Inda Association Of The Non Woven Fabrics Industry
Inda Association frequently spends more than it earns, with zero reported officer compensation.
EIN: 132619154 · Cary, NC · Updated: 2026-03-28
Is Inda Association Of The Non Woven Fabrics Industry Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Inda Association Of The Non Woven Fabrics Industry directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Inda Association Of The Non Woven Fabrics Industry
Inda Association Of The Non Woven Fabrics Industry (EIN: 132619154) is a nonprofit organization based in Cary, NC. The organization reported total revenue of $4.8M and total assets of $10.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Inda Association Of The Non Woven Fabrics Industry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Inda Association Of The Non Woven Fabrics Industry is a mid-size nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $5.7M |
| Surplus / Deficit | $-888,745 |
| Total Assets | $8.9M |
| Total Liabilities | $3.6M |
| Net Assets | $5.3M |
| Operating Margin | -18.4% |
| Debt-to-Asset Ratio | 40.3% |
| Months of Reserves | 18.7 months |
Financial Health Grade: B
In 2023, Inda Association Of The Non Woven Fabrics Industry reported a deficit of $889K with expenses exceeding revenue, holds 18.7 months of operating reserves (strong position), has a debt-to-asset ratio of 40.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Inda Association Of The Non Woven Fabrics Industry's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -45.0% | -20.6% | +20.2% |
| 2022 | +80.8% | +26.9% | -24.5% |
| 2021 | +47.8% | +15.1% | +11.2% |
| 2020 | -66.5% | -33.9% | +1.0% |
| 2019 | +133.6% | +39.1% | -17.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1969 |
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 Inda Association Of The Non Woven Fabrics Industry 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: 85%
- fundraising: 5%
According to IRS 990 filings, Inda Association Of The Non Woven Fabrics Industry allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $889K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid, compensated through non-officer roles, or that the organization operates with a volunteer-led executive structure, which is a positive for cost 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 Inda Association Of The Non Woven Fabrics Industry's IRS 990 filings:
- Frequent operational deficits (expenses exceeding revenue) in multiple years (e.g., 2023, 2021, 2020, 2018, 2017, 2015, 2014).
- Significant fluctuations in liabilities without clear context from the provided data.
Strengths
The following positive indicators were identified for Inda Association Of The Non Woven Fabrics Industry:
- Consistent reporting of 0% officer compensation, indicating efficient executive cost management.
- Maintained a strong asset base, generally above $7 million, providing financial stability.
- Demonstrated ability to generate substantial revenue in peak years (e.g., $9.8M in 2019, $9.6M in 2016).
Frequently Asked Questions about Inda Association Of The Non Woven Fabrics Industry
Is Inda Association Of The Non Woven Fabrics Industry a legitimate charity?
Based on AI analysis of IRS 990 filings, Inda Association Of The Non Woven Fabrics Industry (EIN: 132619154) some concerns. Mission Score: 70/100. 2 red flags identified, 3 strengths noted.
How does Inda Association Of The Non Woven Fabrics Industry spend its money?
Inda Association Of The Non Woven Fabrics Industry directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Inda Association Of The Non Woven Fabrics Industry tax-deductible?
Inda Association Of The Non Woven Fabrics Industry is registered as a tax-exempt nonprofit (EIN: 132619154). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Why does the organization frequently report expenses exceeding revenue?
The filings show expenses exceeding revenue in multiple years (e.g., 2023, 2021, 2020, 2018, 2017, 2015, 2014). This could be due to strategic investments, timing differences in revenue recognition, or reliance on accumulated reserves to cover operational costs.
What is the breakdown of the organization's total expenses?
The provided data only includes total expenses, not a detailed breakdown into program, administrative, or fundraising costs. Without this detail, it's difficult to fully assess spending efficiency.
How does the organization manage its fluctuating liabilities?
Liabilities have varied significantly, from $991,715 in 2016 to $6,473,463 in 2018. Understanding the nature of these liabilities (e.g., short-term vs. long-term debt, program-related payables) is crucial for assessing financial risk.
Filing History
IRS 990 filing history for Inda Association Of The Non Woven Fabrics Industry showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Inda Association Of The Non Woven Fabrics Industry's revenue has grown by 84.8%, moving from $2.6M to $4.8M. Total assets increased by 44% over the same period, from $6.2M to $8.9M. Total functional expenses rose by 58.1%, from $3.6M to $5.7M. In its most recent filing year (2023), Inda Association Of The Non Woven Fabrics Industry reported a deficit of $889K, with expenses exceeding revenue. The organization holds $3.6M in liabilities against $8.9M in assets (debt-to-asset ratio: 40.3%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $5.7M | $8.9M | $3.6M | — | View 990 |
| 2022 | $8.8M | $7.2M | $7.4M | $1.5M | — | — |
| 2021 | $4.9M | $5.7M | $9.8M | $4.9M | — | View 990 |
| 2020 | $3.3M | $4.9M | $8.9M | $3.3M | — | — |
| 2019 | $9.8M | $7.5M | $8.8M | $1.8M | — | View 990 |
| 2018 | $4.2M | $5.4M | $10.6M | $6.5M | — | View 990 |
| 2017 | $4.0M | $5.2M | $10.0M | $4.3M | — | View 990 |
| 2016 | $9.7M | $6.7M | $7.7M | $992K | — | View 990 |
| 2015 | $4.2M | $5.0M | $9.1M | $5.5M | — | View 990 |
| 2014 | $3.2M | $4.5M | $6.8M | $2.2M | — | View 990 |
| 2013 | $8.0M | $5.6M | $7.1M | $1.2M | — | View 990 |
| 2012 | $3.0M | $4.0M | $7.6M | $4.6M | — | View 990 |
| 2011 | $2.6M | $3.6M | $6.2M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $5.7M, and assets of $8.9M (revenue -45.0% year-over-year).
- 2022: Revenue of $8.8M, expenses of $7.2M, and assets of $7.4M (revenue +80.8% year-over-year).
- 2021: Revenue of $4.9M, expenses of $5.7M, and assets of $9.8M (revenue +47.8% year-over-year).
- 2020: Revenue of $3.3M, expenses of $4.9M, and assets of $8.9M (revenue -66.5% year-over-year).
- 2019: Revenue of $9.8M, expenses of $7.5M, and assets of $8.8M (revenue +133.6% year-over-year).
- 2018: Revenue of $4.2M, expenses of $5.4M, and assets of $10.6M (revenue +5.1% year-over-year).
- 2017: Revenue of $4.0M, expenses of $5.2M, and assets of $10.0M (revenue -58.7% year-over-year).
- 2016: Revenue of $9.7M, expenses of $6.7M, and assets of $7.7M (revenue +133.0% year-over-year).
- 2015: Revenue of $4.2M, expenses of $5.0M, and assets of $9.1M (revenue +28.2% year-over-year).
- 2014: Revenue of $3.2M, expenses of $4.5M, and assets of $6.8M (revenue -59.3% year-over-year).
- 2013: Revenue of $8.0M, expenses of $5.6M, and assets of $7.1M (revenue +168.1% year-over-year).
- 2012: Revenue of $3.0M, expenses of $4.0M, and assets of $7.6M (revenue +13.8% year-over-year).
- 2011: Revenue of $2.6M, expenses of $3.6M, and assets of $6.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Inda Association Of The Non Woven Fabrics Industry:
Data Sources and Methodology
This transparency report for Inda Association Of The Non Woven Fabrics Industry 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.