Nonpareil Institute

Analysis

Nonpareil Institute is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in May 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Nonpareil Institute reported income of $5.9m and spending of $5.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.8m to $5.9m (+55%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nonpareil Institute sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Bossier Office of Community Services Inc ($5.9m), Aspiritech NFP ($5.9m) and Partners for Quality Inc ($5.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $181k (3.0% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $4.8m against liabilities of $5.8m, net assets of -$1.0m. It reported 107 employees.