Nikao Foundation

Analysis

Nikao Foundation is a registered charity in United States, based in Denham SPGS, LA. It received its IRS tax-exemption ruling in July 2022, 4 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Nikao Foundation reported income of $68k and spending of $62k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $5,751 to $68k (+1090%), an average of +1090% a year. The sharpest change came in the year to December 2023, when income rose by 1090%. Over the whole period it spent 90% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Nikao Foundation sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 27th percentile within LA. Charities of a similar size with the same main cause include Fennimore Area Foundation Inc ($68k), Ohio Brew Week Inc ($68k) and Oak Ridge Land Bank Inc ($68k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $7,089 against liabilities of $0, net assets of $7,089.