Hakanami Inc
Hakanami Inc. reports minimal revenue and inconsistent financial activity across most years, with a notable spike in 2021.
EIN: 201614675 · Albuquerque, NM · NTEE: T30 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1 |
| Total Expenses | $260 |
| Program Spending | 75% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $43K |
| Transparency Score | 30/100 |
Is Hakanami Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hakanami Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hakanami Inc
Hakanami Inc (EIN: 201614675) is a nonprofit organization based in Albuquerque, NM, classified under NTEE code T30. The organization reported total revenue of $1 and total assets of $43K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hakanami Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hakanami Inc is a micro nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 0.0%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1 |
| Total Expenses | $260 |
| Surplus / Deficit | $-259 |
| Total Assets | $43K |
| Total Liabilities | $1 |
| Net Assets | $43K |
| Operating Margin | -25900.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 1973.9 months |
Financial Health Grade: B
In 2022, Hakanami Inc reported a deficit of $259 with expenses exceeding revenue, holds 1973.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2022), Hakanami Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -100.0% | -96.3% | -0.6% |
| 2021 | +4999900.0% | +29333.3% | +46669.6% |
| 2020 | +0.0% | +0.0% | -20.7% |
| 2019 | -100.0% | -99.7% | -73.1% |
| 2015 | +962400.0% | +38441.7% | +43000.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Hakanami Inc with a Mission Score of 30 out of 100 (Poor). 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: 75%
- fundraising: 5%
According to IRS 990 filings, Hakanami Inc allocates its expenses as follows: admin: 20%, programs: 75%, fundraising: 5%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $259, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Officer compensation has consistently been reported as $0 across all available filings, indicating a volunteer-led organization or one with no paid executives, which is positive for minimizing administrative overhead relative to its small size and inconsistent revenue.
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 Hakanami Inc's IRS 990 filings:
- Highly inconsistent and often negligible revenue ($1 in most years) makes financial sustainability questionable.
- Expenses frequently exceed reported revenue (e.g., $260 expenses vs. $1 revenue in 2022), indicating a deficit in most operational years.
- Lack of clear explanation for how operations are funded given the minimal revenue figures.
- Significant revenue spike in 2021 ($50,000) was not sustained, suggesting an unreliable funding model.
Strengths
The following positive indicators were identified for Hakanami Inc:
- Consistent filing of IRS 990s demonstrates a commitment to regulatory transparency.
- Zero reported officer compensation indicates a volunteer-driven model, minimizing executive overhead.
- Accumulated assets of $42,768 in 2022 provide some financial buffer, largely from the 2021 revenue.
Frequently Asked Questions about Hakanami Inc
Is Hakanami Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hakanami Inc (EIN: 201614675) significant concerns. Mission Score: 30/100. 4 red flags identified, 3 strengths noted.
How does Hakanami Inc spend its money?
Hakanami Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hakanami Inc tax-deductible?
Hakanami Inc is registered as a tax-exempt nonprofit (EIN: 201614675). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Hakanami Inc CEO make?
Hakanami Inc's highest-compensated officer earns $0 annually. The organization reported $1 in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Hakanami Inc's spending goes to programs?
Hakanami Inc directs 75% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Hakanami Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Hakanami Inc is below average for NTEE category T30 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Hakanami Inc located?
Hakanami Inc is headquartered in Albuquerque, New Mexico and files with the IRS under EIN 201614675. It is classified under NTEE code T30.
How many years of IRS 990 filings does Hakanami Inc have?
Hakanami Inc has 9 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 $1 in total revenue.
What is the source of Hakanami Inc.'s assets, given its consistently low reported revenue?
The assets grew significantly from $116 in 2019 to $43,028 in 2021, primarily due to the $50,000 revenue reported in 2021, which was not sustained in subsequent years.
How does Hakanami Inc. sustain its operations with only $1 in reported revenue in most years?
The consistent reporting of $1 in revenue against expenses (e.g., $260 in 2022, $24 in 2020) suggests either very minimal operational activity, reliance on non-cash contributions not fully reflected as revenue, or a funding model not clearly captured by these figures.
What specific programs or activities does Hakanami Inc. conduct, given its NTEE code T30?
The provided financial data does not offer details on specific programs. The NTEE code T30 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests it may be involved in grantmaking or supporting other nonprofits, but the financial scale does not support significant activity in this area.
Filing History
IRS 990 filing history for Hakanami Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2022), Hakanami Inc's revenue has grown by 0%, moving from $1 to $1. Total assets increased by 4276700% over the same period, from $1 to $43K. In its most recent filing year (2022), Hakanami Inc reported a deficit of $259, with expenses exceeding revenue. The organization holds $1 in liabilities against $43K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $43K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1 | $260 | $43K | $1 | — | — |
| 2021 | $50K | $7K | $43K | $1 | — | — |
| 2020 | $1 | $24 | $92 | $1 | — | — |
| 2019 | $1 | $24 | $116 | $1 | — | — |
| 2015 | $10K | $9K | $431 | $1 | — | View 990 |
| 2014 | $1 | $24 | $1 | $48 | — | View 990 |
| 2013 | $1 | $24 | $1 | $24 | — | View 990 |
| 2012 | $1 | $0 | $1 | $0 | — | View 990 |
| 2011 | $1 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1, expenses of $260, and assets of $43K (revenue -100.0% year-over-year).
- 2021: Revenue of $50K, expenses of $7K, and assets of $43K (revenue +4999900.0% year-over-year).
- 2020: Revenue of $1, expenses of $24, and assets of $92 (revenue +0.0% year-over-year).
- 2019: Revenue of $1, expenses of $24, and assets of $116 (revenue -100.0% year-over-year).
- 2015: Revenue of $10K, expenses of $9K, and assets of $431 (revenue +962400.0% year-over-year).
- 2014: Revenue of $1, expenses of $24, and assets of $1 (revenue +0.0% year-over-year).
- 2013: Revenue of $1, expenses of $24, and assets of $1 (revenue +0.0% year-over-year).
- 2012: Revenue of $1, expenses of $0, and assets of $1 (revenue +0.0% year-over-year).
- 2011: Revenue of $1, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hakanami Inc:
Data Sources and Methodology
This transparency report for Hakanami 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.