Nazareth Childrens Home

Analysis

Nazareth Childrens Home is a registered charity in United States, based in Rockwell, NC. It received its IRS tax-exemption ruling in February 1961, 65 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Nazareth Childrens Home reported income of $4.3m and spending of $5.4m, spending 125% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.0m to $4.3m (-13%), an average of -3.6% a year. The sharpest change came in the year to September 2022, when income dropped by 19%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nazareth Childrens Home 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 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Blue Peaks Developmental Services Inc ($4.3m), Cambodian Association of Illinois ($4.3m) and Elder Care Services Inc ($4.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 24% and program service revenue 58% of the total. Compensation of current officers, directors and key employees was $353k (6.5% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $12.6m against liabilities of $488k, net assets of $12.1m. It reported 112 employees.