Nobis Foundation Inc

Analysis

Nobis Foundation Inc is a registered charity in United States, based in Coral Gables, FL. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general 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 2022, Nobis Foundation Inc reported income of $294k and spending of $353k, spending 120% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $399k to $294k (-26%), an average of -9.7% a year. The sharpest change came in the year to December 2020, when income dropped by 39%. Over the whole period it spent 100% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nobis Foundation Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 64th percentile within FL. Charities of a similar size with the same main cause include Iowa Area Development Group L C ($294k), Cassie Hines Shoes Cancer Foundation Inc ($294k) and Nurturing Center Inc ($294k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $48k (14% of expenses). At year end it held assets of $103k against liabilities of $6,004, net assets of $97k. It reported 3 employees.