Nami Central Iowa

Analysis

Nami Central Iowa is a registered charity in United States, based in Ames, IA. It received its IRS tax-exemption ruling in May 1989, 37 years ago. 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 June 2023, Nami Central Iowa reported income of $264k and spending of $395k, spending 149% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $208k to $264k (+27%), an average of +8.2% a year. The sharpest change came in the year to June 2021, when income rose by 66%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami Central Iowa sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 61st percentile within IA. Charities of a similar size with the same main cause include Little League Baseball Inc ($264k), Music Mends Minds Inc ($264k) and San Diego County Dental Foundation ($264k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 75% and program service revenue 24% of the total. Compensation of current officers, directors and key employees was $66k (17% of expenses). Other salaries and wages came to $172k. At year end it held assets of $242k against liabilities of $30, net assets of $242k.