Demos a Network for Ideas and Action Ltd

Analysis

Demos a Network for Ideas and Action Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 2024, Demos a Network for Ideas and Action Ltd reported income of $5.7m and spending of $9.6m, spending 169% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $10.6m to $5.7m (-46%), an average of -14% a year. The sharpest change came in the year to June 2023, when income rose by 82%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Demos a Network for Ideas and Action Ltd sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include A Place Called Home ($5.7m), United Cerebral Palsy Association of Eastern Connecticut Inc ($5.7m) and Cny Works Inc ($5.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $1.5m (15% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $12.5m against liabilities of $4.1m, net assets of $8.4m. It reported 43 employees.