Church Planting Network

Analysis

Church Planting Network is a registered charity in United States, based in Carolina Beach, NC. It received its IRS tax-exemption ruling in November 2002, 24 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 June 2024, Church Planting Network reported income of $3.0m and spending of $2.6m, spending 88% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.0m to $3.0m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 78%. Over the whole period it spent 92% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Church Planting Network sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NC. Charities of a similar size with the same main cause include Friends of Anselm House ($3.0m), Cross Outreach Ministries Inc ($3.0m) and Now Outreach ($3.0m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $110k (4.2% of expenses). Other salaries and wages came to $511k. At year end it held assets of $4.1m against liabilities of $49k, net assets of $4.1m. It reported 11 employees.