Networx Ministries International

Analysis

Networx Ministries International is a registered charity in United States, based in Amarillo, TX. It received its IRS tax-exemption ruling in August 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 December 2023, Networx Ministries International reported income of $550k and spending of $526k, spending 96% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $280k to $550k (+97%), an average of +40% a year. The sharpest change came in the year to December 2022, when income rose by 62%. Over the whole period it spent 95% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Networx Ministries International sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Eagle Projects International Inc ($550k), Genesis Covering Ministries ($550k) and Pro Ecclesia Sancta of California ($550k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 7.7% of the total. Compensation of current officers, directors and key employees was $34k (6.4% of expenses). At year end it held assets of $128k against liabilities of $80k, net assets of $48k. It reported 1 employees.