Nikolaevsk Inc

Analysis

Nikolaevsk Inc is a registered charity in United States, based in Nikolaevsk, AK. It received its IRS tax-exemption ruling in July 1998, 28 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Nikolaevsk Inc reported income of $85k and spending of $353k, spending 417% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $85k to $85k (-0.4%), an average of -0.1% a year. Over the whole period it spent 454% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nikolaevsk Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 28th percentile within AK. Charities of a similar size with the same main cause include Prospect Park Free Library ($85k), Society of American Foresters ($85k) and Lamorinda Arts Council ($85k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 18% and program service revenue 85% of the total. Other salaries and wages came to $27k. At year end it held assets of $1.2m against liabilities of $28k, net assets of $1.1m. It reported 8 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.