Student Support Network Inc

Analysis

Student Support Network Inc is a registered charity in United States, based in Timonium, MD. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2023, Student Support Network Inc reported income of $1.1m and spending of $1.1m, spending 94% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $224k to $1.1m (+411%), an average of +50% a year. The sharpest change came in the year to June 2021, when income rose by 982%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Student Support Network Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within MD. Charities of a similar size with the same main cause include Grayson County Alliance Inc ($1.1m), 2800 American Street Company ($1.1m) and Marion County Council on Aging Inc ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Compensation of current officers, directors and key employees was $81k (7.5% of expenses). Other salaries and wages came to $75k. It paid $18k in professional fundraising fees. At year end it held assets of $941k against liabilities of $68k, net assets of $873k. It reported 5 employees.