Net-Works Laguna Beach

Analysis

Net-Works Laguna Beach is a registered charity in United States, based in Laguna Beach, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. 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, Net-Works Laguna Beach reported income of $682k and spending of $648k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $682k (+171%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 65%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Net-Works Laguna Beach sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Lanier Technical College Foundation Inc ($682k), Ballet Mississippi Inc ($682k) and The Childrens School ($682k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% of the total. Compensation of current officers, directors and key employees was $36k (5.6% of expenses). Other salaries and wages came to $172k. At year end it held assets of $81k against liabilities of $11k, net assets of $71k. It reported 19 employees.