Networking Plus Inc

Analysis

Networking Plus Inc is a registered charity in United States, based in Chatsworth, CA. It received its IRS tax-exemption ruling in October 2015, 11 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Networking Plus Inc reported income of $65k and spending of $60k, spending 92% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $50k to $65k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 104% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Networking Plus Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 28th percentile within CA. Charities of a similar size with the same main cause include Whitney Barns Group ($65k), Fulton Neighborhood Association C/O Jerry Smrekar ($65k) and Palestine Development Association ($65k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% of the total. At year end it held assets of $13k against liabilities of $0, net assets of $13k.