Norfolk Foundation Inc

Analysis

Norfolk Foundation Inc is a registered charity in United States, based in Sherborn, MA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Norfolk Foundation Inc reported income of $112k and spending of $73k, leaving 35% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $64k to $112k (+73%), an average of +73% a year. The sharpest change came in the year to December 2023, when income rose by 73%. Over the whole period it spent 70% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Norfolk Foundation Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Reedleys River City Theater Company ($112k), Portland International Conference on Management of Engineering & Tec ($112k) and Co of Military Historians Treasurers Office ($112k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.