Nicolas Fund for Education

Analysis

Nicolas Fund for Education is a registered charity in United States, based in Bellevue, WA. It received its IRS tax-exemption ruling in February 2013, 13 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Nicolas Fund for Education reported income of $624k and spending of $1.4m, spending 219% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $379k to $624k (+65%), an average of +10% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nicolas Fund for Education sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 72nd percentile within WA. Charities of a similar size with the same main cause include Society for Research on Educational Effectiveness ($624k), Arrows Academy of South Carolina ($624k) and Riverside Plaza Tenants Association Inc ($624k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. It paid $1,750 in professional fundraising fees. At year end it held assets of $1.5m against liabilities of $4,400, net assets of $1.4m.