Net Works Cooperative Ministry Inc

Analysis

Net Works Cooperative Ministry Inc is a registered charity in United States, based in Tucker, GA. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Net Works Cooperative Ministry Inc reported income of $1.2m and spending of $1.1m, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $198k to $1.2m (+484%), an average of +56% a year. The sharpest change came in the year to December 2020, when income rose by 670%. Over the whole period it spent 87% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Net Works Cooperative Ministry Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 84th percentile within GA. Charities of a similar size with the same main cause include Harvestnet International ($1.2m), Saint John Henry Newman Institute ($1.2m) and Merkos L Inyounei Chinuch Lubavitch of Indiana Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $191k (17% of expenses). Other salaries and wages came to $112k. At year end it held assets of $1.2m against liabilities of $337k, net assets of $900k. It reported 8 employees.