Nations One Community Development Corporation Inc

Analysis

Nations One Community Development Corporation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in January 2017, 9 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Nations One Community Development Corporation Inc reported income of $78k and spending of $86k, spending 111% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $24k to $78k (+227%), an average of +227% a year. The sharpest change came in the year to December 2023, when income rose by 227%. Over the whole period it spent 109% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nations One Community Development Corporation Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within TX. Charities of a similar size with the same main cause include Lighthouse Project Inc ($78k), Happy Hats for Kids ($78k) and Ecatalyst ($78k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $23k against liabilities of $0, net assets of $23k.