Nicb Foundation

Analysis

Nicb Foundation is a registered charity in United States, based in Oak Brook, IL. It received its IRS tax-exemption ruling in August 2001, 25 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, Nicb Foundation reported income of $595k and spending of $614k, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $447k to $595k (+33%), an average of +7.4% a year. The sharpest change came in the year to December 2020, when income rose by 31%. Over the whole period it spent 105% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nicb Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within IL. Charities of a similar size with the same main cause include Global Transpark Foundation Inc ($595k), North Fork Community Development ($595k) and Rwbid Management Company ($595k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $139k (23% of expenses). Other salaries and wages came to $257k. At year end it held assets of $1.2m against liabilities of $346k, net assets of $876k. It reported 18 employees.