Network Housing 2005 Inc

Analysis

Network Housing 2005 Inc is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in January 2007, 19 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Network Housing 2005 Inc reported income of $140k and spending of $324k, spending 232% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $146k to $140k (-4.5%), an average of -1.1% a year. Over the whole period it spent 171% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Network Housing 2005 Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within OH. Charities of a similar size with the same main cause include Country Place of Pierz ($140k), Heritage Place of Indianapolis Inc ($140k) and Project Own Inc ($140k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 73% and program service revenue 27% of the total. At year end it held assets of $995k against liabilities of $571k, net assets of $424k.

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.