Nigerian-American Multi-Service Association Namsa Inc

Analysis

Nigerian-American Multi-Service Association Namsa Inc is a registered charity in United States, based in Hyde Park, MA. It received its IRS tax-exemption ruling in February 2006, 20 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, Nigerian-American Multi-Service Association Namsa Inc reported income of $84k and spending of $114k, spending 136% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $165k to $84k (-49%), an average of -49% a year. The sharpest change came in the year to December 2023, when income dropped by 49%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nigerian-American Multi-Service Association Namsa Inc sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 40th percentile within MA. Charities of a similar size with the same main cause include Jones Carter Foundation ($84k), Restore Place Inc ($84k) and Tiara Straightened ($84k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.