Communications Network

Analysis

Communications Network is a registered charity in United States, based in Naperville, IL. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Communications Network reported income of $3.7m and spending of $2.1m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.9m to $3.7m (+92%), an average of +18% a year. The sharpest change came in the year to December 2023, when income rose by 64%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Communications Network sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within IL. Charities of a similar size with the same main cause include Edison Project ($3.7m), School for Ethics and Global Leadership ($3.7m) and Siletz Valley School ($3.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $321k (15% of expenses). Other salaries and wages came to $469k. At year end it held assets of $6.0m against liabilities of $370k, net assets of $5.6m. It reported 6 employees.