Naaso the Obesity Society Inc

Analysis

Naaso the Obesity Society Inc is a registered charity in United States, based in Rockville, MD. It received its IRS tax-exemption ruling in September 1988, 38 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Naaso the Obesity Society Inc reported income of $3.3m and spending of $2.8m, spending 84% of its income. Across the 6 years on record, from March 2019 to December 2023, income grew from $2.2m to $3.3m (+51%), an average of +8.5% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Naaso the Obesity Society Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within MD. Charities of a similar size with the same main cause include Dreams Come True of Jacksonville Inc ($3.3m), Wyoming Coalition Against Domestic Violence and Sexual Assault ($3.3m) and Napa Valley Unified Educational Foundation ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 4.3% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $462k (17% of expenses). Other salaries and wages came to $471k. At year end it held assets of $5.5m against liabilities of $2.9m, net assets of $2.5m. It reported 9 employees.