Nicaragua Resource Network Inc

Analysis

Nicaragua Resource Network Inc is a registered charity in United States, based in Westfield, IN. It received its IRS tax-exemption ruling in August 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 December 2023, Nicaragua Resource Network Inc reported income of $1.6m and spending of $1.4m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.7m to $1.6m (-3.5%), an average of -0.9% a year. The sharpest change came in the year to December 2022, when income dropped by 15%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Nicaragua Resource Network Inc 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 84th percentile, and in the 85th percentile within IN. Charities of a similar size with the same main cause include Association for the Advancement of International Education ($1.6m), Mylifespeaks ($1.6m) and Pilgrim ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $892k against liabilities of $214, net assets of $892k.