Is Nara Fund Inc Legit?

Spending Breakdown

How Nara Fund Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

Fundraising

Within typical range

How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Nara Fund Inc

Is Nara Fund Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Nara Fund Inc (EIN: 133060101) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.

Is Nara Fund Inc a good charity to donate to?

Nara Fund Inc has a Mission Score of 85/100. Revenue: $2.0M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Nara Fund Inc?

The Employer Identification Number (EIN) for Nara Fund Inc is 133060101. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Nara Fund Inc spend its money?

Nara Fund Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Nara Fund Inc's tax-exempt status?

You can verify Nara Fund Inc's tax-exempt status using EIN 133060101 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Nara Fund Inc. demonstrates consistent financial stability with assets consistently over $2 million, reaching $2,260,037 in the latest period. The organization's revenue has fluctuated, with a notable peak of $313,250 in 2021 and a recent high of $166,491 in 2023. Expenses have generally remained below revenue in recent years, indicating sound financial management. A key aspect of their financial health is the extremely low liabilities, consistently reported as $1 or $0 across all filings, suggesting a very strong balance sheet and minimal debt burden. The absence of reported officer compensation across all filings is a significant indicator of either a fully volunteer-run leadership or a structure where compensation is not reported in this section, which warrants further investigation for complete transparency.

Spending efficiency appears to be strong, given the consistent positive net assets and the fact that expenses are generally well-managed relative to revenue. Without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to precisely quantify efficiency in each area. However, the overall financial picture suggests that the organization is not overspending. The consistent asset base, despite varying annual revenues, points to effective stewardship of resources over time.

Transparency is generally good through the availability of 10 years of IRS 990 filings. However, the lack of reported officer compensation, while potentially positive, could also be a point for further inquiry to understand the full operational structure. The absence of an NTEE code also slightly hinders a clear understanding of their specific programmatic focus, which could be improved for better donor insight.

Verdict: Nara Fund Inc appears trustworthy

Red Flags

Strengths