Nevins Inc

Analysis

Nevins Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in September 1969, 57 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 2024, Nevins Inc reported income of $1.8m and spending of $2.0m, spending 112% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $2.2m to $1.8m (-18%), an average of -4.0% a year. The sharpest change came in the year to June 2023, when income dropped by 16%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nevins Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NC. Charities of a similar size with the same main cause include Higher Purpose Co ($1.8m), Livable Buckhead ($1.8m) and Spirit of Springfield Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 2.6% and program service revenue 94% of the total. Compensation of current officers, directors and key employees was $119k (5.8% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $1.7m against liabilities of $274k, net assets of $1.5m. It reported 86 employees.