Nerrads House Inc

Analysis

Nerrads House Inc is a registered charity in United States, based in Pearland, TX. It received its IRS tax-exemption ruling in June 2010, 16 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 2022, Nerrads House Inc reported income of $2.1m and spending of $2.1m, spending 103% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $486k to $2.1m (+323%), an average of +62% a year. The sharpest change came in the year to December 2022, when income rose by 189%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nerrads House Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 89th percentile within TX. Charities of a similar size with the same main cause include Rapid Relief Team LLC ($2.1m), Hope Womens Center ($2.1m) and A Well-Fed World ($2.1m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $156k against liabilities of $276k, net assets of -$120k. It reported 11 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.