Nsoro Foundation Inc

Analysis

Nsoro Foundation Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in June 2007, 19 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 June 2023, Nsoro Foundation Inc reported income of $1.5m and spending of $1.8m, spending 116% of what it took in. Across the 4 years on record, from December 2019 to June 2023, income grew from $1.5m to $1.5m (+0.1%), an average of +0.0% a year. The sharpest change came in the year to June 2023, when income rose by 407%. Over the whole period it spent 94% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Nsoro Foundation Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 87th percentile within GA. Charities of a similar size with the same main cause include National Center for Montessori in the Public Sector ($1.5m), National Institute for Medical Assistant Advancement Inc ($1.5m) and The Expectations Project Inc ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $124k (7.0% of expenses). Other salaries and wages came to $74k. At year end it held assets of $1.2m against liabilities of $132k, net assets of $1.1m. It reported 3 employees.