C-Net

Analysis

C-Net is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in November 1988, 38 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, C-Net reported income of $470k and spending of $445k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $364k to $470k (+29%), an average of +6.6% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, C-Net sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within PA. Charities of a similar size with the same main cause include Afrikin Foundation Inc ($470k), Trickster Art Gallery ($470k) and WR Arts Inc ($470k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $88k (20% of expenses). Other salaries and wages came to $180k. At year end it held assets of $661k against liabilities of $179k, net assets of $482k. It reported 8 employees.