Nw3c Inc

Analysis

Nw3c Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in May 1987, 39 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 2023, Nw3c Inc reported income of $13.1m and spending of $12.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.7m to $13.1m (+36%), an average of +7.9% a year. The sharpest change came in the year to June 2023, when income rose by 24%. 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, Nw3c Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Livingston Byrdstown Jamestown and Cookeville Development Corporation ($13.1m), United Way of Greenville County Incorporated ($13.1m) and Lake Region Lutheran Home Incorporated ($13.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $635k (4.9% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $2.2m against liabilities of $1.3m, net assets of $894k. It reported 69 employees.