Corporate Action Network

Analysis

Corporate Action Network is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in September 2012, 14 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, Corporate Action Network reported income of $195k and spending of $185k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $97k to $195k (+101%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 119303%. Over the whole period it spent 89% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Corporate Action Network sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 29th percentile within DC. Charities of a similar size with the same main cause include Quincy Area Project General Fund ($195k), Friends of the Greenwich Senior Center Inc ($195k) and Columbiana Area Tourism Bureau ($195k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $175k against liabilities of $51k, net assets of $124k.