Nick Erdy Foundation Inc

Analysis

Nick Erdy Foundation Inc is a registered charity in United States, based in Lynchburg, OH. It received its IRS tax-exemption ruling in July 2007, 19 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 2023, Nick Erdy Foundation Inc reported income of $63k and spending of $25k, leaving 60% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $40k to $63k (+59%), an average of +59% a year. The sharpest change came in the year to December 2023, when income rose by 59%. Over the whole period it spent 54% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nick Erdy Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 25th percentile within OH. Charities of a similar size with the same main cause include Madison Memorial Hospital Foundation Inc ($63k), Foundation for Sunbeam Family Services ($63k) and St Vincent de Paul Ministry of St Stanislaus Catholic Church Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $172k against liabilities of $0, net assets of $172k.