Networkpeninsula

Analysis

Networkpeninsula is a registered charity in United States, based in Newport News, VA. It received its IRS tax-exemption ruling in June 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, Networkpeninsula reported income of $177k and spending of $168k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $106k to $177k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Networkpeninsula sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 51st percentile within VA. Charities of a similar size with the same main cause include Ghana Friendship Project ($177k), Equitable ($177k) and Latino Youth Collective of Indiana ($177k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 23% of the total. At year end it held assets of $46k against liabilities of $7,973, net assets of $38k.