Noras Gift Foundation Inc

Analysis

Noras Gift Foundation Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Noras Gift Foundation Inc reported income of $2.6m and spending of $1.7m, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.3m to $2.6m (+16%), an average of +3.8% a year. The sharpest change came in the year to December 2022, when income rose by 361%. Over the whole period it spent 46% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Noras Gift Foundation Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 91st percentile within TX. Charities of a similar size with the same main cause include Northwest Mothers Milk Bank ($2.6m), Tmc3 Development Corporation ($2.6m) and Anmed Health Foundation ($2.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 9.6% of the total. Compensation of current officers, directors and key employees was $114k (6.8% of expenses). Other salaries and wages came to $517k. At year end it held assets of $17.6m against liabilities of $78k, net assets of $17.5m. It reported 21 employees.