Financial Executives Networking Group Inc

Analysis

Financial Executives Networking Group Inc is a registered charity in United States, based in Weston, CT. It received its IRS tax-exemption ruling in August 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Financial Executives Networking Group Inc reported income of $431k and spending of $467k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $424k to $431k (+1.5%), an average of +0.4% a year. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Financial Executives Networking Group Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 65th percentile within CT. Charities of a similar size with the same main cause include Virginia Highlands Small Business Incubator ($431k), Styles for Kidz NFP ($431k) and Lake Oswego Rowing Club Foundation ($430k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $228k. At year end it held assets of $105k against liabilities of $0, net assets of $105k. It reported 7 employees.