Nga Research and Education Foundation

Analysis

Nga Research and Education Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 1993, 33 years ago. 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 December 2023, Nga Research and Education Foundation reported income of $1.7m and spending of $1.9m, spending 113% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $565k to $1.7m (+202%), an average of +32% a year. The sharpest change came in the year to December 2020, when income rose by 112%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Nga Research and Education Foundation sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 64th percentile within DC. Charities of a similar size with the same main cause include Rocky Mountain Ski Instructors Educational Foundation ($1.7m), Domestic Violence Project Inc ($1.7m) and The Tidings ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 12% of the total. At year end it held assets of $1.7m against liabilities of $468k, net assets of $1.3m.