Net Increase Foundation Inc

Analysis

Net Increase Foundation Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in September 2016, 10 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, Net Increase Foundation Inc reported income of $686k and spending of $675k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $484k to $686k (+42%), an average of +9.1% a year. The sharpest change came in the year to December 2021, when income rose by 61%. Over the whole period it spent 90% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Net Increase Foundation Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 79th percentile within TX. Charities of a similar size with the same main cause include Young Disciples ($686k), Teen Feed ($687k) and Youth with a Mission Yosemite ($686k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.4% of the total. Compensation of current officers, directors and key employees was $205k (30% of expenses). At year end it held assets of $906k against liabilities of $24k, net assets of $882k. It reported 1 employees.