Networks

Analysis

Networks is a registered charity in United States, based in Starkville, MS. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Networks reported income of $116k and spending of $122k, spending 105% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $132k to $116k (-12%), an average of -12% a year. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Networks sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 42nd percentile within MS. Charities of a similar size with the same main cause include Shango Music and Dance ($116k), Harbor City Music Company Show Chorus ($116k) and Cadillac Footliters Inc ($116k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 99% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.