Nice Inc

Analysis

Nice Inc is a registered charity in United States, based in Norwalk, CT. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 December 2023, Nice Inc reported income of $129k and spending of $156k, spending 121% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $163k to $129k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 93% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nice Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 41st percentile within CT. Charities of a similar size with the same main cause include Unity Broadcasting Inc ($129k), Liberty Jump Team Inc ($129k) and Hollywood Studio of Dance ($129k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $70k against liabilities of $45k, net assets of $24k.