Network2work USA

Analysis

Network2work USA is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Network2work USA reported income of $303k and spending of $78k, leaving 74% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $150k to $303k (+102%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 102%. Over the whole period it spent 18% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Network2work USA sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 61st percentile within VA. Charities of a similar size with the same main cause include Snow Approach Foundation Inc ($302k), Foundation for Community Betterment ($303k) and Institute for Senior Living ($302k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $372k against liabilities of $0, net assets of $372k.