Nasib Foundation

Analysis

Nasib Foundation is a registered charity in United States, based in Upland, CA. It received its IRS tax-exemption ruling in May 2021, 5 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 December 2023, Nasib Foundation reported income of $480k and spending of $883k, spending 184% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $20.5m to $480k (-98%), an average of -85% a year. The sharpest change came in the year to December 2022, when income dropped by 106%. Over the whole period it spent 8.6% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Nasib Foundation sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within CA. Charities of a similar size with the same main cause include American Fund for Athens College in Greece ($480k), Wayne Senior Housing Development Corporation ($481k) and Fashion Relief USA Ltd ($480k).

At year end it held assets of $18.7m against liabilities of $0, net assets of $18.7m.