 2021, when income rose by 44%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lynn Canal Broadcasting sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 64th percentile within AK. Charities of a similar size with the same main cause include Olympic Ballet Theatre ($447k), Centro Del Pueblo Inc ($447k) and Marian Mullin Hancock Charitable TR 031893 ($447k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $59k (13% of expenses). Other salaries and wages came to $202k. At year end it held assets of $478k against liabilities of $41k, net assets of $436k. It reported 17 employees.