Nicole E Mas Foundation Inc

Analysis

Nicole E Mas Foundation Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in April 2014, 12 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 2023, Nicole E Mas Foundation Inc reported income of $54k and spending of $45k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $29k to $54k (+88%), an average of +88% a year. The sharpest change came in the year to December 2023, when income rose by 88%. Over the whole period it spent 95% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nicole E Mas Foundation Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 25th percentile within FL. Charities of a similar size with the same main cause include Cyrus C Convery Trust Fbo Old St Josephs Church ($54k), Molly Steinsapir Foundation ($54k) and Aaron Jones Jetblack Empowerment Foundation ($54k).

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 $114k against liabilities of $0, net assets of $114k.