Nlen Support Corporation

Analysis

Nlen Support Corporation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in November 2020, 6 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Nlen Support Corporation reported income of $78k and spending of $455k, spending 587% of what it took in. Across the 3 years on record, from June 2021 to June 2023, income fell from $1.7m to $78k (-95%), an average of -78% a year. The sharpest change came in the year to June 2022, when income dropped by 95%. Over the whole period it spent 51% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nlen Support Corporation sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 32nd percentile within IL. Charities of a similar size with the same main cause include Embarcadero Neighborhood Association ($78k), National Charity League Inc ($78k) and Lincoln Economic Development Council Inc ($78k).

At year end it held assets of $8.8m against liabilities of $7.9m, net assets of $947k.