Nick Loeb Foundation Inc

Analysis

Nick Loeb Foundation Inc is a registered charity in United States, based in Wilmington, DE. It received its IRS tax-exemption ruling in January 2023, 3 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Nick Loeb Foundation Inc reported income of $294k and spending of $268k, spending 91% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $301k to $294k (-2.4%), an average of -2.4% a year. Over the whole period it spent 45% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Nick Loeb Foundation Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 56th percentile within DE. Charities of a similar size with the same main cause include Fresno Athletic Hall of Fame ($294k), Baltimore Improv Group Inc ($294k) and Ethiopian Muslim Association of Seattle ($294k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% of the total. At year end it held assets of $243k against liabilities of $0, net assets of $243k.