Nema Foundation Inc

Analysis

Nema Foundation Inc is a registered charity in United States, based in Sarasota, FL. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2022, Nema Foundation Inc reported income of $22.6m and spending of $28.9m, spending 128% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $9.5m to $22.6m (+137%), an average of +33% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 77% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nema Foundation Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 98th percentile within FL. Charities of a similar size with the same main cause include Sibley Medical Center ($22.5m), Forefront ($22.6m) and FFWD ($22.5m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $100k (0.3% of expenses). Other salaries and wages came to $124k. At year end it held assets of $33.7m against liabilities of $25k, net assets of $33.7m. It reported 6 employees.