Nassau Bar Foundation Inc

Analysis

Nassau Bar Foundation Inc is a registered charity in United States, based in Mineola, NY. It received its IRS tax-exemption ruling in May 1949, 77 years ago. 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 June 2023, Nassau Bar Foundation Inc reported income of $1.1m and spending of $991k, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $723k to $1.1m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 62%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nassau Bar Foundation Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 76th percentile within NY. Charities of a similar size with the same main cause include Haycock Camping Ministries Inc ($1.1m), Concord Montessori School ($1.1m) and Boulder Valley Hockey Foundation ($1.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $335k. At year end it held assets of $1.3m against liabilities of $216k, net assets of $1.1m. It reported 6 employees.