Nacs Foundation

Analysis

Nacs Foundation is a registered charity in United States, based in Oberlin, OH. It received its IRS tax-exemption ruling in February 1983, 43 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2023, Nacs Foundation reported income of $431k and spending of $773k, spending 179% of what it took in. Across the 5 years on record, from March 2019 to March 2023, income grew from $246k to $431k (+75%), an average of +15% a year. The sharpest change came in the year to March 2021, when income rose by 672%. Over the whole period it spent 224% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nacs Foundation sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 68th percentile within OH. Charities of a similar size with the same main cause include Morningside Institute Inc ($431k), Johnson County Library Foundation ($431k) and Hills & Falls Community Nursery School Incorporated ($431k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 96% and program service revenue 5.4% of the total. At year end it held assets of $3.1m against liabilities of $502k, net assets of $2.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.