Nusenda Foundation

Analysis

Nusenda Foundation is a registered charity in United States, based in Albuquerque, NM. It received its IRS tax-exemption ruling in November 2014, 12 years ago. 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, Nusenda Foundation reported income of $880k and spending of $845k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.9m to $880k (-53%), an average of -17% a year. The sharpest change came in the year to December 2021, when income rose by 114%. Over the whole period it spent 109% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nusenda Foundation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within NM. Charities of a similar size with the same main cause include National Electrical Contractors Association Inc & Ibew ($880k), Fish Fairborn Inc ($880k) and New Jersey District Council of Roofers Pre-Apprenticeship Program ($880k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $2.7m against liabilities of $216k, net assets of $2.5m.