Comforters Network Inc

Analysis

Comforters Network Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 2023, Comforters Network Inc reported income of $225k and spending of $90k, leaving 60% of income unspent that year. Across the 3 years on record, from June 2021 to June 2023, income grew from $190k to $225k (+19%), an average of +8.9% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 23% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Comforters 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 56th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include 2 Becoming 1 Global Inc ($225k), Asian American Christian Collaborative ($225k) and New England Institute of Religious Research Inc ($225k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $486k against liabilities of $1,000, net assets of $485k.