Nicol Home Inc

Analysis

Nicol Home Inc is a registered charity in United States, based in Glasco, KS. It received its IRS tax-exemption ruling in October 1964, 62 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nicol Home Inc reported income of $3.1m and spending of $2.9m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.1m to $3.1m (+48%), an average of +10% a year. The sharpest change came in the year to December 2022, when income rose by 19%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nicol Home Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within KS. Charities of a similar size with the same main cause include Mon Valley YMCA ($3.1m), Central Oregon Community College Foundation ($3.1m) and Chi St Joseph Childrens Health ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.4% and program service revenue 93% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $1.5m against liabilities of $299k, net assets of $1.2m. It reported 70 employees.