Net Development Incorporated

Analysis

Net Development Incorporated is a registered charity in United States, based in Springdale, AR. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Net Development Incorporated reported income of $218k and spending of $205k, spending 94% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $218k (+306%), an average of +306% a year. The sharpest change came in the year to December 2023, when income rose by 306%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Net Development Incorporated sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 57th percentile within AR. Charities of a similar size with the same main cause include Hong Kong Democracy Council USA ($218k), American School of Madrid Foundation ($218k) and Future Forward for Haiti Inc ($218k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $141k (69% of expenses). At year end it held assets of $18k against liabilities of $6,785, net assets of $12k. It reported 2 employees.