Nkwusm

Analysis

Nkwusm is a registered charity in United States, based in Arlee, MT. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Nkwusm reported income of $1.1m and spending of $1.1m, spending 101% of its income. Across the 5 years on record, from July 2019 to July 2023, income grew from $790k to $1.1m (+41%), an average of +9.0% a year. The sharpest change came in the year to July 2021, when income rose by 67%. Over the whole period it spent 91% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nkwusm sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within MT. Charities of a similar size with the same main cause include Discovery Preparatory School Inc ($1.1m), Tilden School ($1.1m) and Adams County Education Consortium ($1.1m).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 93% and program service revenue 6.9% of the total. Other salaries and wages came to $510k. At year end it held assets of $1.5m against liabilities of $46k, net assets of $1.5m. It reported 16 employees.