Naas Welfare Foundation Inc

Analysis

Naas Welfare Foundation Inc is a registered charity in United States, based in Sugar Land, TX. It received its IRS tax-exemption ruling in September 2015, 11 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Naas Welfare Foundation Inc reported income of $735k and spending of $572k, leaving 22% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $140k to $735k (+423%), an average of +423% a year. The sharpest change came in the year to December 2022, when income rose by 423%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Naas Welfare Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include Hope for the Inner City Inc ($735k), Lewis Memorial Inc ($735k) and Fathers Families Healthy Communities ($734k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 98% of the total. At year end it held assets of $329k against liabilities of $142k, net assets of $187k.