Net Resource Foundation

Analysis

Net Resource Foundation is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in July 2016, 10 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 December 2023, Net Resource Foundation reported income of $234k and spending of $158k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $153k to $234k (+53%), an average of +53% a year. The sharpest change came in the year to December 2023, when income rose by 53%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Net Resource Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within TN. Charities of a similar size with the same main cause include Hispanic Alliance of Southeastern Connecticut Inc ($234k), Parkslope Neighborhood Family Center Inc ($234k) and Lift Up Atlanta Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $31k (20% of expenses). Other salaries and wages came to $28k. At year end it held assets of $148k against liabilities of $1,025, net assets of $147k. It reported 5 employees.