Web Network of Benefits Professionals

Analysis

Web Network of Benefits Professionals is a registered charity in United States, based in Madison, OH. It received its IRS tax-exemption ruling in October 1989, 37 years ago. 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, Web Network of Benefits Professionals reported income of $126k and spending of $137k, spending 108% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $222k to $126k (-43%), an average of -13% a year. The sharpest change came in the year to June 2023, when income dropped by 26%. Over the whole period it spent 105% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Web Network of Benefits Professionals sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 43rd percentile within OH. Charities of a similar size with the same main cause include Clear Lake Yacht Club Sailing School Inc ($126k), PTA Tennessee Congress of Parents & Teachers Inc ($126k) and PTA California Congress of Parents Teachers & Students Inc ($126k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $196k against liabilities of $0, net assets of $196k.