Winston Net

Analysis

Winston Net is a registered charity in United States, based in Winston Salem, NC. It received its IRS tax-exemption ruling in June 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Winston Net reported income of $408k and spending of $359k, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $288k to $408k (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2023, when income rose by 31%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Winston Net sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Cloud Nine Charities Inc ($408k), Community Does It ($409k) and Share the Harvest Farm Inc ($408k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $86k (24% of expenses). Other salaries and wages came to $21k. At year end it held assets of $1.1m against liabilities of $56k, net assets of $1.0m. It reported 6 employees.