Naspa Foundation

Analysis

Naspa Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in March 1989, 37 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Naspa Foundation reported income of $311k and spending of $307k, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $565k to $311k (-45%), an average of -14% a year. The sharpest change came in the year to June 2021, when income rose by 69%. Over the whole period it spent 60% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Naspa Foundation sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 36th percentile within DC. Charities of a similar size with the same main cause include National Intercollegiate Flying Association ($311k), Miami Public Schools Enrichment Foundation ($311k) and Stanford Business School Alumni Association ($311k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 82% of the total. Other salaries and wages came to $78k. At year end it held assets of $3.0m against liabilities of $33k, net assets of $3.0m.