Nyaka Inc

Analysis

Nyaka Inc is a registered charity in United States, based in East Lansing, MI. It received its IRS tax-exemption ruling in August 2002, 24 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, Nyaka Inc reported income of $1.6m and spending of $2.0m, spending 128% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $1.6m (-17%), an average of -4.6% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 98% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Nyaka Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within MI. Charities of a similar size with the same main cause include National Alliance for Youth Sports Inc ($1.6m), East Valley Juniors Volleyball Club Inc ($1.6m) and Still Water Camps Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $206k (10% of expenses). Other salaries and wages came to $349k. At year end it held assets of $693k against liabilities of $178k, net assets of $515k. It reported 8 employees.