Nest Foundation

Analysis

Nest Foundation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2005, 21 years ago. 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, Nest Foundation reported income of $513k and spending of $810k, spending 158% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $426k to $513k (+20%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 80%. Over the whole period it spent 128% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nest Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 66th percentile within NY. Charities of a similar size with the same main cause include International Youth Organization ($513k), Dakota Junior Golf Association Inc ($513k) and Ann Arbor Film Festival Inc ($513k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $178k (22% of expenses). Other salaries and wages came to $38k. At year end it held assets of $8,507 against liabilities of $298k, net assets of -$289k. It reported 2 employees.