Nickelsville

Analysis

Nickelsville is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Nickelsville reported income of $303k and spending of $260k, spending 86% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $88k to $303k (+246%), an average of +246% a year. The sharpest change came in the year to December 2023, when income rose by 246%. Over the whole period it spent 94% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nickelsville sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within WA. Charities of a similar size with the same main cause include West Suburban Chamber of Commerce & Industry Foundation ($303k), Kerr-Tar Economic Development Corporation ($304k) and Foundation for Community Betterment ($303k).

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 $116k (45% of expenses). At year end it held assets of $60k against liabilities of $0, net assets of $60k. It reported 3 employees.