Our Promise to Nicholas Foundation

Analysis

Our Promise to Nicholas Foundation is a registered charity in United States, based in Bedford, NH. It received its IRS tax-exemption ruling in June 2009, 17 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 March 2024, Our Promise to Nicholas Foundation reported income of $51k and spending of $73k, spending 144% of what it took in. Across the 2 years on record, from March 2023 to March 2024, income fell from $128k to $51k (-60%), an average of -60% a year. The sharpest change came in the year to March 2024, when income dropped by 60%. Over the whole period it spent 112% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Our Promise to Nicholas Foundation sits at the 16th percentile: it is larger than about 16% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 21st percentile within NH. Charities of a similar size with the same main cause include Dave Parker 39 Foundation Inc ($51k), Lincoln Health System Inc ($51k) and Deschutes Rim Clinic Foundation ($51k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 61% of the total. At year end it held assets of $216k against liabilities of $0, net assets of $216k.