The Nicholson Project

Analysis

The Nicholson Project is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2020, 6 years ago. 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, The Nicholson Project reported income of $540k and spending of $432k, leaving 20% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $293k to $540k (+84%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 93%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Nicholson Project sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Christian Retirement Home Inc ($540k), Hannahs Place Inc ($540k) and Yamhill Community Development Company ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $74k (17% of expenses). Other salaries and wages came to $48k. At year end it held assets of $309k against liabilities of $1,000, net assets of $308k. It reported 3 employees.