NSB Inc

Analysis

NSB Inc is a registered charity in United States, based in Reading, MA. It received its IRS tax-exemption ruling in April 2012, 14 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, NSB Inc reported income of $833k and spending of $808k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $489k to $833k (+70%), an average of +14% a year. The sharpest change came in the year to December 2021, when income rose by 62%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, NSB Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Arabia Mountain Heritage Area Alliance ($833k), Syracuse Children Theatre Inc ($833k) and Muslim American Society of Greater LA ($833k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $177k (22% of expenses). Other salaries and wages came to $222k. At year end it held assets of $454k against liabilities of $297k, net assets of $157k. It reported 30 employees.