Necp Abc

Analysis

Necp Abc is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Necp Abc reported income of $694k and spending of $895k, spending 129% of what it took in. Across the 2 years on record, from June 2022 to June 2023, income fell from $758k to $694k (-8.4%), an average of -8.4% a year. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Necp Abc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 74th percentile within MN. Charities of a similar size with the same main cause include Memnosyne Institute ($694k), Leadership Montana Inc ($694k) and Providence Community School Inc ($694k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 95% of the total. At year end it held assets of $8.2m against liabilities of $9.2m, net assets of -$987k.