The Nathaniel Foundation Inc

Analysis

The Nathaniel Foundation Inc is a registered charity in United States, based in Kingwood, TX. It received its IRS tax-exemption ruling in May 1995, 31 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 supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Nathaniel Foundation Inc reported income of $5.7m and spending of $5.3m, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $5.7m (+37%), an average of +8.3% a year. The sharpest change came in the year to December 2021, when income rose by 188%. Over the whole period it spent 101% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Nathaniel Foundation Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include United Way of Champaign County Illinois Inc ($5.7m), The United Way of Youngstown and the Mahoning Valley ($5.7m) and Jewish Federation of Western Massachusetts Inc ($5.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $719k. At year end it held assets of $3.7m against liabilities of $1.2m, net assets of $2.5m.