Nicaphoto

Analysis

Nicaphoto is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in March 2012, 14 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nicaphoto reported income of $215k and spending of $244k, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $173k to $215k (+25%), an average of +5.7% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nicaphoto sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include Lakewood Memorial Library ($215k), Upsilon Pi Epsilon the National Computer Science Honor Society ($215k) and Friends of the Mandarin Scholars in the SMFCSD ($215k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $26k (11% of expenses). Other salaries and wages came to $72k. At year end it held assets of $328k against liabilities of $0, net assets of $328k. It reported 1 employees.