Network Angels Inc

Analysis

Network Angels Inc is a registered charity in United States, based in Quincy, MA. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Network Angels Inc reported income of $233k and spending of $309k, spending 133% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $95k to $233k (+144%), an average of +25% a year. The sharpest change came in the year to September 2021, when income rose by 209%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Network Angels Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 60th percentile within MA. Charities of a similar size with the same main cause include Reconciliation Place ($233k), S L I McLaughlin House Inc ($233k) and Sida Family Foundation ($233k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $541k against liabilities of $9,807, net assets of $531k.