Nicsa Inc

Analysis

Nicsa Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in September 2000, 26 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 March 2024, Nicsa Inc reported income of $2.2m and spending of $2.2m, spending 101% of its income. Across the 5 years on record, from March 2020 to March 2024, income fell from $2.8m to $2.2m (-21%), an average of -5.8% a year. The sharpest change came in the year to March 2021, when income dropped by 36%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nicsa Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include George Junior Republic Realty ($2.2m), College Foundation at Delhi Inc ($2.2m) and Indiana Association of School Principals Inc ($2.2m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 2.9% and program service revenue 97% of the total. Compensation of current officers, directors and key employees was $477k (21% of expenses). Other salaries and wages came to $771k. At year end it held assets of $1.4m against liabilities of $834k, net assets of $607k. It reported 10 employees.