Neighborhood Charter Network Inc

Analysis

Neighborhood Charter Network Inc is a registered charity in United States, based in Indianapolis, IN. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Neighborhood Charter Network Inc reported income of $10.1m and spending of $9.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.0m to $10.1m (+12%), an average of +2.9% a year. The sharpest change came in the year to June 2023, when income dropped by 42%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Neighborhood Charter Network Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within IN. Charities of a similar size with the same main cause include Paideia Academies Inc ($10.1m), Pittsburg State University Foundation Inc ($10.1m) and Open Library of Richmond Inc ($10.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 0.0% of the total. Other salaries and wages came to $4.7m. At year end it held assets of $9.2m against liabilities of $816k, net assets of $8.4m. It reported 168 employees.