St Nicholas Foundation

Analysis

St Nicholas Foundation is a registered charity in United States, based in Zanesville, OH. It received its IRS tax-exemption ruling in November 1998, 28 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, St Nicholas Foundation reported income of $408k and spending of $114k, leaving 72% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $42k to $408k (+883%), an average of +77% a year. The sharpest change came in the year to June 2024, when income rose by 1434%. Over the whole period it spent 71% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, St Nicholas Foundation sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within OH. Charities of a similar size with the same main cause include Rotary Club of Birmingham Foundation ($408k), Robert a Reaumond Foundation ($408k) and Kendrick Ministries Inc ($408k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% of the total. At year end it held assets of $3.4m against liabilities of $0, net assets of $3.4m.