Napt Foundation Inc

Analysis

Napt Foundation Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 2000, 26 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 June 2021, Napt Foundation Inc reported income of $256k and spending of $403k, spending 157% of what it took in. Across the 3 years on record, from June 2019 to June 2021, income fell from $564k to $256k (-55%), an average of -33% a year. The sharpest change came in the year to June 2021, when income dropped by 63%. Over the whole period it spent 110% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Napt Foundation Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within NY. Charities of a similar size with the same main cause include A Better Day Therapy Learning Center Inc ($256k), Friends of Waters ($256k) and Oklahoma P E O Projects Fund Inc ($256k).

On its Form 990 for the period ending June 2021, revenue came from contributions and grants 0.2% and program service revenue 37% of the total. Other salaries and wages came to $123k. At year end it held assets of $534k against liabilities of $166k, net assets of $368k. It reported 2 employees.