Nyamwange Foundation Inc

Analysis

Nyamwange Foundation Inc is a registered charity in United States, based in Jersey City, NJ. It received its IRS tax-exemption ruling in August 2018, 8 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 (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, Nyamwange Foundation Inc reported income of $93k and spending of $15k, leaving 83% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $67k to $93k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 31% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Nyamwange Foundation Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 43rd percentile within NJ. Charities of a similar size with the same main cause include Lincoln Little League Inc ($93k), Walnut Creek Warrior Lacrosse ($93k) and White County Extension Support Committee ($93k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $111k against liabilities of $0, net assets of $111k.