C-net is a 501(c)(3) organization based in State College, Pennsylvania, registered in 1988, with $502,890 in FY2024 revenue. CharityIndex grades it B.
Revenue (FY2024)
$503K
▲ 7.0% vs prior year
Arts & Culture median: $159K
Expenses (FY2024)
$467K
Net assets
$518K
Employees
—
Rated on 2 of 4 criteria — the rest aren't reported in this filing type.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for C-net— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For C-net: 13 mo reserves · +7% margin earns a A on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for C-net— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For C-net: 2 of 5 disclosure signals earns a C on this criterion. See the exact thresholds →
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Revenue grew from $435K (FY2013) to $503K (FY2024) across 12 reported years.
Financial snapshot
Operating margin
7.1%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$673K
Total liabilities
$155K
Net assets
$518K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $502,890▲7.0% | $467,109▲4.9% | $517,875▲7.4% | $673,137▲1.8% | 990 |
| 2023 | $470,035▲8.1% | $445,346▲2.2% | $482,094▲5.4% | $660,940▲1.8% | 990 |
| 2022 | $434,737▲3.8% | $435,946▲9.5% | $457,405▼0.3% | $649,264▲38.2% | 990 |
| 2021 | $418,685▲1.1% | $398,248▲1.6% | $458,614▲4.7% | $469,723▲2.9% | 990 |
| 2020 | $414,242▲13.8% | $392,034▲0.5% | $438,177▲5.3% | $456,649▲5.3% | 990 |
| 2019 | $364,079▲2.8% | $389,994▲3.6% | $415,969▼5.9% | $433,577▼5.0% | 990 |
| 2018 | $354,086▲5.7% | $376,325▲2.1% | $441,884▼4.8% | $456,309▼3.9% | 990 |
| 2017 | $334,839▲0.8% | $368,512▲2.2% | $464,123▼6.8% | $474,723▼6.6% | 990 |
| 2016 | $332,134▼2.4% | $360,625▼3.5% | $497,796▼5.4% | $508,488▼5.2% | 990 |
| 2015 | $340,239▼0.9% | $373,544▲14.2% | $526,287▼6.0% | $536,303▼6.6% | 990 |
| 2014 | $343,385▼21.0% | $327,127▲10.1% | $559,592▲3.0% | $574,235▲2.5% | 990 |
| 2013 | $434,717 | $297,175▼0.1% | $543,334▲33.9% | $560,093▲33.3% | 990 |
| 2012 | — | $297,550▼7.6% | $405,792▲4.8% | $420,143▲5.7% | 990 |
| 2011 | — | $321,855▼1.6% | $387,073▲0.3% | $397,473▲0.8% | 990 |
| 2010 | — | $327,005 | $386,000 | $394,281 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
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Data for C-net (EIN 25-1578296) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.