Naf

Analysis

Naf is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in February 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Naf reported income of $20.3m and spending of $25.2m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $26.8m to $20.3m (-24%), an average of -6.7% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 111% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Naf sits at the 96th percentile: it is larger than about 96% 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 Learning Policy Institute ($20.3m), Maine Dartmouth Medicine Residency ($20.4m) and Nbi-Sems Inc ($20.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 9.8% of the total. Compensation of current officers, directors and key employees was $3.7m (15% of expenses). Other salaries and wages came to $8.0m. It paid $492k in professional fundraising fees. At year end it held assets of $9.8m against liabilities of $2.8m, net assets of $7.0m. It reported 90 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.