Nami Coastal Virginia

Analysis

Nami Coastal Virginia is a registered charity in United States, based in Virginia Beach, VA. It received its IRS tax-exemption ruling in December 2001, 25 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 2024, Nami Coastal Virginia reported income of $266k and spending of $163k, leaving 38% of income unspent that year. Across the 6 years on record, from June 2019 to June 2024, income grew from $67k to $266k (+299%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 68%. Over the whole period it spent 65% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami Coastal Virginia sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 59th percentile within VA. Charities of a similar size with the same main cause include Israel Cancer Association USA ($266k), Trumbull American Little League ($266k) and Kcef Foundation Inc ($266k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 115% of the total. Other salaries and wages came to $85k. At year end it held assets of $425k against liabilities of $59k, net assets of $366k. It reported 4 employees.