Nexus Jamaica Ny Qalicb Inc

Analysis

Nexus Jamaica Ny Qalicb Inc is a registered charity in United States, based in Jamaica, NY. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Nexus Jamaica Ny Qalicb Inc reported income of $136k and spending of $634k, spending 465% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $421k to $136k (-68%), an average of -43% a year. The sharpest change came in the year to December 2022, when income dropped by 81%. Over the whole period it spent 139% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nexus Jamaica Ny Qalicb Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 43rd percentile within NY. Charities of a similar size with the same main cause include Conejo Valley Foundation ($136k), A Special Purpose ($137k) and Sertoma Inc ($136k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $12.0m against liabilities of $12.3m, net assets of -$248k.