American Nurses Foundation Inc

Analysis

American Nurses Foundation Inc is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in October 1956, 70 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, American Nurses Foundation Inc reported income of $5.0m and spending of $9.9m, spending 200% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $5.0m (+120%), an average of +22% a year. The sharpest change came in the year to December 2020, when income rose by 675%. Over the whole period it spent 58% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, American Nurses Foundation Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MD. Charities of a similar size with the same main cause include Highbridge Facilities LLC ($5.0m), Robert College Foundation ($5.0m) and Verano Learning Partners ($5.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $274k (2.8% of expenses). Other salaries and wages came to $785k. At year end it held assets of $30.2m against liabilities of $2.7m, net assets of $27.5m. It reported 13 employees.