Nates Place a Wellness and Recovery Center

Analysis

Nates Place a Wellness and Recovery Center is a registered charity in United States, based in Oxnard, CA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Nates Place a Wellness and Recovery Center reported income of $300k and spending of $232k, leaving 23% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $75k to $300k (+301%), an average of +301% a year. The sharpest change came in the year to December 2023, when income rose by 301%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nates Place a Wellness and Recovery Center sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within CA. Charities of a similar size with the same main cause include Isaiah 61 Cafe ($300k), 2nd Blessings Company ($300k) and Tendercare Tot Center Inc ($300k).

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 $1,117 (0.5% of expenses). At year end it held assets of $96k against liabilities of $0, net assets of $96k.