The Nacs Foundation

Analysis

The Nacs Foundation is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Nacs Foundation reported income of $1.5m and spending of $1.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.5m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 101% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Nacs Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 84th percentile within VA. Charities of a similar size with the same main cause include Door of Faith Ministries Inc ($1.5m), Womans Exchange of St Louis ($1.5m) and Pontiac Community Foundation Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $161k against liabilities of $2,650, net assets of $159k.