Netsanet Ministries Inc

Analysis

Netsanet Ministries Inc is a registered charity in United States, based in Ponte Vedra, FL. It received its IRS tax-exemption ruling in February 2017, 9 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Netsanet Ministries Inc reported income of $285k and spending of $223k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $239k to $285k (+19%), an average of +19% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 90% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Netsanet Ministries Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Nivas Inc ($285k), Junior Achievement of the Desert Southwest ($285k) and Yeabe Medical Center and Rehabilitation Ltd ($285k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $77k against liabilities of $0, net assets of $77k.