Naf
Naf faces recurring deficits and declining assets despite consistent program focus.
EIN: 133480246 · New York, NY · NTEE: B190 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $20.9M |
| Total Expenses | $25.2M |
| Program Spending | 80% |
| Net Assets | $7.0M |
| Transparency Score | 75/100 |
Is Naf Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Naf directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Naf
Naf (EIN: 133480246) is a nonprofit organization based in New York, NY, classified under NTEE code B190. The organization reported total revenue of $20.9M and total assets of $8.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Naf's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Naf is a large nonprofit that has been operating for 37 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.3M |
| Total Expenses | $25.2M |
| Surplus / Deficit | $-4,816,788 |
| Total Assets | $9.8M |
| Total Liabilities | $2.8M |
| Net Assets | $7.0M |
| Operating Margin | -23.7% |
| Debt-to-Asset Ratio | 28.4% |
| Months of Reserves | 4.7 months |
Financial Health Grade: B
In 2023, Naf reported a deficit of $4.8M with expenses exceeding revenue, holds 4.7 months of operating reserves (adequate), has a debt-to-asset ratio of 28.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Naf's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +50.1% | +2.4% | -48.7% |
| 2022 | -28.0% | +6.2% | -32.1% |
| 2021 | -25.2% | +18.1% | -13.1% |
| 2020 | -6.2% | -16.8% | +23.7% |
| 2019 | +38.4% | +19.4% | +24.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Naf with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Naf allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $4.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is highly commendable and suggests a strong dedication to maximizing resources for programmatic activities.
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 Naf's IRS 990 filings:
- Recurring operational deficits (e.g., $25,166,675 expenses vs. $20,349,887 revenue in 2023)
- Significant decline in total assets from $32,321,948 in 2020 to $9,794,102 in 2023
- Expenses consistently exceeding revenue in the last three reported periods (2021-2023)
Strengths
The following positive indicators were identified for Naf:
- Zero reported officer compensation across all filings, indicating high efficiency in executive pay
- Consistent program focus, as implied by the NTEE code and general nonprofit mission
- Long filing history (13 filings) demonstrates sustained operation and transparency in reporting
Frequently Asked Questions about Naf
Is Naf a legitimate charity?
Based on AI analysis of IRS 990 filings, Naf (EIN: 133480246) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Naf spend its money?
Naf directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Naf tax-deductible?
Naf is registered as a tax-exempt nonprofit (EIN: 133480246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Naf's spending goes to programs?
Naf directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Naf compare to similar nonprofits?
With a transparency score of 75/100 (Good), Naf is above average for NTEE category B190 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Naf located?
Naf is headquartered in New York, New York and files with the IRS under EIN 133480246. It is classified under NTEE code B190.
How many years of IRS 990 filings does Naf have?
Naf 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 $20.9M in total revenue.
Is Naf a good charity?
Naf demonstrates a strong commitment to its mission through its program spending and zero executive compensation. However, the recurring deficits and declining asset base in recent years raise concerns about its long-term financial sustainability, which potential donors should consider.
Why are Naf's assets declining?
Naf's assets have declined significantly from $32,321,948 in 2020 to $9,794,102 in 2023. This decline coincides with several years where expenses exceeded revenue (e.g., 2023, 2022, 2021), suggesting the organization may be drawing down its reserves to cover operational costs.
What is the trend in Naf's revenue and expenses?
Naf's revenue has fluctuated, with a high of $26,802,503 in 2019 and a low of $10,064,785 in 2014. In recent years (2021-2023), expenses have consistently exceeded revenue, indicating a pattern of operating at a deficit.
Filing History
IRS 990 filing history for Naf showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Naf's revenue has grown by 88.1%, moving from $10.8M to $20.3M. Total assets decreased by 6.4% over the same period, from $10.5M to $9.8M. Total functional expenses rose by 87.7%, from $13.4M to $25.2M. In its most recent filing year (2023), Naf reported a deficit of $4.8M, with expenses exceeding revenue. The organization holds $2.8M in liabilities against $9.8M in assets (debt-to-asset ratio: 28.4%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.3M | $25.2M | $9.8M | $2.8M | — | — |
| 2022 | $13.6M | $24.6M | $19.1M | $6.2M | — | View 990 |
| 2021 | $18.8M | $23.1M | $28.1M | $3.7M | — | View 990 |
| 2020 | $25.1M | $19.6M | $32.3M | $4.0M | — | View 990 |
| 2019 | $26.8M | $23.6M | $26.1M | $3.6M | — | View 990 |
| 2018 | $19.4M | $19.7M | $21.1M | $2.1M | — | View 990 |
| 2017 | $23.1M | $19.1M | $23.5M | $3.2M | — | — |
| 2016 | $12.0M | $16.0M | $18.5M | $2.2M | — | View 990 |
| 2015 | $16.8M | $15.6M | $22.4M | $2.0M | — | View 990 |
| 2014 | $10.1M | $14.4M | $21.1M | $1.9M | — | View 990 |
| 2013 | $19.3M | $13.5M | $25.0M | $1.5M | — | View 990 |
| 2012 | $22.3M | $12.7M | $19.3M | $1.3M | — | View 990 |
| 2011 | $10.8M | $13.4M | $10.5M | $2.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.3M, expenses of $25.2M, and assets of $9.8M (revenue +50.1% year-over-year).
- 2022: Revenue of $13.6M, expenses of $24.6M, and assets of $19.1M (revenue -28.0% year-over-year).
- 2021: Revenue of $18.8M, expenses of $23.1M, and assets of $28.1M (revenue -25.2% year-over-year).
- 2020: Revenue of $25.1M, expenses of $19.6M, and assets of $32.3M (revenue -6.2% year-over-year).
- 2019: Revenue of $26.8M, expenses of $23.6M, and assets of $26.1M (revenue +38.4% year-over-year).
- 2018: Revenue of $19.4M, expenses of $19.7M, and assets of $21.1M (revenue -16.1% year-over-year).
- 2017: Revenue of $23.1M, expenses of $19.1M, and assets of $23.5M (revenue +93.0% year-over-year).
- 2016: Revenue of $12.0M, expenses of $16.0M, and assets of $18.5M (revenue -28.8% year-over-year).
- 2015: Revenue of $16.8M, expenses of $15.6M, and assets of $22.4M (revenue +67.0% year-over-year).
- 2014: Revenue of $10.1M, expenses of $14.4M, and assets of $21.1M (revenue -47.8% year-over-year).
- 2013: Revenue of $19.3M, expenses of $13.5M, and assets of $25.0M (revenue -13.6% year-over-year).
- 2012: Revenue of $22.3M, expenses of $12.7M, and assets of $19.3M (revenue +106.4% year-over-year).
- 2011: Revenue of $10.8M, expenses of $13.4M, and assets of $10.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Naf:
Data Sources and Methodology
This transparency report for Naf 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.