Nazareth Inc

Analysis

Nazareth Inc is a registered charity in United States, based in Kalamazoo, MI. It received its IRS tax-exemption ruling in September 2023, 3 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Nazareth Inc reported income of $5.1m and spending of $5.2m, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $5.0m to $5.1m (+1.9%), an average of +1.9% a year. Over the whole period it spent 96% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nazareth Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Grace Tower Inc ($5.1m), McCready Manor Inc ($5.1m) and New Community Development Corporation ($5.1m).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $3.0m against liabilities of $2.5m, net assets of $478k. It reported 66 employees.