The Nazarene Fund

Analysis

The Nazarene Fund is a registered charity in United States, based in Providence, UT. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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, The Nazarene Fund reported income of $3.0m and spending of $23.9m, spending 805% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $3.7m to $3.0m (-21%), an average of -7.5% a year. The sharpest change came in the year to December 2022, when income rose by 221%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Nazarene Fund sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within UT. Charities of a similar size with the same main cause include Waterfire Providence ($3.0m), Northern California Land Trust Inc ($3.0m) and Delaware Museum of Nature and Science Inc ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 80% and program service revenue 0.1% of the total. Other salaries and wages came to $107k. At year end it held assets of $613k against liabilities of $0, net assets of $613k.