Nfte Endowment Fund Inc

Analysis

Nfte Endowment Fund Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in August 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nfte Endowment Fund Inc reported income of $371k and spending of $657k, spending 177% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $631k to $371k (-41%), an average of -12% a year. The sharpest change came in the year to June 2021, when income rose by 63%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nfte Endowment Fund Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within NY. Charities of a similar size with the same main cause include Created with Purpose of West Texas ($371k), World Impact Network ($371k) and Greenwood-Shalom Outreach ($371k).

At year end it held assets of $12.8m against liabilities of $67k, net assets of $12.8m.