The Funders Network Inc

Analysis

The Funders Network Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 June 2024, The Funders Network Inc reported income of $4.4m and spending of $5.0m, spending 114% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $7.9m to $4.4m (-45%), an average of -14% a year. The sharpest change came in the year to June 2021, when income dropped by 35%. Over the whole period it spent 96% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, The Funders Network Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Tilth Alliance ($4.4m), Save the Bay ($4.4m) and Tampa Bay History Center Inc ($4.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 91% and program service revenue 7.9% of the total. Compensation of current officers, directors and key employees was $332k (6.7% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $5.2m against liabilities of $689k, net assets of $4.5m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.