Nazareth Villages Inc

Analysis

Nazareth Villages Inc is a registered charity in United States, based in Nazareth, KY. It received its IRS tax-exemption ruling in August 1979, 47 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Nazareth Villages Inc reported income of $1.4m and spending of $979k, leaving 31% of income unspent that year. Across the 4 years on record, from August 2020 to August 2023, income grew from $869k to $1.4m (+64%), an average of +18% a year. The sharpest change came in the year to August 2023, when income rose by 51%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nazareth Villages Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within KY. Charities of a similar size with the same main cause include Lansing Electrical Joint Apprenticeship & Training Trust ($1.4m), Venture Productions Inc ($1.4m) and American Indian Law Center Inc ($1.4m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 25% and program service revenue 60% of the total. Other salaries and wages came to $380k. At year end it held assets of $3.6m against liabilities of $67k, net assets of $3.5m. It reported 9 employees.