Indian Christian Orthodox Network Charities Inc

Analysis

Indian Christian Orthodox Network Charities Inc is a registered charity in United States, based in Bettendorf, IA. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 December 2023, Indian Christian Orthodox Network Charities Inc reported income of $126k and spending of $182k, spending 145% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $324k to $126k (-61%), an average of -21% a year. The sharpest change came in the year to December 2020, when income dropped by 54%. Over the whole period it spent 124% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Indian Christian Orthodox Network Charities Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 42nd percentile within IA. Charities of a similar size with the same main cause include Lafayette Lancer Band Boosters ($126k), Yeshuos Yaakov Inc ($126k) and Youve Got a Friend Inc ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $242k against liabilities of $242k, net assets of $0.

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.