Nurture Place Inc

Analysis

Nurture Place Inc is a registered charity in United States, based in Oakland, FL. It received its IRS tax-exemption ruling in April 2020, 6 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Nurture Place Inc reported income of $405k and spending of $257k, leaving 37% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $346k to $405k (+17%), an average of +8.2% a year. The sharpest change came in the year to December 2023, when income rose by 19%. Over the whole period it spent 58% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nurture Place Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Becker County Food Pantry Inc ($405k), Kings Academy Childhood Enrichment Center Inc ($405k) and Greater Niles Senior Center Inc ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $24k (9.3% of expenses). Other salaries and wages came to $99k. At year end it held assets of $722k against liabilities of $90k, net assets of $632k. It reported 10 employees.