Nome Community Center Inc

Analysis

Nome Community Center Inc is a registered charity in United States, based in Nome, AK. It received its IRS tax-exemption ruling in August 1972, 54 years ago. 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 June 2023, Nome Community Center Inc reported income of $8.2m and spending of $2.4m, leaving 70% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $8.2m (+341%), an average of +45% a year. The sharpest change came in the year to June 2023, when income rose by 216%. Over the whole period it spent 58% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nome Community Center Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within AK. Charities of a similar size with the same main cause include St James Health and Wellness Inc ($8.1m), Consumers Research Inc ($8.2m) and Virginia Hospital Research and Education Foundation ($8.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 96% and program service revenue 4.1% of the total. Compensation of current officers, directors and key employees was $148k (6.2% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $11.7m against liabilities of $3.7m, net assets of $8.0m. It reported 76 employees.