Norooz Foundation Inc

Analysis

Norooz Foundation Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in February 2013, 13 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, Norooz Foundation Inc reported income of $509k and spending of $530k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $296k to $509k (+72%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 34%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Norooz Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 70th percentile within NC. Charities of a similar size with the same main cause include Neighborhood Center of the Arts ($509k), Cos I Love You ($509k) and Feusa Inc ($509k).

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 $96k (18% of expenses). At year end it held assets of $33k against liabilities of $0, net assets of $33k. It reported 2 employees.