Is Nyaad Inc Legit?

Red Flags

Zero expenses reported in 2023 despite significant revenue ($187,346), raising questions about financial reporting accuracy and operational status.
Highly inconsistent expense reporting across multiple years, making it difficult to analyze spending efficiency and program allocation.
Lack of detailed expense breakdown prevents assessment of program spending versus administrative or fundraising costs.
Inability to determine the percentage of funds directly applied to mission-related programs due to reporting gaps.

Spending Breakdown

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

Program Spending

Concerning — less than half to programs

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 Nyaad Inc

Is Nyaad Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Nyaad Inc (EIN: 141638230) has notable concerns. Mission Score: 30/100. 4 red flags identified, 3 strengths noted.

Is Nyaad Inc a good charity to donate to?

Nyaad Inc has a Mission Score of 30/100. Revenue: $167K. Assets: $292K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Nyaad Inc?

The Employer Identification Number (EIN) for Nyaad Inc is 141638230. 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 Nyaad Inc spend its money?

Nyaad Inc allocates 0% to programs, 0% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

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

You can verify Nyaad Inc's tax-exempt status using EIN 141638230 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

Nyaad Inc. demonstrates a mixed financial picture based on its IRS 990 filings. While the organization consistently reports revenue, its expense reporting is highly inconsistent, with zero expenses reported in 2023 despite significant revenue of $187,346. This lack of detailed expense reporting makes it difficult to assess spending efficiency and program impact. The organization's assets have grown significantly over the years, from $29,582 in 2014 to $256,711 in 2023, indicating financial stability in terms of asset accumulation, but the purpose of these assets and how they relate to program delivery is unclear without expense details.

The absence of reported officer compensation across all filings suggests a volunteer-led or very lean administrative structure, which can be a positive for donor confidence regarding executive pay. However, the overall transparency is hampered by the erratic expense reporting. For instance, in 2022, expenses were $26,769 against $116,776 in revenue, while in 2021, expenses were $50,003 against $172,511 in revenue. The most recent filing showing zero expenses raises significant questions about financial reporting accuracy and operational transparency, making a thorough analysis of spending efficiency challenging.

To improve transparency and allow for a more accurate assessment of financial health and spending efficiency, Nyaad Inc. needs to provide consistent and detailed expense reporting. Without this, it is difficult to ascertain how much of its revenue is directly applied to its programs versus administrative or fundraising costs, or if funds are being accumulated without clear programmatic use. The current reporting practices hinder a full understanding of the organization's financial operations and its commitment to its stated mission.

Verdict: Nyaad Inc has notable concerns