Lo Nyamship Association USA Inc

Analysis

Lo Nyamship Association USA Inc is a registered charity in United States, based in Woodside, NY. It received its IRS tax-exemption ruling in November 2021, 5 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, Lo Nyamship Association USA Inc reported income of $1.1m and spending of $182k, leaving 84% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $166k to $1.1m (+580%), an average of +47% a year. The sharpest change came in the year to December 2019, when income rose by 936%. Over the whole period it spent 13% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Lo Nyamship Association USA Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Ocdc Inc ($1.1m), Rooc Inc ($1.1m) and Hopeloft ($1.1m).

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 $5.8m against liabilities of $11k, net assets of $5.8m.