Pride Network Inc

Analysis

Pride Network Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in November 2012, 14 years ago. Its declared purposes cover civil rights, social action and advocacy, which this site groups under human rights and equality. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Pride Network Inc reported income of $100k and spending of $159k, spending 158% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $126k to $100k (-20%), an average of -20% a year. The sharpest change came in the year to December 2023, when income dropped by 20%. Over the whole period it spent 123% of the income it received.

Among 9,611 United States charities whose main cause is human rights and equality and that reported income, Pride Network Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 45th percentile within NJ. Charities of a similar size with the same main cause include Valkyrie Gives ($100k), Liberation Journeys ($100k) and Edu4life Inc ($100k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $8,791 against liabilities of $0, net assets of $8,791.