Childnet Inc

Analysis

Childnet Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in January 2002, 24 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, Childnet Inc reported income of $159.6m and spending of $158.3m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $124.6m to $159.6m (+28%), an average of +6.4% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Childnet Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within FL. Charities of a similar size with the same main cause include People Assisting the Homeless ($159.5m), Lutheran Social Service of Minnesota ($159.9m) and Food Lifeline ($157.5m).

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 $1.2m (0.8% of expenses). Other salaries and wages came to $32.1m. At year end it held assets of $30.0m against liabilities of $31.1m, net assets of -$1.0m. It reported 805 employees.