The Naspghan Foundation

Analysis

The Naspghan Foundation is a registered charity in United States, based in Ambler, PA. It received its IRS tax-exemption ruling in May 1999, 27 years ago. Its declared purposes cover medical research, 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, The Naspghan Foundation reported income of $1.8m and spending of $1.7m, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.6m to $1.8m (+14%), an average of +3.4% a year. The sharpest change came in the year to December 2021, when income rose by 22%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, The Naspghan Foundation sits at the 71st percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 84th percentile within PA. Charities of a similar size with the same main cause include White Memorial Community Benefit Co RP ($1.8m), Breast Cancer Research Foundation of Alabama ($1.8m) and Addiction Recovery Centers of the Black Hills ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $50k (2.9% of expenses). Other salaries and wages came to $76k. At year end it held assets of $7.5m against liabilities of $1.8m, net assets of $5.7m.