Korean Christain Bradcasting Network

Analysis

Korean Christain Bradcasting Network is a registered charity in United States, based in Rowland HGHTS, CA. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Korean Christain Bradcasting Network reported income of $95k and spending of $97k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $157k to $95k (-40%), an average of -12% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 105% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Korean Christain Bradcasting Network sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Passport for Godly Living Inc ($95k), Mecca 20-20 ($95k) and Montana Mission Inc ($95k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (37% of expenses). Other salaries and wages came to $27k. At year end it held assets of $11k against liabilities of $2,692, net assets of $8,782. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.