Friends of Namal Inc

Analysis

Friends of Namal Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in March 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Namal Inc reported income of $1.0m and spending of $124k, leaving 88% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income grew from $236k to $1.0m (+339%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 444%. Over the whole period it spent 13% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Friends of Namal Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 84th percentile within TX. Charities of a similar size with the same main cause include Educating 4 Leadership ($1.0m), Chicago Debate Commission ($1.0m) and Future Unique Enthusiastic Leaders ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $24k. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 1 employees.