Project Nicu

Analysis

Project Nicu is a registered charity in United States, based in Brecksville, OH. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 June 2024, Project Nicu reported income of $169k and spending of $228k, spending 135% of what it took in. Across the 3 years on record, from June 2022 to June 2024, income fell from $240k to $169k (-30%), an average of -16% a year. The sharpest change came in the year to June 2024, when income dropped by 34%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Project Nicu sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within OH. Charities of a similar size with the same main cause include Focus for Our Community Unity & Support ($169k), Sage-Ing International ($169k) and Rad Advocates ($169k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 92% of the total. Other salaries and wages came to $113k. At year end it held assets of $32k against liabilities of $0, net assets of $32k. It reported 2 employees.