Nikwasi Initiative

Analysis

Nikwasi Initiative is a registered charity in United States, based in Franklin, NC. It received its IRS tax-exemption ruling in March 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, Nikwasi Initiative reported income of $222k and spending of $193k, spending 87% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $241k to $222k (-7.9%), an average of -4.0% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 74% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nikwasi Initiative sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 54th percentile within NC. Charities of a similar size with the same main cause include 21st Century School Fund Inc ($222k), Lagrange County Economic Development Corporation ($222k) and Beaumont Rotary Foundation Inc ($222k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $82k (42% of expenses). Other salaries and wages came to $7,913. At year end it held assets of $440k against liabilities of $1,891, net assets of $438k. It reported 2 employees.