Network Ministries

Analysis

Network Ministries is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in June 1982, 44 years ago. 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, Network Ministries reported income of $188k and spending of $217k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $218k to $188k (-14%), an average of -3.6% a year. The sharpest change came in the year to December 2022, when income dropped by 23%. Over the whole period it spent 84% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Network Ministries sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within CO. Charities of a similar size with the same main cause include Fosters-Ralph Volunteer Fire Department Inc ($188k), Friends of Lake Forest Library Inc ($188k) and Bald Knob Cross of Peace ($188k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $352k against liabilities of $6,584, net assets of $346k.