Nicholas Center Ltd

Analysis

Nicholas Center Ltd is a registered charity in United States, based in Port Washington, NY. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Nicholas Center Ltd reported income of $5.9m and spending of $5.1m, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.4m to $5.9m (+148%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 52%. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nicholas Center Ltd sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 90th percentile within NY. Charities of a similar size with the same main cause include Della Lamb Community Services ($5.9m), Marietta Community Foundation Inc ($5.9m) and United Way of El Paso County ($5.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 21% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $577k (11% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $4.0m against liabilities of $1.4m, net assets of $2.6m. It reported 102 employees.