Necma Foundation Inc

Analysis

Necma Foundation Inc is a registered charity in United States, based in Norton, MA. It received its IRS tax-exemption ruling in October 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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 October 2023, Necma Foundation Inc reported income of $60k and spending of $72k, spending 120% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income fell from $90k to $60k (-33%), an average of -9.5% a year. The sharpest change came in the year to October 2020, when income dropped by 118%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Necma Foundation Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Wabasha-Kellogg Scholarship Foundation ($60k), Educational Foundation of Twin Lakes Inc ($60k) and Parent Advisory Council of Boulder ($60k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 36% of the total. At year end it held assets of $690k against liabilities of $0, net assets of $690k.