Quick charity verification for Near East Foundation (EIN: 131624114)
Verdict: Near East Foundation appears trustworthy
88/100Mission Score
$31.7MRevenue
$29.8MAssets
1Red Flags
5Strengths
Red Flags
Significant increase in liabilities from $9.1M to $20.0M between 2022 and 2023, warranting further investigation.
Strengths
Consistent revenue growth, from $7.1M in 2014 to $20.1M in 2023, demonstrating strong financial support.
Healthy asset accumulation, reaching $28.5M in 2023, indicating financial stability and capacity.
Consistent operational surpluses, with expenses generally below revenue.
0% reported officer compensation across all filings, indicating excellent financial stewardship regarding executive pay.
Long and consistent IRS 990 filing history, demonstrating good governance and transparency.
Spending Breakdown
How Near East Foundation allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
12%
Admin Costs
Reasonable — admin costs in check
8%
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 Near East Foundation
Is Near East Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Near East Foundation (EIN: 131624114) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is Near East Foundation a good charity to donate to?
Near East Foundation has a Mission Score of 88/100. Revenue: $31.7M. Assets: $29.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Near East Foundation?
The Employer Identification Number (EIN) for Near East Foundation is 131624114. 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 Near East Foundation spend its money?
Near East Foundation allocates 80% to programs, 12% to administration, and 8% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Near East Foundation's tax-exempt status?
You can verify Near East Foundation's tax-exempt status using EIN 131624114 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
The Near East Foundation (NEF) demonstrates a generally healthy financial trajectory, with significant growth in revenue and assets over the past decade. Revenue has surged from $7.1 million in 2014 to $20.1 million in 2023, indicating strong fundraising or grant acquisition capabilities. The organization consistently operates with a positive net income, as expenses are typically slightly below revenue, allowing for asset accumulation. For instance, in 2023, revenue was $20,135,222 against expenses of $19,135,786, contributing to an asset base of $28,515,069.
Spending efficiency appears to be a strength, given the consistent operational surpluses. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall financial health suggests effective resource management. The organization's asset growth, particularly the jump from $16.2 million in 2022 to $28.5 million in 2023, is notable and could indicate successful investment strategies or significant new funding streams. However, the corresponding increase in liabilities from $9.1 million to $20.0 million in the same period warrants closer examination to understand the nature of these obligations.
Transparency regarding executive compensation is excellent, with 0% officer compensation reported across all available filings. This indicates that the organization's leadership is either entirely volunteer-based or compensated through other means not categorized as 'officer compensation' on these specific forms, which is a positive sign for donor confidence. The consistent filing history also points to good governance and adherence to reporting requirements.