Nawbo Institute for Entrepreneurial Development

Analysis

Nawbo Institute for Entrepreneurial Development is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 2004, 22 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 June 2023, Nawbo Institute for Entrepreneurial Development reported income of $400k and spending of $385k, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $190k to $400k (+110%), an average of +20% a year. The sharpest change came in the year to June 2022, when income rose by 83%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nawbo Institute for Entrepreneurial Development sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 40th percentile within DC. Charities of a similar size with the same main cause include Trend Community Development Corporation ($400k), Central Regional Tourism District Inc ($400k) and School Connect ($400k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.4% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $48k (13% of expenses). Other salaries and wages came to $186k. At year end it held assets of $700k against liabilities of $477k, net assets of $223k. It reported 2 employees.