Networks for Training and Development

Analysis

Networks for Training and Development is a registered charity in United States, based in Willow Grove, PA. It received its IRS tax-exemption ruling in September 1994, 32 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Networks for Training and Development reported income of $1.9m and spending of $1.9m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.9m (+65%), an average of +13% a year. The sharpest change came in the year to June 2023, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Networks for Training and Development sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include University District Community Development Association Inc ($1.9m), Walnut Hills Redevelopment Foundation Inc ($1.9m) and Gwi Services Inc ($1.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $223k (12% of expenses). Other salaries and wages came to $552k. At year end it held assets of $1.1m against liabilities of $693k, net assets of $427k. It reported 16 employees.