Nccco Foundation Inc

Analysis

Nccco Foundation Inc is a registered charity in United States, based in Murray, UT. It received its IRS tax-exemption ruling in April 2019, 7 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nccco Foundation Inc reported income of $734k and spending of $382k, leaving 48% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $326k to $734k (+125%), an average of +22% a year. The sharpest change came in the year to December 2021, when income rose by 174%. Over the whole period it spent 81% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nccco Foundation Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 74th percentile within UT. Charities of a similar size with the same main cause include Brooklyn for All Inc ($734k), Fifth Avenue South Business Improvement District Inc ($734k) and Six Rivers Dispute Resolution Center ($733k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $564k against liabilities of $73k, net assets of $491k.