Nacm Scholarship Foundation Inc
Nacm Scholarship Foundation maintains strong assets despite recent deficit in 2023.
EIN: 202574848 · Columbia, MD · NTEE: B99 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $78K |
| Total Expenses | $54K |
| Program Spending | 90% |
| Net Assets | $505K |
| Transparency Score | 92/100 |
Is Nacm Scholarship Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nacm Scholarship Foundation Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nacm Scholarship Foundation Inc
Nacm Scholarship Foundation Inc (EIN: 202574848) is a nonprofit organization based in Columbia, MD, classified under NTEE code B99. The organization reported total revenue of $78K and total assets of $532K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nacm Scholarship Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nacm Scholarship Foundation Inc is a micro nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $54K |
| Surplus / Deficit | $-15,427 |
| Total Assets | $507K |
| Total Liabilities | $3K |
| Net Assets | $505K |
| Operating Margin | -40.3% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 113.4 months |
Financial Health Grade: B
In 2023, Nacm Scholarship Foundation Inc reported a deficit of $15K with expenses exceeding revenue, holds 113.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Nacm Scholarship Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.4% | +60.5% | +0.9% |
| 2022 | -37.5% | -3.9% | -14.1% |
| 2021 | +126.0% | +93.2% | +4.7% |
| 2020 | -62.7% | -59.0% | +9.9% |
| 2019 | +37.2% | -7.3% | +15.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2008 |
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 Nacm Scholarship Foundation Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Nacm Scholarship Foundation Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $15K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Nacm Scholarship Foundation Inc's IRS 990 filings:
- Expenses exceeded revenue in the most recent fiscal period (2023), leading to a deficit.
Strengths
The following positive indicators were identified for Nacm Scholarship Foundation Inc:
- Consistent growth in assets over the past decade, from $396,447 in 2015 to $507,377 in 2023.
- 0% officer compensation reported across all filings, indicating volunteer leadership.
- Consistent IRS 990 filing history demonstrates strong transparency.
- Maintains a healthy asset base relative to its annual revenue, suggesting financial stability.
Frequently Asked Questions about Nacm Scholarship Foundation Inc
Is Nacm Scholarship Foundation Inc a legitimate charity?
Nacm Scholarship Foundation Inc (EIN: 202574848) is a registered tax-exempt nonprofit based in Maryland. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $78K. 1 red flag identified. 4 strengths noted. Financial health grade: B.
How does Nacm Scholarship Foundation Inc spend its money?
Nacm Scholarship Foundation Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nacm Scholarship Foundation Inc tax-deductible?
Nacm Scholarship Foundation Inc is registered as a tax-exempt nonprofit (EIN: 202574848). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nacm Scholarship Foundation Inc's spending goes to programs?
Nacm Scholarship Foundation Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nacm Scholarship Foundation Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Nacm Scholarship Foundation Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nacm Scholarship Foundation Inc located?
Nacm Scholarship Foundation Inc is headquartered in Columbia, Maryland and files with the IRS under EIN 202574848. It is classified under NTEE code B99.
How many years of IRS 990 filings does Nacm Scholarship Foundation Inc have?
Nacm Scholarship Foundation 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 $78K in total revenue.
Is Nacm Scholarship Foundation Inc a good charity?
Based on its consistent financial filings, healthy asset base, and 0% officer compensation, Nacm Scholarship Foundation Inc appears to be a well-managed and efficient charity, particularly in its program focus.
How has the organization's financial health changed over the last few years?
The organization has maintained a strong asset base, growing from $396,447 in 2015 to $507,377 in 2023. While most years show a surplus, the latest filing (2023) reported a deficit with expenses ($53,687) exceeding revenue ($38,260), a shift from the previous year's surplus ($39,200 revenue vs. $33,453 expenses in 2022).
What is the organization's approach to executive compensation?
Nacm Scholarship Foundation Inc reports 0% officer compensation in all available filings, indicating that its executive leadership serves on a volunteer basis, which is a strong indicator of dedication to its mission and efficient use of funds.
Filing History
IRS 990 filing history for Nacm Scholarship Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nacm Scholarship Foundation Inc's revenue has declined by 40.2%, moving from $64K to $38K. Total assets increased by 53.4% over the same period, from $331K to $507K. Total functional expenses rose by 48.3%, from $36K to $54K. In its most recent filing year (2023), Nacm Scholarship Foundation Inc reported a deficit of $15K, with expenses exceeding revenue. The organization holds $3K in liabilities against $507K in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $505K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $54K | $507K | $3K | — | — |
| 2022 | $39K | $33K | $503K | $0 | — | View 990 |
| 2021 | $63K | $35K | $586K | $1K | — | — |
| 2020 | $28K | $18K | $559K | $8K | — | — |
| 2019 | $74K | $44K | $509K | $6K | — | View 990 |
| 2018 | $54K | $47K | $439K | $0 | — | View 990 |
| 2017 | $60K | $30K | $475K | $3K | — | View 990 |
| 2016 | $48K | $36K | $414K | $3K | — | View 990 |
| 2015 | $63K | $58K | $396K | $3K | — | View 990 |
| 2014 | $62K | $83K | $418K | $7K | — | View 990 |
| 2013 | $74K | $31K | $448K | $870 | — | View 990 |
| 2012 | $84K | $39K | $398K | $4K | — | View 990 |
| 2011 | $64K | $36K | $331K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $54K, and assets of $507K (revenue -2.4% year-over-year).
- 2022: Revenue of $39K, expenses of $33K, and assets of $503K (revenue -37.5% year-over-year).
- 2021: Revenue of $63K, expenses of $35K, and assets of $586K (revenue +126.0% year-over-year).
- 2020: Revenue of $28K, expenses of $18K, and assets of $559K (revenue -62.7% year-over-year).
- 2019: Revenue of $74K, expenses of $44K, and assets of $509K (revenue +37.2% year-over-year).
- 2018: Revenue of $54K, expenses of $47K, and assets of $439K (revenue -10.3% year-over-year).
- 2017: Revenue of $60K, expenses of $30K, and assets of $475K (revenue +26.4% year-over-year).
- 2016: Revenue of $48K, expenses of $36K, and assets of $414K (revenue -24.4% year-over-year).
- 2015: Revenue of $63K, expenses of $58K, and assets of $396K (revenue +1.9% year-over-year).
- 2014: Revenue of $62K, expenses of $83K, and assets of $418K (revenue -16.0% year-over-year).
- 2013: Revenue of $74K, expenses of $31K, and assets of $448K (revenue -12.1% year-over-year).
- 2012: Revenue of $84K, expenses of $39K, and assets of $398K (revenue +31.3% year-over-year).
- 2011: Revenue of $64K, expenses of $36K, and assets of $331K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nacm Scholarship Foundation Inc:
Data Sources and Methodology
This transparency report for Nacm Scholarship Foundation 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.