Banquet Network Inc

Analysis

Banquet Network Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in April 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Banquet Network Inc reported income of $85k and spending of $113k, spending 134% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $124k to $85k (-32%), an average of -32% a year. The sharpest change came in the year to December 2023, when income dropped by 32%. Over the whole period it spent 113% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Banquet Network Inc sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 34th percentile within MD. Charities of a similar size with the same main cause include Ornament of Grace Ministries Inc ($85k), Hope Armenia Inc ($85k) and Ministerio Profetico Rios de Agua Viva ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $5,544 against liabilities of $0, net assets of $5,544.