Effie Worldwide Inc
Effie Worldwide Inc. reports a $1.26 million deficit in 2023 after a period of revenue growth.
EIN: 208875698 · New York, NY · NTEE: S034 · Updated: 2026-03-28
Is Effie Worldwide Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Effie Worldwide Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Effie Worldwide Inc
Effie Worldwide Inc (EIN: 208875698) is a nonprofit organization based in New York, NY, classified under NTEE code S034. The organization reported total revenue of $10.1M and total assets of $3.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Effie Worldwide Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Effie Worldwide Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Effie Worldwide Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Effie Worldwide Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to its officers, which is highly unusual for an organization of its size with revenues exceeding $10 million.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Effie Worldwide Inc's IRS 990 filings:
- Significant deficit in 2023 ($1,264,186) where expenses exceeded revenue.
- Substantial increase in liabilities from $968,682 in 2022 to $2,324,817 in 2023, indicating potential new financial obligations.
- Lack of detailed functional expense breakdown (program, admin, fundraising) in provided data makes full spending efficiency assessment difficult.
- Unusual consistent reporting of 0% officer compensation for an organization with over $10 million in revenue, which may warrant further inquiry into leadership compensation structures.
Strengths
The following positive indicators were identified for Effie Worldwide Inc:
- Consistent history of filing IRS Form 990s, indicating transparency and compliance.
- Strong revenue recovery post-2020, with 2022 and 2023 revenues exceeding $9.9 million.
- Positive net assets maintained across all reported periods, despite recent fluctuations.
- No reported officer compensation, suggesting a potential commitment to minimizing executive overhead.
Frequently Asked Questions about Effie Worldwide Inc
Is Effie Worldwide Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Effie Worldwide Inc (EIN: 208875698) some concerns. Mission Score: 75/100. 4 red flags identified, 4 strengths noted.
How does Effie Worldwide Inc spend its money?
Effie Worldwide Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Effie Worldwide Inc tax-deductible?
Effie Worldwide Inc is registered as a tax-exempt nonprofit (EIN: 208875698). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why did Effie Worldwide Inc. incur a $1,264,186 deficit in 2023?
The 2023 filing shows expenses of $11,247,206 against revenues of $9,983,020, resulting in a deficit. The specific reasons for this increase in expenses relative to revenue would require a deeper dive into the detailed expense categories within the full 990 filing.
What caused the significant increase in liabilities from $968,682 in 2022 to $2,324,817 in 2023?
The nearly 140% increase in liabilities in 2023 is a notable financial event. Understanding the nature of these liabilities (e.g., accounts payable, deferred revenue, loans) is crucial for assessing the organization's financial health and future obligations.
How does Effie Worldwide Inc. manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual for an organization of this scale. It suggests that key leadership roles might be filled by volunteers, compensated through other means not classified as officer compensation, or that the organization's structure allows for this unique compensation model.
What is the detailed functional expense breakdown (program, admin, fundraising) for Effie Worldwide Inc.?
Without the detailed functional expense breakdown from the full 990, it's challenging to precisely determine the percentage of spending allocated to programs versus administrative and fundraising activities. This information is critical for evaluating spending efficiency.
What is the long-term strategy for managing the fluctuations in revenue and expenses, particularly the recent deficit?
The organization has experienced significant revenue fluctuations, including a sharp decline in 2020 and a recent deficit in 2023. Understanding the strategy to stabilize revenue and manage expenses is important for assessing its sustainability.
Filing History
IRS 990 filing history for Effie Worldwide Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Effie Worldwide Inc's revenue has grown by 341.9%, moving from $2.3M to $10.0M. Total assets increased by 323.2% over the same period, from $1.1M to $4.5M. Total functional expenses rose by 547.7%, from $1.7M to $11.2M. In its most recent filing year (2023), Effie Worldwide Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $4.5M in assets (debt-to-asset ratio: 51.7%), resulting in net assets of $2.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $10.0M | $11.2M | $4.5M | $2.3M | — | — |
| 2022 | $10.1M | $9.2M | $5.8M | $969K | — | View 990 |
| 2021 | $9.0M | $7.9M | $5.2M | $1.1M | — | View 990 |
| 2020 | $1.6M | $2.0M | $3.5M | $886K | — | — |
| 2020 | $3.9M | $4.8M | $3.6M | $590K | — | View 990 |
| 2019 | $5.2M | $5.0M | $4.6M | $513K | — | View 990 |
| 2018 | $4.6M | $4.5M | $4.2M | $350K | — | View 990 |
| 2017 | $5.0M | $4.1M | $3.8M | $164K | — | View 990 |
| 2016 | $4.3M | $3.5M | $2.8M | $165K | — | View 990 |
| 2015 | $3.6M | $3.2M | $2.2M | $282K | — | View 990 |
| 2014 | $2.8M | $2.8M | $1.7M | $219K | — | View 990 |
| 2013 | $2.6M | $2.5M | $1.7M | $332K | — | View 990 |
| 2012 | $2.3M | $2.1M | $1.4M | $135K | — | View 990 |
| 2011 | $2.3M | $1.7M | $1.1M | $118K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $10.0M, expenses of $11.2M, and assets of $4.5M (revenue -0.8% year-over-year).
- 2022: Revenue of $10.1M, expenses of $9.2M, and assets of $5.8M (revenue +11.6% year-over-year).
- 2021: Revenue of $9.0M, expenses of $7.9M, and assets of $5.2M (revenue +464.9% year-over-year).
- 2020: Revenue of $1.6M, expenses of $2.0M, and assets of $3.5M (revenue -59.0% year-over-year).
- 2020: Revenue of $3.9M, expenses of $4.8M, and assets of $3.6M (revenue -25.5% year-over-year).
- 2019: Revenue of $5.2M, expenses of $5.0M, and assets of $4.6M (revenue +12.4% year-over-year).
- 2018: Revenue of $4.6M, expenses of $4.5M, and assets of $4.2M (revenue -7.6% year-over-year).
- 2017: Revenue of $5.0M, expenses of $4.1M, and assets of $3.8M (revenue +17.4% year-over-year).
- 2016: Revenue of $4.3M, expenses of $3.5M, and assets of $2.8M (revenue +19.0% year-over-year).
- 2015: Revenue of $3.6M, expenses of $3.2M, and assets of $2.2M (revenue +26.6% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.8M, and assets of $1.7M (revenue +7.8% year-over-year).
- 2013: Revenue of $2.6M, expenses of $2.5M, and assets of $1.7M (revenue +13.2% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.1M, and assets of $1.4M (revenue +3.1% year-over-year).
- 2011: Revenue of $2.3M, expenses of $1.7M, and assets of $1.1M.
Data Sources and Methodology
This transparency report for Effie Worldwide Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.