Niles Foundation

Analysis

Niles Foundation is a registered charity in United States, based in Culver City, CA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Niles Foundation reported income of $652k and spending of $483k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $196k to $652k (+233%), an average of +233% a year. The sharpest change came in the year to December 2023, when income rose by 233%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Niles Foundation sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Motley Fool Foundation ($652k), Central Outreach and Advocacy Center Inc ($653k) and KC Farm School Inc ($652k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $29k (6.0% of expenses). Other salaries and wages came to $40k. At year end it held assets of $248k against liabilities of $27k, net assets of $222k.