The Nelac Institute

Analysis

The Nelac Institute is a registered charity in United States, based in Weatherford, TX. It received its IRS tax-exemption ruling in May 2003, 23 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 September 2023, The Nelac Institute reported income of $956k and spending of $1.0m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $1.0m to $956k (-6.3%), an average of -1.6% a year. The sharpest change came in the year to September 2020, when income dropped by 19%. Over the whole period it spent 105% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, The Nelac Institute sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 83rd percentile within TX. Charities of a similar size with the same main cause include Laudholm Trust ($955k), Michigan Water Environment Association Inc ($957k) and Spring Street Climate Fund Inc ($954k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 10% and program service revenue 90% of the total. At year end it held assets of $2,004 against liabilities of $187k, net assets of -$185k.