Nowzad

Analysis

Nowzad is a registered charity in United States, based in Frisco, TX. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover animal-related, which this site groups under animals. 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, Nowzad reported income of $163k and spending of $282k, spending 173% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $607k to $163k (-73%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 331%. Over the whole period it spent 64% of the income it received.

Among 14,470 United States charities whose main cause is animals and that reported income, Nowzad sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 53rd percentile within TX. Charities of a similar size with the same main cause include Tourniquet ($163k), Penn Valley Community Rodeo Association ($164k) and Happy Hearts Feline Sanctuary ($163k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $54k (19% of expenses). Other salaries and wages came to $36k. At year end it held assets of $1.9m against liabilities of $0, net assets of $1.9m.