Nyfwa Education Scholarship Foundation Inc

Analysis

Nyfwa Education Scholarship Foundation Inc is a registered charity in United States, based in Ridgewood, NJ. It received its IRS tax-exemption ruling in June 2018, 8 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 January 2024, Nyfwa Education Scholarship Foundation Inc reported income of $72k and spending of $72k, spending 100% of its income. Across the 5 years on record, from January 2020 to January 2024, income grew from $70k to $72k (+2.9%), an average of +0.7% a year. The sharpest change came in the year to January 2023, when income rose by 198%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nyfwa Education Scholarship Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within NJ. Charities of a similar size with the same main cause include Somers Track & Field Booster Club ($72k), Calvary Kids Cooperative Pre-School ($72k) and Gene Witt Elementary PTO Inc ($72k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $0 against liabilities of $0, net assets of $0.