Nac Development Corporation

Analysis

Nac Development Corporation is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in July 1966, 60 years ago. 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 June 2024, Nac Development Corporation reported income of $789k and spending of $723k, spending 92% of its income. Across the 5 years on record, from June 2020 to June 2024, income fell from $801k to $789k (-1.4%), an average of -0.4% a year. The sharpest change came in the year to June 2023, when income dropped by 29%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nac Development Corporation sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NE. Charities of a similar size with the same main cause include Family Assistance for Renaissance Men ($789k), San Diego Regional Fire and Emergency Services Foundation ($789k) and The Radiance Foundation Incorporated ($789k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% of the total. At year end it held assets of $1.6m against liabilities of $41k, net assets of $1.6m.