Acts 2 Network Inc

Analysis

Acts 2 Network Inc is a registered charity in United States, based in Suffolk, VA. It received its IRS tax-exemption ruling in July 2008, 18 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 2023, Acts 2 Network Inc reported income of $82k and spending of $296k, spending 362% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $74k to $82k (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 633%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Acts 2 Network Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 31st percentile within VA. Charities of a similar size with the same main cause include Eglise Evangelique Baptiste de Siloe ($82k), Kings Wings Inc ($82k) and Tamkeen ($82k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $24k (8.3% of expenses). Other salaries and wages came to $4,800. At year end it held assets of $99k against liabilities of $459, net assets of $99k. It reported 2 employees.