Foundation Neme Inc

Analysis

Foundation Neme Inc is a registered charity in United States, based in Edinburg, TX. It received its IRS tax-exemption ruling in October 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Foundation Neme Inc reported income of $113k and spending of $89k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $174k to $113k (-35%), an average of -35% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Foundation Neme Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 43rd percentile within TX. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($113k), Suburban Fellowship Center Inc ($113k) and Harvey Red Raider Athletic Booster Club Inc ($113k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 93% of the total. At year end it held assets of $116k against liabilities of $0, net assets of $116k.