Nonprofit Finance Fund

Analysis

Nonprofit Finance Fund is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1985, 41 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, Nonprofit Finance Fund reported income of $24.6m and spending of $26.2m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $22.5m to $24.6m (+9.3%), an average of +2.3% a year. The sharpest change came in the year to December 2020, when income rose by 140%. Over the whole period it spent 78% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nonprofit Finance Fund sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 96th percentile within NY. Charities of a similar size with the same main cause include International Association for the Study of Lung Cancer ($24.6m), Operating Engineers and Participating Employers Pre-Appren ($24.6m) and Npower Inc ($24.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 43% and program service revenue 55% of the total. Compensation of current officers, directors and key employees was $1.1m (4.1% of expenses). Other salaries and wages came to $13.5m. At year end it held assets of $252.4m against liabilities of $172.2m, net assets of $80.2m. It reported 125 employees.