Verge Network

Analysis

Verge Network is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in July 2020, 6 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 August 2023, Verge Network reported income of $120k and spending of $173k, spending 144% of what it took in. Across the 4 years on record, from August 2020 to August 2023, income fell from $352k to $120k (-66%), an average of -30% a year. The sharpest change came in the year to August 2021, when income dropped by 35%. Over the whole period it spent 96% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Verge Network sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 44th percentile within GA. Charities of a similar size with the same main cause include Iglesia Bautista Libertad ($120k), Thrasher Ministries Inc ($120k) and Ministerio Profetico Avivamiento Sobrenatural Del Poder de Dios ($120k).

On its Form 990 for the period ending August 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $42k against liabilities of $0, net assets of $42k.