Nactt Foundation
Nactt Foundation maintains strong asset growth and zero liabilities with minimal expenses and no officer compensation.
EIN: 203880087 · Columbia, SC · NTEE: P20 · Updated: 2026-03-28
Is Nactt Foundation Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nactt Foundation directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nactt Foundation
Nactt Foundation (EIN: 203880087) is a nonprofit organization based in Columbia, SC, classified under NTEE code P20. The organization reported total revenue of $58K and total assets of $187K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nactt Foundation'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 Nactt Foundation 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Nactt Foundation allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Nactt Foundation reports 0% officer compensation across all available filings, indicating that its leadership is either unpaid or compensated through other means not classified as officer compensation, which is highly favorable for a small organization.
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.
Strengths
The following positive indicators were identified for Nactt Foundation:
- Consistent asset growth, from $121,059 in 2014 to $178,447 in 2023.
- Zero reported liabilities across all filings, indicating strong financial health.
- Extremely low expense ratio relative to revenue, demonstrating high operational efficiency (e.g., $2,244 expenses on $21,261 revenue in 2023).
- 0% officer compensation reported, suggesting volunteer leadership or highly efficient compensation structures.
- Stable financial history with 13 filings, indicating long-term operational presence.
Frequently Asked Questions about Nactt Foundation
Is Nactt Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Nactt Foundation (EIN: 203880087) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Nactt Foundation spend its money?
Nactt Foundation directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nactt Foundation tax-deductible?
Nactt Foundation is registered as a tax-exempt nonprofit (EIN: 203880087). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What are the specific program activities funded by Nactt Foundation?
The provided data does not detail specific program activities, only overall expenses. Further investigation into their public filings or website would be needed to understand their programs.
How does Nactt Foundation manage to operate with such low reported expenses?
The consistently low expense figures, such as $2,244 in 2023 against $21,261 in revenue, suggest a highly lean operation, potentially relying heavily on volunteers or in-kind services, or having very specific, low-cost program delivery methods.
What is the source of Nactt Foundation's revenue?
The provided data only shows total revenue figures. The specific sources (e.g., donations, grants, program service revenue) are not detailed and would require reviewing the full IRS 990 forms.
Filing History
IRS 990 filing history for Nactt Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nactt Foundation's revenue has grown by 999.3%, moving from $2K to $21K. Total assets increased by 144.2% over the same period, from $73K to $178K. Total functional expenses fell by 46.7%, from $4K to $2K. In its most recent filing year (2023), Nactt Foundation reported a surplus of $19K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $21K | $2K | $178K | $0 | — | — |
| 2022 | $23K | $14K | $159K | $0 | — | View 990 |
| 2021 | $42K | $28K | $151K | $0 | — | — |
| 2020 | $10K | $10K | $137K | $0 | — | — |
| 2019 | $8K | $5K | $138K | $0 | — | View 990 |
| 2018 | $27K | $11K | $134K | $0 | — | View 990 |
| 2017 | $32K | $46K | $119K | $0 | — | View 990 |
| 2016 | $14K | $9K | $132K | $0 | — | View 990 |
| 2015 | $12K | $6K | $128K | $0 | — | View 990 |
| 2014 | $43K | $5K | $121K | $0 | — | View 990 |
| 2013 | $18K | $6K | $83K | $0 | — | View 990 |
| 2012 | $2K | $4K | $71K | $0 | — | View 990 |
| 2011 | $2K | $4K | $73K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $21K, expenses of $2K, and assets of $178K (revenue -6.4% year-over-year).
- 2022: Revenue of $23K, expenses of $14K, and assets of $159K (revenue -46.5% year-over-year).
- 2021: Revenue of $42K, expenses of $28K, and assets of $151K (revenue +346.5% year-over-year).
- 2020: Revenue of $10K, expenses of $10K, and assets of $137K (revenue +15.5% year-over-year).
- 2019: Revenue of $8K, expenses of $5K, and assets of $138K (revenue -69.3% year-over-year).
- 2018: Revenue of $27K, expenses of $11K, and assets of $134K (revenue -16.2% year-over-year).
- 2017: Revenue of $32K, expenses of $46K, and assets of $119K (revenue +130.5% year-over-year).
- 2016: Revenue of $14K, expenses of $9K, and assets of $132K (revenue +11.8% year-over-year).
- 2015: Revenue of $12K, expenses of $6K, and assets of $128K (revenue -71.0% year-over-year).
- 2014: Revenue of $43K, expenses of $5K, and assets of $121K (revenue +143.6% year-over-year).
- 2013: Revenue of $18K, expenses of $6K, and assets of $83K (revenue +1038.6% year-over-year).
- 2012: Revenue of $2K, expenses of $4K, and assets of $71K (revenue -20.2% year-over-year).
- 2011: Revenue of $2K, expenses of $4K, and assets of $73K.
Data Sources and Methodology
This transparency report for Nactt Foundation 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.