Nurses Educational Funds Inc

Analysis

Nurses Educational Funds Inc is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in October 1954, 72 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Nurses Educational Funds Inc reported income of $385k and spending of $408k, spending 106% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $672k to $385k (-43%), an average of -13% a year. The sharpest change came in the year to August 2020, when income dropped by 27%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nurses Educational Funds Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Womens Mental Health Collective Inc ($384k), Sally J Pimentel Deaf & Hard of Hearing Center Inc ($385k) and Fresh Start Surgical Gifts Foundation ($384k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 51% of the total. Other salaries and wages came to $86k. At year end it held assets of $3.7m against liabilities of $34k, net assets of $3.7m. It reported 1 employees.