Nicaragua Initiative for Community Advancement Inc

Analysis

Nicaragua Initiative for Community Advancement Inc is a registered charity in United States, based in Addison, TX. It received its IRS tax-exemption ruling in June 2006, 20 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 December 2023, Nicaragua Initiative for Community Advancement Inc reported income of $196k and spending of $381k, spending 194% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $23k to $196k (+748%), an average of +71% a year. The sharpest change came in the year to December 2021, when income rose by 284%. Over the whole period it spent 307% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Nicaragua Initiative for Community Advancement Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within TX. Charities of a similar size with the same main cause include Belady US an Island for Humanity ($196k), Medical Missions International Inc ($196k) and Hospitality Committee for United Nations Delegations Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 107% of the total. At year end it held assets of $509k against liabilities of $23k, net assets of $486k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.