NFX

Analysis

NFX is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in October 2017, 9 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, NFX reported income of $9.5m and spending of $5.4m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.5m to $9.5m (+109%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 60% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, NFX sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within MI. Charities of a similar size with the same main cause include American Psychological Association Inc ($9.5m), Griffith Centers Inc ($9.5m) and Ellis County Coalition for Health Options ($9.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 119% of the total. At year end it held assets of $18.4m against liabilities of $140k, net assets of $18.3m.