NRF Foundation

Analysis

NRF Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in December 1981, 45 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 February 2024, NRF Foundation reported income of $9.3m and spending of $7.4m, spending 80% of its income. Across the 5 years on record, from February 2020 to February 2024, income grew from $5.6m to $9.3m (+67%), an average of +14% a year. The sharpest change came in the year to February 2023, when income rose by 145%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, NRF Foundation sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Home Health Management Services Inc ($9.3m), New Bedford Jewish Convalescent Home Inc ($9.3m) and Center for Research Libraries ($9.3m).

On its Form 990 for the period ending February 2024, revenue came from contributions and grants 31% and program service revenue 74% of the total. Compensation of current officers, directors and key employees was $397k (5.3% of expenses). Other salaries and wages came to $733k. At year end it held assets of $21.8m against liabilities of $6.4m, net assets of $15.4m.