Nourishnc Inc

Analysis

Nourishnc Inc is a registered charity in United States, based in Wilmington, NC. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover food, agriculture and nutrition, 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 June 2024, Nourishnc Inc reported income of $2.2m and spending of $1.7m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.4m to $2.2m (+59%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 41%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nourishnc Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within NC. Charities of a similar size with the same main cause include Y W C a of Bucks County ($2.2m), Pittsburgh Community Services Inc ($2.2m) and Whitfield County Dalton Day Care Center Inc ($2.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $105k (6.2% of expenses). Other salaries and wages came to $230k. At year end it held assets of $3.5m against liabilities of $64k, net assets of $3.5m. It reported 6 employees.