Micro Nonprofit Network

Analysis

Micro Nonprofit Network is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in March 2016, 10 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending January 2024, Micro Nonprofit Network reported income of $143k and spending of $97k, leaving 32% of income unspent that year. Across the 4 years on record, from January 2021 to January 2024, income fell from $308k to $143k (-54%), an average of -23% a year. The sharpest change came in the year to January 2022, when income rose by 252%. Over the whole period it spent 93% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Micro Nonprofit Network 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 46th percentile, and in the 45th percentile within VA. Charities of a similar size with the same main cause include Mystic Force Foundation ($143k), Renaissance 21 ($143k) and Fenwick Improvement Fund Inc ($143k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $22k (23% of expenses). Other salaries and wages came to $7,589. At year end it held assets of $134k against liabilities of $12k, net assets of $122k.