Novak Djokovic Foundation USA

Analysis

Novak Djokovic Foundation USA is a registered charity in United States, based in Mooresville, NC. It received its IRS tax-exemption ruling in December 2012, 14 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 2022, Novak Djokovic Foundation USA reported income of $416k and spending of $903k, spending 217% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $582k to $416k (-29%), an average of -11% a year. The sharpest change came in the year to December 2021, when income rose by 175%. Over the whole period it spent 112% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Novak Djokovic Foundation USA sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 66th percentile within NC. Charities of a similar size with the same main cause include Inkstick Media Inc ($416k), Unite the World with Africa Foundation Inc ($416k) and Friends of Madagascar Mission Inc ($415k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 61% of the total. At year end it held assets of $2.0m against liabilities of $41k, net assets of $2.0m.