Nassans Place

Analysis

Nassans Place is a registered charity in United States, based in East Orange, NJ. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Nassans Place reported income of $328k and spending of $428k, spending 131% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income grew from $226k to $328k (+45%), an average of +20% a year. The sharpest change came in the year to December 2022, when income rose by 99%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nassans Place sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 69th percentile within NJ. Charities of a similar size with the same main cause include Atlantic Legal Foundation ($328k), The Norwalk Youth Symphony Inc ($328k) and Greater Boise Rotary Foundation Inc ($328k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $92k (22% of expenses). Other salaries and wages came to $130k. At year end it held assets of $19k against liabilities of $42k, net assets of -$22k.