Niagara Foundation

Analysis

Niagara Foundation is a registered charity in United States, based in Mount Prospect, IL. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Niagara Foundation reported income of $114k and spending of $112k, spending 99% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $85k to $114k (+34%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 111% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Niagara Foundation sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Grand Prairie Art Council Inc ($114k), Citizens Council for the Arts Inc ($114k) and Crockett County Historical Scientific and Museum Society ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $4,180 against liabilities of $55k, net assets of -$51k.