Nichols Improvement Assoc Inc

Analysis

Nichols Improvement Assoc Inc is a registered charity in United States, based in Trumbull, CT. It received its IRS tax-exemption ruling in December 1958, 68 years ago. 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, Nichols Improvement Assoc Inc reported income of $212k and spending of $182k, spending 86% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $153k to $212k (+38%), an average of +8.5% a year. The sharpest change came in the year to December 2021, when income rose by 154%. Over the whole period it spent 76% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nichols Improvement Assoc Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within CT. Charities of a similar size with the same main cause include Christ Lutheran Church ($212k), PTA North Carolina Congress ($212k) and Little League Baseball Inc ($212k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 24% and program service revenue 64% of the total. At year end it held assets of $1.3m against liabilities of $1,200, net assets of $1.3m.