Nafasi Fund

Analysis

Nafasi Fund is a registered charity in United States, based in Huntsville, AL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Nafasi Fund reported income of $2.7m and spending of $5.7m, spending 210% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.3m to $2.7m (+107%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 1202%. Over the whole period it spent 42% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Nafasi Fund sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 92nd percentile within AL. Charities of a similar size with the same main cause include New Hope for Youth ($2.7m), Boy Scouts of America ($2.7m) and Boys & Girls Club of Jefferson City ($2.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $94k (1.7% of expenses). Other salaries and wages came to $189k. At year end it held assets of $14.8m against liabilities of $2.3m, net assets of $12.4m. It reported 3 employees.