Nnewi USA Inc

Analysis

Nnewi USA Inc is a registered charity in United States, based in Katy, TX. It received its IRS tax-exemption ruling in June 2000, 26 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 December 2023, Nnewi USA Inc reported income of $107k and spending of $52k, leaving 51% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $20k to $107k (+446%), an average of +446% a year. The sharpest change came in the year to December 2023, when income rose by 446%. Over the whole period it spent 41% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nnewi USA Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 42nd percentile within TX. Charities of a similar size with the same main cause include Trip of a Lifetime ($107k), Center for Advancement Restoration and Empowerment Inc ($107k) and Giles County Senior Citizens ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 86% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.