Far East Broadcasting Company

Analysis

Far East Broadcasting Company is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in September 1946, 80 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Far East Broadcasting Company reported income of $15.0m and spending of $16.2m, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $12.1m to $15.0m (+25%), an average of +5.6% a year. The sharpest change came in the year to June 2022, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Far East Broadcasting Company sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Gods World Publications Inc ($14.9m), Three Angels Broadcasting Network Inc ($15.1m) and Angel Ministries ($14.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 78% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $594k (3.7% of expenses). Other salaries and wages came to $2.8m. It paid $86k in professional fundraising fees. At year end it held assets of $20.5m against liabilities of $3.3m, net assets of $17.2m. It reported 52 employees.