Nile Foundation Inc

Analysis

Nile Foundation Inc is a registered charity in United States, based in Tampa, FL. It received its IRS tax-exemption ruling in January 2018, 8 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, Nile Foundation Inc reported income of $149k and spending of $29k, leaving 80% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $176k to $149k (-15%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 15%. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nile Foundation Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within FL. Charities of a similar size with the same main cause include Kids Chance of Michigan Inc ($148k), Jonna and Jill Foundation Inc ($149k) and Living Water Foundation ($148k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $119k against liabilities of $0, net assets of $119k.