Nar Incorporated

Analysis

Nar Incorporated is a registered charity in United States, based in Edinburg, TX. It received its IRS tax-exemption ruling in September 2007, 19 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. 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, Nar Incorporated reported income of $6.6m and spending of $6.6m, spending 100% of its income. Across the 6 years on record, from December 2018 to December 2023, income grew from $4.4m to $6.6m (+50%), an average of +8.5% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nar Incorporated sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Capital Area Agency on Aging District II ($6.6m), Penobscot Bay YMCA ($6.6m) and Ventura County Day Care Association ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $151k (2.3% of expenses). Other salaries and wages came to $430k. At year end it held assets of $782k against liabilities of $621k, net assets of $161k. It reported 15 employees.