Mudd-Nick Foundation

Analysis

Mudd-Nick Foundation is a registered charity in United States, based in Manzanita, OR. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mudd-Nick Foundation reported income of $183k and spending of $202k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $210k to $183k (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2021, when income dropped by 47%. Over the whole period it spent 70% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Mudd-Nick Foundation sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within OR. Charities of a similar size with the same main cause include Rotary of Annapolis Foundation Inc ($183k), Cars for Neighbors Inc ($184k) and Aim Ministries Inc ($183k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 45% of the total. Other salaries and wages came to $2,455. At year end it held assets of $629k against liabilities of $0, net assets of $629k. It reported 1 employees.