Nussbaum Center for Entrepreneurship Inc

Analysis

Nussbaum Center for Entrepreneurship Inc is a registered charity in United States, based in Greensboro, NC. It received its IRS tax-exemption ruling in May 1988, 38 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nussbaum Center for Entrepreneurship Inc reported income of $1.2m and spending of $1.1m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $730k to $1.2m (+69%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 102% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nussbaum Center for Entrepreneurship 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 81st percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Asbestos Workers Local Union No 14 Joint Apprenticeship Training Fund ($1.2m), Community Shares of Mid Ohio ($1.2m) and Urban Partnerships Community Development Corporation ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 42% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $129k (11% of expenses). Other salaries and wages came to $113k. At year end it held assets of $8.0m against liabilities of $2.9m, net assets of $5.2m. It reported 9 employees.