Nirmal Intellectual Property Corporation

Analysis

Nirmal Intellectual Property Corporation is a registered charity in United States, based in Ridgefield PK, NJ. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Nirmal Intellectual Property Corporation reported income of $140k and spending of $195k, spending 139% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $178k to $140k (-21%), an average of -7.7% a year. The sharpest change came in the year to June 2023, when income dropped by 25%. Over the whole period it spent 101% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Nirmal Intellectual Property Corporation sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 53rd percentile within NJ. Charities of a similar size with the same main cause include International Water and Health Alliances ($140k), Dala Development Programs ($140k) and Eleos International Ministries Inc ($140k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $226k against liabilities of $4,941, net assets of $221k.