Choices Network Systems Inc

Analysis

Choices Network Systems Inc is a registered charity in United States, based in Pompano Beach, FL. It received its IRS tax-exemption ruling in March 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Choices Network Systems Inc reported income of $434k and spending of $407k, spending 94% of its income. Across the 4 years on record, from June 2019 to June 2023, income fell from $716k to $434k (-39%), an average of -15% a year. The sharpest change came in the year to June 2023, when income rose by 86%. Over the whole period it spent 106% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Choices Network Systems Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include El Instituto de Orientacion Y Terapia Familiar ($433k), Western Reserve Independent Living Center Inc ($434k) and Wildwood Soup Kitchen Inc ($433k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $16k (4.0% of expenses). Other salaries and wages came to $128k. At year end it held assets of $456k against liabilities of $449k, net assets of $7,725. It reported 4 employees.