Network Services

Analysis

Network Services is a registered charity in United States, based in Tacoma, WA. It received its IRS tax-exemption ruling in October 1995, 31 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Services reported income of $526k and spending of $575k, spending 109% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $506k to $526k (+3.9%), an average of +1.0% a year. The sharpest change came in the year to December 2023, when income dropped by 36%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Network Services sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 70th percentile within WA. Charities of a similar size with the same main cause include Shelby Senior Housing Inc ($526k), National Empowerment Center Inc ($526k) and Angel Land Child Care and Parent Institute ($526k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% and program service revenue 37% of the total. Compensation of current officers, directors and key employees was $140k (24% of expenses). Other salaries and wages came to $103k. At year end it held assets of $2.3m against liabilities of $1.7m, net assets of $588k. It reported 4 employees.