Northwest Federal Credit Union Foundation

Analysis

Northwest Federal Credit Union Foundation is a registered charity in United States, based in Herndon, VA. It received its IRS tax-exemption ruling in June 2006, 20 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, Northwest Federal Credit Union Foundation reported income of $376k and spending of $254k, leaving 32% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $412k to $376k (-8.7%), an average of -2.3% a year. The sharpest change came in the year to December 2021, when income rose by 37%. Over the whole period it spent 59% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Northwest Federal Credit Union Foundation sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Georgia Food Industry Education Foundation Inc ($376k), Growing Place Inc ($376k) and Freedom Christian Schools Inc ($376k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. At year end it held assets of $1.6m against liabilities of $5,061, net assets of $1.6m.