NMC Inc

Analysis

NMC Inc is a registered charity in United States, based in Los Alamos, NM. It received its IRS tax-exemption ruling in May 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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, NMC Inc reported income of $18.9m and spending of $15.5m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $18.5m to $18.9m (+1.8%), an average of +0.5% a year. The sharpest change came in the year to June 2023, when income rose by 51%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, NMC Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within NM. Charities of a similar size with the same main cause include Central Queens Academy Charter School ($18.9m), The Bloomsburg University Foundation Inc ($18.9m) and Tatnall School Inc ($18.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.4% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $322k (2.1% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $13.3m against liabilities of $4.6m, net assets of $8.7m. It reported 88 employees.