Nercomp Inc

Analysis

Nercomp Inc is a registered charity in United States, based in Glastonbury, CT. It received its IRS tax-exemption ruling in March 1974, 52 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Nercomp Inc reported income of $1.1m and spending of $933k, spending 87% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $743k to $1.1m (+44%), an average of +9.5% a year. The sharpest change came in the year to June 2021, when income rose by 22%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nercomp Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Prestige Institute Inc ($1.1m), Montessori Parents Co-Op for Children Inc ($1.1m) and Brazosport College Foundation ($1.1m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 91% of the total. Compensation of current officers, directors and key employees was $154k (17% of expenses). Other salaries and wages came to $154k. At year end it held assets of $5.0m against liabilities of $210k, net assets of $4.8m. It reported 3 employees.