Network of Caring Inc

Analysis

Network of Caring Inc is a registered charity in United States, based in Suwanee, GA. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Network of Caring Inc reported income of $191k and spending of $196k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $234k to $191k (-18%), an average of -4.9% a year. The sharpest change came in the year to December 2020, when income dropped by 30%. Over the whole period it spent 117% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Network of Caring Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 56th percentile within GA. Charities of a similar size with the same main cause include Good Samaritan Project of Haiti Inc ($191k), Secure Families Foundation ($191k) and Foundation for International Education in Neurological Surgery ($191k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $47k against liabilities of $498, net assets of $47k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.