Ncif NFP Inc

Analysis

Ncif NFP Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type ii) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Ncif NFP Inc reported income of $158k and spending of $178k, spending 113% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $5 to $158k (+3167180%), an average of +3167180% a year. The sharpest change came in the year to December 2023, when income rose by 3167180%. Over the whole period it spent 113% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ncif NFP Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 49th percentile within IL. Charities of a similar size with the same main cause include Perry Economic Development Inc ($158k), Rockford Area Strategic Initiatives ($158k) and National Council of Jewish Women Incorporated ($158k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $50k against liabilities of $70k, net assets of -$20k.