New Tech Network Inc

Analysis

New Tech Network Inc is a registered charity in United States, based in Napa, CA. It received its IRS tax-exemption ruling in May 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 2023, New Tech Network Inc reported income of $8.6m and spending of $13.3m, spending 156% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $12.1m to $8.6m (-29%), an average of -8.3% a year. The sharpest change came in the year to June 2023, when income dropped by 43%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, New Tech Network Inc 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 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Sterne School ($8.6m), Cuyahoga Community College Foundati ($8.6m) and St Johns Community Services - Pennsylvania ($8.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 31% and program service revenue 66% of the total. Compensation of current officers, directors and key employees was $1.4m (10% of expenses). Other salaries and wages came to $6.0m. At year end it held assets of $8.6m against liabilities of $2.9m, net assets of $5.7m. It reported 97 employees.