Petros Network

Analysis

Petros Network is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Petros Network reported income of $1.2m and spending of $2.2m, spending 185% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.5m to $1.2m (-22%), an average of -6.0% a year. The sharpest change came in the year to December 2022, when income dropped by 50%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Petros Network sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 82nd percentile within OR. Charities of a similar size with the same main cause include Power Foundation Inc ($1.2m), Oak Grove Christian Ministries ($1.2m) and Light to the Nations Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $249k (11% of expenses). Other salaries and wages came to $431k. At year end it held assets of $5.9m against liabilities of $310k, net assets of $5.6m. It reported 11 employees.