Net-Works Inc

Analysis

Net-Works Inc is a registered charity in United States, based in Apex, NC. It received its IRS tax-exemption ruling in December 1995, 31 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Net-Works Inc reported income of $198k and spending of $190k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $287k to $198k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2021, when income dropped by 20%. Over the whole period it spent 102% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Net-Works Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include United Soccer League Associated ($198k), Saginaw Spirit Foundation Inc ($198k) and Maplewood Independant Youth Baseball League Inc ($198k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Compensation of current officers, directors and key employees was $73k (39% of expenses). Other salaries and wages came to $85k. At year end it held assets of $18k against liabilities of $1,088, net assets of $17k. It reported 3 employees.