Nyeland Promise

Analysis

Nyeland Promise is a registered charity in United States, based in Oxnard, CA. It received its IRS tax-exemption ruling in November 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nyeland Promise reported income of $159k and spending of $144k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $113k to $159k (+40%), an average of +40% a year. The sharpest change came in the year to December 2023, when income rose by 40%. Over the whole period it spent 86% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nyeland Promise sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within CA. Charities of a similar size with the same main cause include Do Good Wisconsin Inc ($159k), Zams Hope Community Resources Cente ($159k) and Kiwanis Foundation of Tampa Inc ($159k).

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 $131k against liabilities of $0, net assets of $131k.