Eagles Nest Foundation Incorporated

Analysis

Eagles Nest Foundation Incorporated is a registered charity in United States, based in Pisgah Forest, NC. It received its IRS tax-exemption ruling in September 1950, 76 years ago. Its declared purposes cover environment, which this site groups under environment and conservation. 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 2022, Eagles Nest Foundation Incorporated reported income of $3.4m and spending of $3.1m, spending 90% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $3.0m to $3.4m (+12%), an average of +3.8% a year. The sharpest change came in the year to December 2021, when income rose by 85%. Over the whole period it spent 88% of the income it received.

Among 10,430 United States charities whose main cause is environment and conservation and that reported income, Eagles Nest Foundation Incorporated sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NC. Charities of a similar size with the same main cause include Evanston Rebuilding Warehouse ($3.4m), Oglebay Institute ($3.4m) and Healthy Gulf ($3.4m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 18% and program service revenue 81% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $7.1m against liabilities of $1.9m, net assets of $5.2m. It reported 155 employees.