Successful Practices Network Inc

Analysis

Successful Practices Network Inc is a registered charity in United States, based in Ballston Spa, NY. It received its IRS tax-exemption ruling in August 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Successful Practices Network Inc reported income of $7.3m and spending of $5.9m, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $7.3m (+92%), an average of +18% a year. The sharpest change came in the year to December 2022, when income rose by 51%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Successful Practices Network Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Palm Bay Education Group Inc ($7.3m), Core Charter Schools ($7.3m) and California State University Dominguez Hills Philanthropic Foun ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 29% and program service revenue 70% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $4.3m against liabilities of $306k, net assets of $4.0m. It reported 23 employees.