Nanoom House Inc

Analysis

Nanoom House Inc is a registered charity in United States, based in Flushing, NY. It received its IRS tax-exemption ruling in September 2020, 6 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Nanoom House Inc reported income of $216k and spending of $192k, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $65k to $216k (+233%), an average of +49% a year. The sharpest change came in the year to December 2021, when income rose by 809%. Over the whole period it spent 39% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Nanoom House Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within NY. Charities of a similar size with the same main cause include Montauk Non Profit Housing Corp ($216k), Renaissance Court Inc ($216k) and Robert Matthew Jackson Veterans Center Inc ($216k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $44k. At year end it held assets of $815k against liabilities of $140k, net assets of $675k.