Hendricks College Network Inc

Analysis

Hendricks College Network Inc is a registered charity in United States, based in Avon, IN. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Hendricks College Network Inc reported income of $340k and spending of $313k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $128k to $340k (+166%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 113%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Hendricks College Network Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 64th percentile within IN. Charities of a similar size with the same main cause include Upper Keys Rotary Foundation Inc ($340k), Alpha Phi Alpha Ira Dorsey Scholarship Endowment Fund Inc ($340k) and Rise-Reaching and Inspiring Success Through Education Corp ($340k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $81k (26% of expenses). Other salaries and wages came to $95k. At year end it held assets of $680k against liabilities of $528k, net assets of $152k. It reported 6 employees.