Nerve Inc-Hpd

Analysis

Nerve Inc-Hpd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 1980, 46 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 June 2023, Nerve Inc-Hpd reported income of $1.1m and spending of $1.6m, spending 139% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.2m to $1.1m (-1.6%), an average of -0.4% a year. The sharpest change came in the year to June 2022, when income rose by 95%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nerve Inc-Hpd sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Business Training Institute Inc ($1.1m), Ascentria Care Alliance Inc ($1.1m) and Puget Sound Community School ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 8.3% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $84k (5.3% of expenses). Other salaries and wages came to $321k. At year end it held assets of $2.7m against liabilities of $1.1m, net assets of $1.6m. It reported 17 employees.