Our House Nantucket Inc

Analysis

Our House Nantucket Inc is a registered charity in United States, based in Nantucket, MA. It received its IRS tax-exemption ruling in August 2022, 4 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Our House Nantucket Inc reported income of $1.0m and spending of $633k, leaving 39% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $553k to $1.0m (+87%), an average of +37% a year. The sharpest change came in the year to December 2022, when income rose by 865%. Over the whole period it spent 17% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Our House Nantucket Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within MA. Charities of a similar size with the same main cause include Oakland Natives Give Back Fund ($1.0m), Youth for Christ USA Inc ($1.0m) and Boys & Girls Clubs of Gatesville ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $160k (25% of expenses). Other salaries and wages came to $118k. It paid $9,500 in professional fundraising fees. At year end it held assets of $5.7m against liabilities of $0, net assets of $5.7m. It reported 13 employees.