Michael P Nosco Foundation Inc

Analysis

Michael P Nosco Foundation Inc is a registered charity in United States, based in Newbury Park, CA. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Michael P Nosco Foundation Inc reported income of $147k and spending of $154k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $213k to $147k (-31%), an average of -8.8% a year. The sharpest change came in the year to December 2021, when income rose by 73%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Michael P Nosco Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 49th percentile within CA. Charities of a similar size with the same main cause include Uparc Apartments Inc ($147k), Hawthorne Hall Inc ($147k) and Funds for Friends ($147k).

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 $28k against liabilities of $0, net assets of $28k.