Nicaworks

Analysis

Nicaworks is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in October 2023, 3 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Nicaworks reported income of $253k and spending of $251k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $253k (+104%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 105%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Nicaworks sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 58th percentile within VA. Charities of a similar size with the same main cause include International College of Dentists USA Section Foundation Inc ($253k), Health Outreach Foundation ($253k) and Kids Care Everywhere ($253k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $63k against liabilities of $0, net assets of $63k.