Heads Network Inc

Analysis

Heads Network Inc is a registered charity in United States, based in Oak Park, IL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Heads Network Inc reported income of $540k and spending of $458k, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $300k to $540k (+80%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 63%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Heads Network Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within IL. Charities of a similar size with the same main cause include Wee Disciples Christian Academy ($540k), Adams Street Foundation Inc ($541k) and New York Psychoanalytic Society & Institute ($540k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 46% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $142k (31% of expenses). At year end it held assets of $840k against liabilities of $171k, net assets of $669k. It reported 1 employees.