Christnet

Analysis

Christnet is a registered charity in United States, based in Taylor, MI. It received its IRS tax-exemption ruling in August 1993, 33 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Christnet reported income of $270k and spending of $231k, spending 86% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $335k to $270k (-19%), an average of -5.2% a year. The sharpest change came in the year to June 2022, when income dropped by 19%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Christnet sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within MI. Charities of a similar size with the same main cause include Moving Waters ($270k), Christian Community Services Inc ($270k) and Traverse Life Center ($270k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $50k (22% of expenses). At year end it held assets of $403k against liabilities of $0, net assets of $403k. It reported 5 employees.