Togonetwork

Analysis

Togonetwork is a registered charity in United States, based in Virginia BCH, VA. It received its IRS tax-exemption ruling in October 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 2022, Togonetwork reported income of $241k and spending of $303k, spending 125% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $209k to $241k (+16%), an average of +7.5% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Togonetwork sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within VA. Charities of a similar size with the same main cause include A Child for All ($241k), Collective Empowerment Group of South Florida Inc ($241k) and One Good Meal Inc ($241k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (26% of expenses). At year end it held assets of $106k against liabilities of $4,207, net assets of $101k. It reported 1 employees.