Net Positive Inc

Analysis

Net Positive Inc is a registered charity in United States, based in Buffalo, NY. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Net Positive Inc reported income of $913k and spending of $532k, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $291k to $913k (+214%), an average of +33% a year. The sharpest change came in the year to December 2023, when income rose by 120%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Net Positive Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 74th percentile within NY. Charities of a similar size with the same main cause include Village at Ithaca Inc ($913k), Ripe for Revival ($913k) and Julia Day Nursery of Ansonia Inc ($913k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $48k (9.0% of expenses). Other salaries and wages came to $216k. At year end it held assets of $1.1m against liabilities of $242k, net assets of $861k. It reported 23 employees.