Needlink Nashville

Analysis

Needlink Nashville is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in June 1955, 71 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 June 2023, Needlink Nashville reported income of $2.1m and spending of $1.4m, leaving 32% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.1m to $2.1m (+82%), an average of +22% a year. The sharpest change came in the year to June 2021, when income rose by 649%. Over the whole period it spent 86% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Needlink Nashville sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within TN. Charities of a similar size with the same main cause include Build Commonwealth Inc ($2.1m), Patriotic Festival II Inc ($2.1m) and All Saints Early Learning and Community Care Center Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $236k. At year end it held assets of $2.4m against liabilities of $60k, net assets of $2.3m. It reported 7 employees.