Foundation for Nursing Advancement in Massachusetts

Analysis

Foundation for Nursing Advancement in Massachusetts is a registered charity in United States, based in Hopkinton, MA. It received its IRS tax-exemption ruling in September 2020, 6 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foundation for Nursing Advancement in Massachusetts reported income of $72k and spending of $58k, spending 80% of its income. Across the 2 years on record, from June 2022 to June 2023, income fell from $75k to $72k (-4.4%), an average of -4.4% a year. Over the whole period it spent 78% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Foundation for Nursing Advancement in Massachusetts sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 36th percentile within MA. Charities of a similar size with the same main cause include Rob Benzon Dan Ferbal Foundation ($72k), Woman on Purpose Inc ($72k) and Kiwanis Foundation of Tierrasanta San Diego California ($72k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 77% and program service revenue 23% of the total. At year end it held assets of $56k against liabilities of $3,061, net assets of $52k.