Nu Beta Foundation Inc

Analysis

Nu Beta Foundation Inc is a registered charity in United States, based in Bridgewater, NJ. It received its IRS tax-exemption ruling in June 1949, 77 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, Nu Beta Foundation Inc reported income of $51k and spending of $29k, leaving 44% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $32k to $51k (+61%), an average of +13% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nu Beta Foundation Inc sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 27th percentile within NJ. Charities of a similar size with the same main cause include PTA Texas Congress ($51k), We Are VB ($51k) and Scott Crosby Ministries Inc ($51k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.1% of the total. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m.