Nami of Connecticut Incorporated

Analysis

Nami of Connecticut Incorporated is a registered charity in United States, based in New Britain, CT. It received its IRS tax-exemption ruling in June 1986, 40 years ago. 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, Nami of Connecticut Incorporated reported income of $831k and spending of $841k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $848k to $831k (-2.1%), an average of -0.5% a year. The sharpest change came in the year to June 2022, when income dropped by 24%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami of Connecticut Incorporated sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within CT. Charities of a similar size with the same main cause include Fox Valley Montessori School Inc ($831k), Avon Atheletic Boosters Club Inc ($831k) and Child Development Council Inc ($830k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $471k. At year end it held assets of $771k against liabilities of $336k, net assets of $436k. It reported 8 employees.