Net Training Institute Inc

Analysis

Net Training Institute Inc is a registered charity in United States, based in Daytona Beach, FL. It received its IRS tax-exemption ruling in February 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 (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 Training Institute Inc reported income of $1.1m and spending of $1.1m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $431k to $1.1m (+160%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Net Training Institute Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 83rd percentile within FL. Charities of a similar size with the same main cause include Elizabethtown Christian Educational Ministries ($1.1m), Higher Education TR Inc ($1.1m) and Nebraska Farm Bureau Foundation for Agriculture Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $191k (17% of expenses). Other salaries and wages came to $258k. At year end it held assets of $328k against liabilities of $50k, net assets of $278k. It reported 8 employees.