Nareit Foundation

Analysis

Nareit Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 2004, 22 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nareit Foundation reported income of $936k and spending of $901k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $760k to $936k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2022, when income rose by 340%. Over the whole period it spent 53% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nareit Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 53rd percentile within DC. Charities of a similar size with the same main cause include Fort Wayne Urban Enterprise Association Inc ($936k), Junior League of Long Island Inc ($936k) and Inspiration Studios Inc ($935k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $2.9m against liabilities of $0, net assets of $2.9m.