Ntnu Heritage Foundation of North America

Analysis

Ntnu Heritage Foundation of North America is a registered charity in United States, based in Richmond, CA. It received its IRS tax-exemption ruling in April 2020, 6 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, Ntnu Heritage Foundation of North America reported income of $1.3m and spending of $143k, leaving 89% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $260k to $1.3m (+388%), an average of +388% a year. The sharpest change came in the year to December 2023, when income rose by 388%. Over the whole period it spent 22% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ntnu Heritage Foundation of North America sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Immigrant Connection Inc ($1.3m), Perfect Place Drop-In Center Inc ($1.3m) and Relay Resources Enterprises ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $1.4m against liabilities of $0, net assets of $1.4m.