Ny Nanum Foundation Inc

Analysis

Ny Nanum Foundation Inc is a registered charity in United States, based in Northvale, NJ. It received its IRS tax-exemption ruling in October 2003, 23 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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, Ny Nanum Foundation Inc reported income of $94k and spending of $156k, spending 165% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income fell from $163k to $94k (-42%), an average of -17% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 135% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Ny Nanum Foundation Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Wildlens Inc ($94k), Renewable Energy Scholarship Foundation ($94k) and Sustainable Stillwater MN ($94k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $79k against liabilities of $0, net assets of $79k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.