Nicaragua Advances in Christian Education

Analysis

Nicaragua Advances in Christian Education is a registered charity in United States, based in McKinney, TX. It received its IRS tax-exemption ruling in June 2013, 13 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 Advances in Christian Education reported income of $324k and spending of $243k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $237k to $324k (+37%), an average of +8.2% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 76% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Nicaragua Advances in Christian Education sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 67th percentile within TX. Charities of a similar size with the same main cause include Healing Art Missions ($323k), Volunteers for Honduran Communities Inc ($324k) and Leaving a Positive Legacy Inc ($323k).

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 $41k (17% of expenses). At year end it held assets of $645k against liabilities of $0, net assets of $645k.