National Press Foundation Inc

Analysis

National Press Foundation Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1977, 49 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, National Press Foundation Inc reported income of $1.5m and spending of $2.0m, spending 131% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.1m to $1.5m (-25%), an average of -7.1% a year. The sharpest change came in the year to December 2020, when income dropped by 25%. Over the whole period it spent 89% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, National Press Foundation Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 62nd percentile within DC. Charities of a similar size with the same main cause include Dakota Woodlands Inc ($1.5m), Uco Student Housing Foundation ($1.5m) and Jackson County Board on Aging Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% of the total. Compensation of current officers, directors and key employees was $172k (8.5% of expenses). Other salaries and wages came to $533k. At year end it held assets of $6.9m against liabilities of $382k, net assets of $6.5m. It reported 9 employees.