Network of Community Ministries Inc

Analysis

Network of Community Ministries Inc is a registered charity in United States, based in Richardson, TX. It received its IRS tax-exemption ruling in December 1985, 41 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 2024, Network of Community Ministries Inc reported income of $10.7m and spending of $10.7m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $3.2m to $10.7m (+238%), an average of +28% a year. The sharpest change came in the year to June 2020, when income rose by 115%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Network of Community Ministries Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Another Step Inc ($10.7m), Safe Nest Temporary Assistance for Domestic Crisis Inc ($10.7m) and Their Place Inc ($10.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $267k (2.5% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $7.9m against liabilities of $252k, net assets of $7.6m. It reported 31 employees.