Netzach Foundation Inc

Analysis

Netzach Foundation Inc is a registered charity in United States, based in Lakewood, NJ. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Netzach Foundation Inc reported income of $4.9m and spending of $4.8m, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $701k to $4.9m (+599%), an average of +164% a year. The sharpest change came in the year to December 2022, when income rose by 712%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Netzach Foundation Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within NJ. Charities of a similar size with the same main cause include Nobis Enterprises Inc ($4.9m), Young Womens Christian Association-Knoxville YWCA ($4.9m) and Presbyterian Urban Council ($4.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $104k (2.1% of expenses). Other salaries and wages came to $180k. At year end it held assets of $332k against liabilities of $13k, net assets of $319k. It reported 5 employees.