Foundation for Creative Broadcasting Inc

Analysis

Foundation for Creative Broadcasting Inc is a registered charity in United States, based in Tucson, AZ. It received its IRS tax-exemption ruling in July 1981, 45 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 September 2023, Foundation for Creative Broadcasting Inc reported income of $1.3m and spending of $1.2m, spending 90% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.1m to $1.3m (+24%), an average of +5.6% a year. The sharpest change came in the year to September 2023, when income rose by 23%. Over the whole period it spent 86% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Foundation for Creative Broadcasting Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within AZ. Charities of a similar size with the same main cause include Sundog Theater Inc ($1.3m), McLean Project for the Arts Inc ($1.3m) and The Antiquarian & Landmarks Society Inc ($1.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $92k (7.9% of expenses). Other salaries and wages came to $478k. At year end it held assets of $1.9m against liabilities of $468k, net assets of $1.4m. It reported 12 employees.