National Correctional Industries Association Inc

Analysis

National Correctional Industries Association Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in January 1979, 47 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 September 2023, National Correctional Industries Association Inc reported income of $895k and spending of $781k, spending 87% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $895k (-13%), an average of -3.4% a year. The sharpest change came in the year to September 2021, when income rose by 65%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Correctional Industries Association Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within MD. Charities of a similar size with the same main cause include Arizona Educational Foundation Inc ($895k), F C Portland Soccer Academy ($895k) and Presbyterian Homes of Tampa Inc ($894k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 14% and program service revenue 88% of the total. Compensation of current officers, directors and key employees was $175k (22% of expenses). Other salaries and wages came to $131k. At year end it held assets of $743k against liabilities of $252k, net assets of $491k. It reported 4 employees.