Nigerian American Multicultural Center Namc Inc

Analysis

Nigerian American Multicultural Center Namc Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in August 2011, 15 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, Nigerian American Multicultural Center Namc Inc reported income of $86k and spending of $67k, leaving 22% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $84k to $86k (+1.8%), an average of +0.4% a year. The sharpest change came in the year to December 2022, when income rose by 77%. Over the whole period it spent 70% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Nigerian American Multicultural Center Namc Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within TX. Charities of a similar size with the same main cause include African Reflections Foundation Inc ($86k), Africa Internship Center Nternational ($86k) and Network of Nations ($86k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $2,436 (3.6% of expenses). At year end it held assets of $365k against liabilities of $2,421, net assets of $363k.