Friends of Nord Inc

Analysis

Friends of Nord Inc is a registered charity in United States, based in New Orleans, LA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Friends of Nord Inc reported income of $202k and spending of $193k, spending 95% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $214k to $202k (-5.6%), an average of -2.8% a year. Over the whole period it spent 87% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Friends of Nord Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 53rd percentile within LA. Charities of a similar size with the same main cause include Mobile Law Enforcement Foundation Inc ($202k), Do It for Durrett Foundation Inc ($203k) and BVM Foundation 083115 ($202k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. At year end it held assets of $158k against liabilities of $0, net assets of $158k.