Nehemiah Initiative Seattle

Analysis

Nehemiah Initiative Seattle is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in December 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, Nehemiah Initiative Seattle reported income of $460k and spending of $373k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $512k to $460k (-10%), an average of -10% a year. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nehemiah Initiative Seattle sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 67th percentile within WA. Charities of a similar size with the same main cause include Barton Chambers Apartments Inc ($460k), Friends of the Sharon Art Studio ($460k) and Big Brothers Big Sisters of Siouxland ($460k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $96k (26% of expenses). Other salaries and wages came to $78k. At year end it held assets of $474k against liabilities of $30k, net assets of $443k. It reported 2 employees.