Nonprofit Risk Management Center

Analysis

Nonprofit Risk Management Center is a registered charity in United States, based in Leesburg, VA. It received its IRS tax-exemption ruling in April 2003, 23 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nonprofit Risk Management Center reported income of $1.0m and spending of $968k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $880k to $1.0m (+17%), an average of +4.0% a year. The sharpest change came in the year to December 2020, when income rose by 15%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nonprofit Risk Management Center sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Timber Framers Guild Inc ($1.0m), South LA Community Foundation ($1.0m) and Commute Options for Central Oregon ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.2% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $326k (34% of expenses). Other salaries and wages came to $226k. At year end it held assets of $1.5m against liabilities of $454k, net assets of $1.1m. It reported 4 employees.