Nason Foundation

Analysis

Nason Foundation is a registered charity in United States, based in Altoona, PA. It received its IRS tax-exemption ruling in March 1982, 44 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 2024, Nason Foundation reported income of $199k and spending of $255k, spending 128% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income grew from $139k to $199k (+43%), an average of +9.4% a year. The sharpest change came in the year to June 2022, when income rose by 218%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nason Foundation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Anita N Martinez Ballet Folkloric Inc ($199k), Coaling Fire Protection District ($199k) and Organization Design Forum Inc ($199k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 50% of the total. At year end it held assets of $6.0m against liabilities of $12k, net assets of $6.0m.