Is New England Anime Society Inc Legit?

Quick charity verification for New England Anime Society Inc (EIN: 100003511)

Verdict: New England Anime Society Inc appears trustworthy

75/100Mission Score
$2.4MRevenue
$1.3MAssets
3Red Flags
3Strengths

Red Flags

Strengths

AI Transparency Report

The New England Anime Society Inc. demonstrates fluctuating financial health over the past several years, with significant revenue and expense swings. For instance, revenue plummeted from $1,879,299 in 2019 to just $353 in 2020, then rebounded dramatically to $2,283,859 in 2022 and $2,626,493 in 2023. This volatility, while potentially tied to event-based operations, suggests a less stable financial footing than organizations with consistent revenue streams. The organization consistently reports 0% officer compensation, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. However, the 2023 filing shows expenses ($2,857,901) exceeding revenue ($2,626,493), leading to a net loss and a decrease in assets from $946,004 in 2022 to $726,266 in 2023. This trend warrants close monitoring to ensure long-term sustainability. The lack of reported officer compensation also implies a volunteer-driven leadership, which can be efficient but also raises questions about the professionalization and long-term strategic planning capacity for an organization managing multi-million dollar revenues.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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