Danenet Inc

Analysis

Danenet Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in October 1996, 30 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, Danenet Inc reported income of $434k and spending of $403k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $409k to $434k (+6.0%), an average of +1.5% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 91% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Danenet Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within WI. Charities of a similar size with the same main cause include Youths Un-Leashed Corp ($434k), Downtown Mansfield Inc ($434k) and Collingswood Partners Inc ($434k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $74k (18% of expenses). Other salaries and wages came to $187k. At year end it held assets of $396k against liabilities of $56k, net assets of $340k. It reported 6 employees.