Nbi-Sems Inc

Analysis

Nbi-Sems Inc is a registered charity in United States, based in Altoona, WI. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nbi-Sems Inc reported income of $20.3m and spending of $19.6m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.2m to $20.3m (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. 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, Nbi-Sems Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within WI. Charities of a similar size with the same main cause include Nevada Charter Academies ($20.3m), Learning Policy Institute ($20.3m) and Mastery Charter School-Pickett Campus ($20.3m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 97% of the total. Compensation of current officers, directors and key employees was $627k (3.2% of expenses). Other salaries and wages came to $4.9m. At year end it held assets of $31.4m against liabilities of $4.5m, net assets of $26.9m. It reported 111 employees.