Th@562 Network Inc

Analysis

Th@562 Network Inc is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in October 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Th@562 Network Inc reported income of $302k and spending of $269k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $140k to $302k (+116%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Th@562 Network Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Kenkeleba House Inc ($302k), Friends of the Bandshell Inc ($302k) and Yellowstone County Museum Foundation ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 20% of the total. Compensation of current officers, directors and key employees was $203k (75% of expenses). At year end it held assets of $58k against liabilities of $0, net assets of $58k. It reported 3 employees.