Nigeria Higher Education Foundation Inc

Analysis

Nigeria Higher Education Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nigeria Higher Education Foundation Inc reported income of $280k and spending of $249k, spending 89% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $87k to $280k (+220%), an average of +47% a year. The sharpest change came in the year to December 2021, when income dropped by 100%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nigeria Higher Education Foundation Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 57th percentile within NY. Charities of a similar size with the same main cause include Micar Christian University Corp ($280k), Mill Creek High School Band Booster Club Inc ($280k) and East Texas A&m University Alumni Association ($279k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $3,000, net assets of $30k.