Nami North Carolina Inc

Analysis

Nami North Carolina Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in April 1985, 41 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, Nami North Carolina Inc reported income of $1.3m and spending of $1.1m, spending 88% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $797k to $1.3m (+58%), an average of +12% a year. The sharpest change came in the year to June 2022, when income rose by 31%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nami North Carolina Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Wyoming State 4h Foundation ($1.3m), Covenant Missions ($1.3m) and Communityworx ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 38% and program service revenue 65% of the total. Compensation of current officers, directors and key employees was $87k (7.9% of expenses). Other salaries and wages came to $428k. At year end it held assets of $1.3m against liabilities of $202k, net assets of $1.1m. It reported 11 employees.