Nanog Inc

Analysis

Nanog Inc is a registered charity in United States, based in Ann Arbor, MI. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Nanog Inc reported income of $3.3m and spending of $3.9m, spending 118% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $3.8m to $3.3m (-12%), an average of -3.2% a year. The sharpest change came in the year to December 2022, when income rose by 97%. Over the whole period it spent 114% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nanog Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within MI. Charities of a similar size with the same main cause include Warehouse Worker Resource Center ($3.3m), New Directions for Youth Inc ($3.3m) and Mass Mentoring Partnership Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 44% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $244k (6.2% of expenses). Other salaries and wages came to $717k. At year end it held assets of $3.6m against liabilities of $806k, net assets of $2.8m. It reported 8 employees.

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.