Nurturing Center Inc

Analysis

Nurturing Center Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Nurturing Center Inc reported income of $294k and spending of $162k, leaving 45% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $248k to $294k (+18%), an average of +8.8% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nurturing Center Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 66th percentile within TX. Charities of a similar size with the same main cause include Nvyll Inc ($294k), Iowa Area Development Group L C ($294k) and Friends of Recreation Inc ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% of the total. Compensation of current officers, directors and key employees was $41k (25% of expenses). Other salaries and wages came to $41k. At year end it held assets of $775k against liabilities of $12k, net assets of $762k. It reported 5 employees.