Navigant Credit Union Charitable Foundation Inc

Analysis

Navigant Credit Union Charitable Foundation Inc is a registered charity in United States, based in Smithfield, RI. It received its IRS tax-exemption ruling in September 2017, 9 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 private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Navigant Credit Union Charitable Foundation Inc reported income of $683k and spending of $488k, leaving 28% of income unspent that year. Across the 4 years on record, from December 2019 to December 2022, income fell from $1.8m to $683k (-62%), an average of -28% a year. The sharpest change came in the year to December 2021, when income rose by 77%. Over the whole period it spent 9.2% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Navigant Credit Union Charitable Foundation Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 70th percentile within RI. Charities of a similar size with the same main cause include Beth El Foundation of Minnesota Inc ($682k), Breman Foundation Inc ($684k) and Lithuanian American Community Inc ($681k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 63% of the total. At year end it held assets of $9.1m against liabilities of $0, net assets of $9.1m.