Namm Foundation

Analysis

Namm Foundation is a registered charity in United States, based in Carlsbad, CA. It received its IRS tax-exemption ruling in July 1999, 27 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Namm Foundation reported income of $2.4m and spending of $1.8m, leaving 25% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $3.4m to $2.4m (-29%), an average of -8.1% a year. The sharpest change came in the year to September 2023, when income rose by 1993%. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Namm Foundation sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include United Community Services of Greater New York Inc ($2.4m), Sabine Council on the Aging Inc ($2.4m) and New England States Consortium Systems Organization Inc ($2.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $10.3m against liabilities of $573k, net assets of $9.7m.