Tom and Ingeborg Nesset Foundation

Analysis

Tom and Ingeborg Nesset Foundation is a registered charity in United States, based in Acme, WA. It received its IRS tax-exemption ruling in February 1998, 28 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Tom and Ingeborg Nesset Foundation reported income of $131k and spending of $21k, leaving 84% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $28k to $131k (+363%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 296%. Over the whole period it spent 33% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Tom and Ingeborg Nesset Foundation sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 40th percentile within WA. Charities of a similar size with the same main cause include Alabama Golf Charities Inc ($131k), Alabama Power Company Energizers Inc ($131k) and Mobile Area Jewish Federation Inc ($131k).

At year end it held assets of $2.7m against liabilities of $0, net assets of $2.7m.