Nan Shan Local Development Corp

Analysis

Nan Shan Local Development Corp is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nan Shan Local Development Corp reported income of $1.5m and spending of $1.8m, spending 114% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $1.5m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 21%. Over the whole period it spent 134% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nan Shan Local Development Corp sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 80th percentile within NY. Charities of a similar size with the same main cause include Maine Immigrant & Refugee Services ($1.5m), Advocates for Recovery Colorado ($1.5m) and Learnup Centers ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 96% of the total. Other salaries and wages came to $254k. At year end it held assets of $19.9m against liabilities of $19.8m, net assets of $102k.

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.