Notley Foundation

Analysis

Notley Foundation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2016, 10 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2020, Notley Foundation reported income of $4.5m and spending of $4.7m, spending 105% of its income. Across the 2 years on record, from December 2019 to December 2020, income grew from $972k to $4.5m (+359%), an average of +359% a year. The sharpest change came in the year to December 2020, when income rose by 359%. Over the whole period it spent 134% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Notley Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 94th percentile within TX. Charities of a similar size with the same main cause include WNC Bridge Foundation ($4.5m), Venn Foundation ($4.5m) and Disease Management Network Inc ($4.5m).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 66% and program service revenue 38% of the total. Other salaries and wages came to $2.0m. At year end it held assets of $2.5m against liabilities of $175k, net assets of $2.4m. It reported 42 employees.