NGLCC Foundation

Analysis

NGLCC Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, NGLCC Foundation reported income of $242k and spending of $56k, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.2m to $242k (-89%), an average of -42% a year. The sharpest change came in the year to December 2021, when income rose by 539%. Over the whole period it spent 99% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, NGLCC Foundation sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 32nd percentile within DC. Charities of a similar size with the same main cause include Citizens for Progress Inc ($242k), Austin Area Art From the Streets ($242k) and Pilipino Bayanihan Resource Center ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $22k (39% of expenses). Other salaries and wages came to $25k. At year end it held assets of $265k against liabilities of $445k, net assets of -$180k.