Halo Network Inc

Analysis

Halo Network Inc is a registered charity in United States, based in Amityville, NY. It received its IRS tax-exemption ruling in October 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Halo Network Inc reported income of $31.9m and spending of $30.9m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.2m to $31.9m (+75%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 26%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Halo Network Inc 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 98th percentile, and in the 97th percentile within NY. Charities of a similar size with the same main cause include McLean School of Maryland Inc ($31.9m), Hope International University ($31.9m) and Flintridge Preparatory School ($31.8m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $517k (1.7% of expenses). Other salaries and wages came to $14.6m. At year end it held assets of $33.9m against liabilities of $28.1m, net assets of $5.8m. It reported 862 employees.