Nephronet Inc

Analysis

Nephronet Inc is a registered charity in United States, based in Lawrenceville, GA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nephronet Inc reported income of $4.4m and spending of $4.2m, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $420k to $4.4m (+939%), an average of +118% a year. The sharpest change came in the year to December 2022, when income rose by 392%. Over the whole period it spent 96% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nephronet Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within GA. Charities of a similar size with the same main cause include Florida Lions Eye Bank Inc ($4.4m), West Branch Drug & Alcohol Abuse Commission Inc ($4.4m) and Miami Jewish Health Systems Foundation Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $135k. At year end it held assets of $560k against liabilities of $562k, net assets of -$1,492.