Ngwa National Association USA Inc

Analysis

Ngwa National Association USA Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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, Ngwa National Association USA Inc reported income of $124k and spending of $119k, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $178k to $124k (-30%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 26%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Ngwa National Association USA Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include Martha Ann Womans Club ($124k), Family Peace Project Inc ($124k) and Ithaca Community Recovery Inc ($124k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 49% and program service revenue 49% of the total. At year end it held assets of $1.0m against liabilities of $3,897, net assets of $1.0m.