Nreca International Ltd

Analysis

Nreca International Ltd is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in June 2016, 10 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 December 2023, Nreca International Ltd reported income of $19.1m and spending of $19.7m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $18.7m to $19.1m (+2.1%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nreca International Ltd sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within VA. Charities of a similar size with the same main cause include The Arc of Opportunity in North Central Massachusetts Inc ($19.1m), Sky Ranches Inc ($19.2m) and Jewish Community Center of Baltimore Inc ($19.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 89% of the total. Compensation of current officers, directors and key employees was $784k (4.0% of expenses). Other salaries and wages came to $3.1m. At year end it held assets of $10.8m against liabilities of $7.7m, net assets of $3.1m. It reported 15 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.