Network for Teaching Entrepreneurship

Analysis

Network for Teaching Entrepreneurship is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 1987, 39 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 June 2023, Network for Teaching Entrepreneurship reported income of $12.1m and spending of $12.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.1m to $12.1m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2020, when income rose by 27%. Over the whole period it spent 102% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Network for Teaching Entrepreneurship 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 94th percentile within NY. Charities of a similar size with the same main cause include Achieve Twin Cities ($12.0m), Michigan Masonic Charitable Foundation ($12.2m) and West Side Center for Community Life Inc ($12.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $796k (6.6% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $12.5m against liabilities of $2.4m, net assets of $10.1m. It reported 83 employees.