Friends Of Nahal Haredi Inc
Friends Of Nahal Haredi Inc consistently spends more than it earns, with no reported officer compensation.
EIN: 134069565 · Teaneck, NJ · NTEE: Q113 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.7M |
| Total Expenses | $1.0M |
| Program Spending | 80% |
| Net Assets | $78K |
| Transparency Score | 70/100 |
Is Friends Of Nahal Haredi Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of Nahal Haredi Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friends Of Nahal Haredi Inc
Friends Of Nahal Haredi Inc (EIN: 134069565) is a nonprofit organization based in Teaneck, NJ, classified under NTEE code Q113. The organization reported total revenue of $2.7M and total assets of $713K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of Nahal Haredi Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of Nahal Haredi Inc is a mid-size nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $929K |
| Total Expenses | $1.0M |
| Surplus / Deficit | $-96,410 |
| Total Assets | $78K |
| Net Assets | $78K |
| Operating Margin | -10.4% |
| Months of Reserves | 0.9 months |
Financial Health Grade: C
In 2023, Friends Of Nahal Haredi Inc reported a deficit of $96K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), Friends Of Nahal Haredi Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.8% | +38.9% | -55.3% |
| 2022 | +9.2% | +32.3% | -27.0% |
| 2021 | +26.3% | +76.6% | +32.6% |
| 2020 | +41.1% | -7.4% | +2228.3% |
| 2019 | -25.8% | -39.5% | -35.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of Nahal Haredi Inc with a Mission Score of 70 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Friends Of Nahal Haredi Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $96K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that executive leadership is either unpaid or compensated through non-officer categories, which is a strong positive for resource allocation efficiency.
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 Friends Of Nahal Haredi Inc's IRS 990 filings:
- Consistent operational deficits (e.g., 2023 expenses $1,025,461 vs. revenue $929,051)
- Fluctuating asset base relative to revenue, indicating potential instability
Strengths
The following positive indicators were identified for Friends Of Nahal Haredi Inc:
- Consistent reporting of 0% officer compensation across all filings
- No reported liabilities in most recent years (e.g., 2023, 2022, 2021)
- Extensive filing history (13 filings) demonstrating transparency
Frequently Asked Questions about Friends Of Nahal Haredi Inc
Is Friends Of Nahal Haredi Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of Nahal Haredi Inc (EIN: 134069565) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Friends Of Nahal Haredi Inc spend its money?
Friends Of Nahal Haredi Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of Nahal Haredi Inc tax-deductible?
Friends Of Nahal Haredi Inc is registered as a tax-exempt nonprofit (EIN: 134069565). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friends Of Nahal Haredi Inc's spending goes to programs?
Friends Of Nahal Haredi Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friends Of Nahal Haredi Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Friends Of Nahal Haredi Inc is above average for NTEE category Q113 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of Nahal Haredi Inc located?
Friends Of Nahal Haredi Inc is headquartered in Teaneck, New Jersey and files with the IRS under EIN 134069565. It is classified under NTEE code Q113.
How many years of IRS 990 filings does Friends Of Nahal Haredi Inc have?
Friends Of Nahal Haredi Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.7M in total revenue.
Is Friends Of Nahal Haredi Inc financially sustainable given its recurring deficits?
The organization has reported expenses exceeding revenue in several recent periods (e.g., 2023, 2022, 2018, 2015). While assets have fluctuated, this trend of deficit spending could impact long-term financial sustainability if not managed effectively.
How does Friends Of Nahal Haredi Inc fund its operations without reported officer compensation?
The consistent reporting of 0% officer compensation suggests that leadership may be volunteer-based or compensated through other means not classified as officer compensation on the 990 form. This practice can free up more funds for programmatic activities.
What is the specific breakdown of program, administrative, and fundraising expenses?
Without a detailed breakdown of functional expenses in the provided data, it's difficult to precisely determine the exact percentages allocated to programs, administration, and fundraising. This information is crucial for a complete assessment of spending efficiency.
Filing History
IRS 990 filing history for Friends Of Nahal Haredi Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Friends Of Nahal Haredi Inc's revenue has grown by 38.8%, moving from $669K to $929K. Total assets decreased by 34.4% over the same period, from $119K to $78K. Total functional expenses rose by 67.6%, from $612K to $1.0M. In its most recent filing year (2023), Friends Of Nahal Haredi Inc reported a deficit of $96K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $929K | $1.0M | $78K | $0 | — | — |
| 2022 | $674K | $738K | $174K | $0 | — | View 990 |
| 2021 | $617K | $558K | $239K | $0 | — | View 990 |
| 2020 | $489K | $316K | $180K | $0 | — | — |
| 2019 | $346K | $342K | $8K | $0 | — | View 990 |
| 2018 | $467K | $565K | $12K | $9K | — | View 990 |
| 2017 | $651K | $570K | $101K | $0 | — | View 990 |
| 2016 | $662K | $656K | $20K | $0 | — | View 990 |
| 2015 | $1.1M | $1.2M | $16K | $856 | — | View 990 |
| 2014 | $992K | $914K | $162K | $0 | — | View 990 |
| 2013 | $896K | $948K | $89K | $5K | — | View 990 |
| 2012 | $807K | $740K | $138K | $2K | — | View 990 |
| 2011 | $669K | $612K | $119K | $51K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $929K, expenses of $1.0M, and assets of $78K (revenue +37.8% year-over-year).
- 2022: Revenue of $674K, expenses of $738K, and assets of $174K (revenue +9.2% year-over-year).
- 2021: Revenue of $617K, expenses of $558K, and assets of $239K (revenue +26.3% year-over-year).
- 2020: Revenue of $489K, expenses of $316K, and assets of $180K (revenue +41.1% year-over-year).
- 2019: Revenue of $346K, expenses of $342K, and assets of $8K (revenue -25.8% year-over-year).
- 2018: Revenue of $467K, expenses of $565K, and assets of $12K (revenue -28.2% year-over-year).
- 2017: Revenue of $651K, expenses of $570K, and assets of $101K (revenue -1.7% year-over-year).
- 2016: Revenue of $662K, expenses of $656K, and assets of $20K (revenue -39.4% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.2M, and assets of $16K (revenue +10.1% year-over-year).
- 2014: Revenue of $992K, expenses of $914K, and assets of $162K (revenue +10.7% year-over-year).
- 2013: Revenue of $896K, expenses of $948K, and assets of $89K (revenue +11.0% year-over-year).
- 2012: Revenue of $807K, expenses of $740K, and assets of $138K (revenue +20.6% year-over-year).
- 2011: Revenue of $669K, expenses of $612K, and assets of $119K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of Nahal Haredi Inc:
Data Sources and Methodology
This transparency report for Friends Of Nahal Haredi 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.