Quick charity verification for Nest Inc (EIN: 205450672)
Verdict: Nest Inc appears trustworthy
85/100Mission Score
$4.2MRevenue
$6.2MAssets
1Red Flags
4Strengths
Red Flags
Unusually low (0%) reported officer compensation across all filings, which may obscure actual executive remuneration if reported elsewhere.
Strengths
Consistent and significant revenue growth, from $2,076,156 in 2014 to $5,653,162 in 2023.
Strong asset accumulation, with assets growing from $1,982,238 in 2014 to $6,187,879 in 2023.
Healthy financial position with assets significantly exceeding liabilities ($6,187,879 assets vs. $1,079,847 liabilities in 2023).
Expenses generally tracking below revenue, indicating sound financial management and ability to build reserves.
Spending Breakdown
How Nest Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
10%
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 Nest Inc
Is Nest Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nest Inc (EIN: 205450672) appears trustworthy. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
Is Nest Inc a good charity to donate to?
Nest Inc has a Mission Score of 85/100. Revenue: $4.2M. Assets: $6.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nest Inc?
The Employer Identification Number (EIN) for Nest Inc is 205450672. 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 Nest Inc spend its money?
Nest Inc allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nest Inc's tax-exempt status?
You can verify Nest Inc's tax-exempt status using EIN 205450672 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
Nest Inc. demonstrates a consistent pattern of financial growth and responsible management over the past decade. Their revenue has steadily increased, from $2,076,156 in 2014 to $5,653,162 in 2023, indicating strong donor support and program expansion. The organization has maintained healthy asset growth, reaching $6,187,879 in 2023, significantly outpacing liabilities which stood at $1,079,847 in the same period. This suggests a solid financial foundation and good liquidity.
Spending efficiency appears to be a strong point, with expenses generally tracking below revenue, allowing for asset accumulation. For instance, in 2023, expenses were $5,410,621 against revenues of $5,653,162. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice, while unusual, suggests a highly volunteer-driven leadership or that compensation is reported under other categories, which would warrant further investigation for complete transparency.
Overall, Nest Inc. appears to be a financially healthy and growing organization. Their consistent financial reporting and the absence of reported officer compensation contribute positively to their transparency profile. However, a detailed breakdown of program, administrative, and fundraising expenses from the 990 forms would provide a more granular view of their spending efficiency.