Nerdit Foundation

Analysis

Nerdit Foundation is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in February 2019, 7 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 November 2022, Nerdit Foundation reported income of $200k and spending of $326k, spending 163% of what it took in. Across the 3 years on record, from November 2020 to November 2022, income fell from $295k to $200k (-32%), an average of -18% a year. The sharpest change came in the year to November 2021, when income rose by 142%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nerdit Foundation sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 49th percentile within DE. Charities of a similar size with the same main cause include Friends of El Centro Community Services Foundation ($200k), Friends of Herriman Parks Trails Arts and Culture ($200k) and Oregon City Farmers Market Inc ($200k).

On its Form 990 for the period ending November 2022, revenue came from contributions and grants 100% of the total. At year end it held assets of $97k against liabilities of $0, net assets of $97k.