Net of Compassion Corp

Analysis

Net of Compassion Corp is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover human services, 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 2024, Net of Compassion Corp reported income of $85k and spending of $83k, spending 97% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $967k to $85k (-91%), an average of -46% a year. The sharpest change came in the year to June 2024, when income dropped by 80%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Net of Compassion Corp sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Unity Christian Fellowship Incorporated ($85k), Breathitt County Senior Citizens Center Inc ($85k) and Dave Gallup Foundation Inc ($85k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $22k against liabilities of $22k, net assets of $0.