Nazareth Villages II Inc

Analysis

Nazareth Villages II Inc is a registered charity in United States, based in Nazareth, KY. It received its IRS tax-exemption ruling in August 1987, 39 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 II Inc reported income of $417k and spending of $251k, leaving 40% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $330k to $417k (+27%), an average of +6.1% a year. The sharpest change came in the year to August 2023, when income rose by 23%. Over the whole period it spent 61% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nazareth Villages II Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within KY. Charities of a similar size with the same main cause include Coldwater Housing Commission a Non-Profit Corporation ($417k), Plaza Esperanza Inc ($417k) and West Haven Foundation for Retarded ($417k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 14% and program service revenue 80% of the total. At year end it held assets of $1.5m against liabilities of $34k, net assets of $1.5m.