Network 20 20 Inc

Analysis

Network 20 20 Inc is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 June 2023, Network 20 20 Inc reported income of $740k and spending of $816k, spending 110% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $324k to $740k (+128%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 86%. Over the whole period it spent 106% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Network 20 20 Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include American Friends of Kollel Bais Yechiel Esformes Inc ($739k), Living Hope International Inc ($741k) and Genesis International Orphanage Foundation ($739k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. Compensation of current officers, directors and key employees was $99k (12% of expenses). Other salaries and wages came to $239k. At year end it held assets of $86k against liabilities of $179k, net assets of -$93k. It reported 3 employees.