Narsad Research Institute Inc

Analysis

Narsad Research Institute Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Narsad Research Institute Inc reported income of $79k and spending of $100k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.0m to $79k (-98%), an average of -62% a year. The sharpest change came in the year to December 2020, when income dropped by 88%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Narsad Research Institute Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 31st percentile within NY. Charities of a similar size with the same main cause include Friends of the Grace a Dow Memorial Library Inc ($79k), Slidell Heritage Festival Inc ($79k) and South Austin Hospital Auxiliary Gift Shop ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $39k against liabilities of $0, net assets of $39k.