Nursing Practice Corporation

Analysis

Nursing Practice Corporation is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 September 2023, Nursing Practice Corporation reported income of $2.9m and spending of $2.8m, spending 97% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.5m to $2.9m (+14%), an average of +3.4% a year. The sharpest change came in the year to September 2021, when income rose by 104%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nursing Practice Corporation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within MI. Charities of a similar size with the same main cause include State Financial Officers Foundation Inc ($2.9m), Swallowtail School Inc ($2.9m) and Downtown Montessori Academy Inc ($2.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 82% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $331k (12% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $5.9m against liabilities of $886k, net assets of $5.0m. It reported 59 employees.