Namco

Analysis

Namco is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in April 2021, 5 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Namco reported income of $2.0m and spending of $2.2m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $2.0m (+510%), an average of +57% a year. The sharpest change came in the year to December 2022, when income rose by 164%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Namco sits at the 85th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within OR. Charities of a similar size with the same main cause include Southeast Kansas Coordinated Transit Council Inc ($2.0m), Boston Local Development Corp ($2.0m) and The American Venous Forum Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 37% of the total. Other salaries and wages came to $622k. At year end it held assets of $2.2m against liabilities of $758k, net assets of $1.4m. It reported 13 employees.