Business and Education Network Inc

Analysis

Business and Education Network Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Business and Education Network Inc reported income of $198k and spending of $348k, spending 175% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $220k to $198k (-10%), an average of -2.6% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 128% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Business and Education Network Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within KY. Charities of a similar size with the same main cause include 25045-A New Clendenin Inc ($198k), The Connecticut Renaissance Fund Inc ($198k) and Main Street Altus Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $129k. At year end it held assets of $603k against liabilities of $24k, net assets of $579k.