Naeva

Analysis

Naeva is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in September 2014, 12 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, Naeva reported income of $1.4m and spending of $1.1m, leaving 21% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $877k to $1.4m (+65%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 269%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Naeva sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within NM. Charities of a similar size with the same main cause include Equestrian Connection NFP ($1.4m), The Hearth Community Place ($1.4m) and Cradle and Crayon Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $122k (11% of expenses). Other salaries and wages came to $499k. At year end it held assets of $4.1m against liabilities of $337k, net assets of $3.8m. It reported 12 employees.