Nachamu Foundation Inc

Analysis

Nachamu Foundation Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Nachamu Foundation Inc reported income of $199k and spending of $201k, spending 101% of its income. Across the 2 years on record, from August 2022 to August 2023, income fell from $218k to $199k (-8.4%), an average of -8.4% a year. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nachamu Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NY. Charities of a similar size with the same main cause include Angel Baskets ($199k), Great Plains Adaptive Riding Academy ($199k) and Beyond the Basics Inc ($199k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $128k against liabilities of $0, net assets of $128k.