Nami Cape Cod Inc

Analysis

Nami Cape Cod Inc is a registered charity in United States, based in Hyannis, MA. It received its IRS tax-exemption ruling in May 1983, 43 years ago. 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 December 2023, Nami Cape Cod Inc reported income of $595k and spending of $625k, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $557k to $595k (+6.8%), an average of +1.7% a year. The sharpest change came in the year to December 2021, when income rose by 33%. Over the whole period it spent 108% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami Cape Cod Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MA. Charities of a similar size with the same main cause include Agricultural Development Fund ($595k), Winchester Cooperative Nursery School Inc ($595k) and Serenity Inc ($595k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 60% of the total. Other salaries and wages came to $139k. At year end it held assets of $248k against liabilities of $46k, net assets of $202k. It reported 6 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.