Near East Foundation

Analysis

Near East Foundation is a registered charity in United States, based in Syracuse, NY. It received its IRS tax-exemption ruling in September 1952, 74 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Near East Foundation reported income of $20.1m and spending of $19.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.0m to $20.1m (+19%), an average of +4.3% a year. The sharpest change came in the year to June 2021, when income rose by 32%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Near East Foundation sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include Transfair USA ($20.0m), Coptic Orphans Support Association ($20.4m) and Central European University ($20.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $760k (4.0% of expenses). Other salaries and wages came to $5.4m. At year end it held assets of $28.5m against liabilities of $20.1m, net assets of $8.5m. It reported 22 employees.