Nello Memorial Committee Inc

Analysis

Nello Memorial Committee Inc is a registered charity in United States, based in Blue Bell, PA. It received its IRS tax-exemption ruling in March 1994, 32 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 July 2023, Nello Memorial Committee Inc reported income of $58k and spending of $72k, spending 124% of what it took in. Across the 5 years on record, from July 2019 to July 2023, income fell from $68k to $58k (-15%), an average of -3.9% a year. The sharpest change came in the year to July 2022, when income rose by 653%. Over the whole period it spent 138% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nello Memorial Committee Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 21st percentile within PA. Charities of a similar size with the same main cause include National Federation of the Blind of Louisiana Inc ($58k), Dunsmore Elementary School Foundation ($58k) and Alaska Historical Society ($58k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $6,606 against liabilities of $0, net assets of $6,606.