Naomi Community Foundation

Analysis

Naomi Community Foundation is a registered charity in United States, based in Spokane Vly, WA. It received its IRS tax-exemption ruling in April 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Naomi Community Foundation reported income of $189k and spending of $230k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $244k to $189k (-22%), an average of -6.1% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 92% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Naomi Community Foundation sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 49th percentile within WA. Charities of a similar size with the same main cause include Woodbury Senior Housing Inc ($189k), St Mary Magdlene Apartments Inc ($189k) and Sessions Village 202 ($189k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $95k (42% of expenses). Other salaries and wages came to $50k. At year end it held assets of $758k against liabilities of $5,490, net assets of $752k. It reported 5 employees.