Nanny Loft Foundation

Analysis

Nanny Loft Foundation is a registered charity in United States, based in Allentown, PA. It received its IRS tax-exemption ruling in September 2016, 10 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Nanny Loft Foundation reported income of $200k and spending of $220k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $240k to $200k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 112% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Nanny Loft Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Pohai Nani Foundation ($200k), Camino Y Esperanza NFP ($200k) and 19th Ward Youth & Community Foundation ($200k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.2% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $53k (24% of expenses). Other salaries and wages came to $68k. At year end it held assets of $15k against liabilities of $67k, net assets of -$52k. It reported 26 employees.