Nywici Foundation Inc

Analysis

Nywici Foundation Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in December 2004, 22 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 August 2023, Nywici Foundation Inc reported income of $934k and spending of $1.1m, spending 119% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.1m to $934k (-15%), an average of -4.1% a year. The sharpest change came in the year to August 2020, when income dropped by 56%. Over the whole period it spent 103% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nywici Foundation Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include Quinsigamond Community College Foundation Inc ($934k), Academy of Sports Science ($935k) and Tinyhearts Childcare Center Inc ($934k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 97% and program service revenue 1.3% of the total. At year end it held assets of $610k against liabilities of $789k, net assets of -$179k.

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.