Quick charity verification for Nonami Foundation Inc (EIN: 208083384)
Verdict: Nonami Foundation Inc appears trustworthy
75/100Mission Score
$265KRevenue
$6.9MAssets
2Red Flags
4Strengths
Red Flags
Consistent operational deficits (expenses exceeding revenue in 8 out of 10 periods)
Reliance on asset drawdowns to cover annual expenses
Strengths
Substantial asset base ($6,901,080 latest) providing financial stability
Zero officer compensation reported across all filings
Low liabilities in recent years (e.g., $1 in 2023)
Consistent IRS 990 filing history demonstrating transparency
Spending Breakdown
How Nonami Foundation 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
5%
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 Nonami Foundation Inc
Is Nonami Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nonami Foundation Inc (EIN: 208083384) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
Is Nonami Foundation Inc a good charity to donate to?
Nonami Foundation Inc has a Mission Score of 75/100. Revenue: $265K. Assets: $6.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Nonami Foundation Inc?
The Employer Identification Number (EIN) for Nonami Foundation Inc is 208083384. 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 Nonami Foundation Inc spend its money?
Nonami Foundation Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Nonami Foundation Inc's tax-exempt status?
You can verify Nonami Foundation Inc's tax-exempt status using EIN 208083384 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 Nonami Foundation Inc. demonstrates a consistent pattern of operating at a deficit in recent years, with expenses exceeding revenue in 8 out of the last 10 reported periods. For instance, in 2023, expenses were $208,675 against revenues of $123,466, and in 2022, expenses were $153,928 against revenues of $104,790. Despite these operational deficits, the organization maintains substantial assets, reported at $6,901,080 in the latest filing, indicating a strong endowment or investment base that supports its activities. The liabilities have generally remained low in recent years, with the latest reported at $1, suggesting good financial management of its obligations.
The organization's spending efficiency is difficult to fully assess without a detailed breakdown of program, administrative, and fundraising expenses, which are not provided in the summary data. However, the consistent operational deficits suggest that the foundation is drawing down on its assets or relying on prior period surpluses to fund its operations. The absence of reported officer compensation across all filings indicates a commitment to minimizing overhead in this area, which is a positive sign for donor confidence. Transparency appears to be high given the consistent filing of IRS Form 990s over a decade.
Overall, while the Nonami Foundation Inc. consistently spends more than it earns annually, its substantial asset base provides a buffer. The lack of officer compensation and low liabilities are positive indicators, but a deeper dive into the allocation of its expenses would be beneficial to fully understand its spending efficiency and program impact.