Underground Network Incorporated

Analysis

Underground Network Incorporated is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2022, Underground Network Incorporated reported income of $808k and spending of $832k, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.3m to $808k (-37%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. Over the whole period it spent 116% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Underground Network Incorporated sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 79th percentile within FL. Charities of a similar size with the same main cause include Trinitarian Bible Society ($808k), Africa Development Mission ($808k) and Grace on Wings Incorporated ($808k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $44k (5.3% of expenses). Other salaries and wages came to $261k. At year end it held assets of $343k against liabilities of $0, net assets of $343k. It reported 10 employees.