Nara Foundation Group

Analysis

Nara Foundation Group is a registered charity in United States, based in Anaheim, CA. It received its IRS tax-exemption ruling in March 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Nara Foundation Group reported income of $157k and spending of $139k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $204k to $157k (-23%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 25%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nara Foundation Group sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 50th percentile within CA. Charities of a similar size with the same main cause include St Andrews Legacy Inc ($157k), Pine Strawberry Food Bank Inc ($157k) and Inner City Youth Group ($157k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $71k against liabilities of $9,075, net assets of $62k.