Africa Nazarene University Foundation

Analysis

Africa Nazarene University Foundation is a registered charity in United States, based in Spring Hill, TN. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Africa Nazarene University Foundation reported income of $549k and spending of $608k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $664k to $549k (-17%), an average of -9.1% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Africa Nazarene University 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 72nd percentile, and in the 73rd percentile within TN. Charities of a similar size with the same main cause include Oak Ridge High School Sports Booster Club ($549k), Stacks and Joules Inc ($549k) and Justice Resource Center ($549k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $321k against liabilities of $0, net assets of $321k.