Koahnic Broadcast Corporation

Analysis

Koahnic Broadcast Corporation is a registered charity in United States, based in Anchorage, AK. It received its IRS tax-exemption ruling in July 1993, 33 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Koahnic Broadcast Corporation reported income of $3.3m and spending of $3.2m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.3m (+17%), an average of +4.1% a year. The sharpest change came in the year to June 2022, when income rose by 36%. Over the whole period it spent 81% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Koahnic Broadcast Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within AK. Charities of a similar size with the same main cause include Westhampton Beach Performing Arts Center Inc ($3.3m), Utah Heritage Highway 89 Alliance ($3.3m) and Partners for Sacred Places Inc ($3.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 65% and program service revenue 28% of the total. Compensation of current officers, directors and key employees was $214k (6.6% of expenses). Other salaries and wages came to $918k. At year end it held assets of $8.9m against liabilities of $1.9m, net assets of $7.0m. It reported 25 employees.