Basic NWFL Inc

Analysis

Basic NWFL Inc is a registered charity in United States, based in Panama City, FL. It received its IRS tax-exemption ruling in October 1990, 36 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 December 2023, Basic NWFL Inc reported income of $2.2m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.2m (+24%), an average of +5.5% a year. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Basic NWFL Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include Miami County Community Action Council ($2.2m), Edwards Street Fellowship Center Inc ($2.2m) and Kennedy Property Corp ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $100k (4.6% of expenses). Other salaries and wages came to $727k. At year end it held assets of $2.7m against liabilities of $596k, net assets of $2.1m. It reported 23 employees.