Nor Lea Foundation Inc

Analysis

Nor Lea Foundation Inc is a registered charity in United States, based in Lovington, NM. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Nor Lea Foundation Inc reported income of $211k and spending of $49k, leaving 77% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $112k to $211k (+88%), an average of +17% a year. The sharpest change came in the year to June 2023, when income rose by 75%. Over the whole period it spent 32% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Nor Lea Foundation Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NM. Charities of a similar size with the same main cause include Caribbean 12 Step Inc ($211k), Clear Thoughts Foundation ($211k) and Shalom Center Inc ($211k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.2m against liabilities of $0, net assets of $1.2m.