516 Now Inc

Analysis

516 Now Inc is a registered charity in United States, based in Spartanburg, SC. It received its IRS tax-exemption ruling in May 2012, 14 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, 516 Now Inc reported income of $134k and spending of $134k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $110k to $134k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 99% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, 516 Now Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 50th percentile within SC. Charities of a similar size with the same main cause include Love Serve Inc ($134k), Elk Grove Village Italian Sister Cities Inc ($134k) and Supply and Multiply Inc ($134k).

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 $42k against liabilities of $0, net assets of $42k.