Mt Airy Net Inc

Analysis

Mt Airy Net Inc is a registered charity in United States, based in Mount Airy, MD. It received its IRS tax-exemption ruling in June 1994, 32 years ago. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mt Airy Net Inc reported income of $221k and spending of $235k, spending 106% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $227k to $221k (-2.6%), an average of -0.9% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 71% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Mt Airy Net Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 56th percentile within MD. Charities of a similar size with the same main cause include New Hartford Marching Band Parents Inc New Hartford Central H S ($221k), First Baptist Foundation Inc ($221k) and North-South Consonance Inc ($221k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $25k. At year end it held assets of $289k against liabilities of $0, net assets of $289k. It reported 2 employees.