Fivetwo Network

Analysis

Fivetwo Network is a registered charity in United States, based in Burnet, TX. It received its IRS tax-exemption ruling in April 2013, 13 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, Fivetwo Network reported income of $1.6m and spending of $561k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2023, when income rose by 190%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fivetwo Network sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within TX. Charities of a similar size with the same main cause include Organized Parents Make a Difference Inc ($1.6m), Legacy Christian Academy of Bowling Green Inc ($1.6m) and Spivak Educational Center Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $216k (38% of expenses). Other salaries and wages came to $108k. At year end it held assets of $1.1m against liabilities of $10k, net assets of $1.1m.