Nasrallah Family Foundation

Analysis

Nasrallah Family Foundation is a registered charity in United States, based in Bay Village, OH. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Nasrallah Family Foundation reported income of $55k and spending of $58k, spending 105% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $54k to $55k (+1.3%), an average of +1.3% a year. Over the whole period it spent 103% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nasrallah Family Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 21st percentile, and in the 22nd percentile within OH. Charities of a similar size with the same main cause include Aaron Zachary Gruen Endowment Fund of Yavneh Academy ($55k), Lake Almanor Community Foundation ($55k) and Henry Barnard Memorial Fund Inc ($55k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 37% of the total. At year end it held assets of $1,450 against liabilities of $0, net assets of $1,450.