Nafasi Fund
EIN: 815363891 · Huntsville, AL · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $5.7M |
| Net Assets | $12.4M |
Is Nafasi Fund Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nafasi Fund
Nafasi Fund (EIN: 815363891) is a nonprofit organization based in Huntsville, AL, classified under NTEE code O50. The organization reported total revenue of $2.5M and total assets of $3.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nafasi Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nafasi Fund is a mid-size nonprofit that has been operating for 9 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of 27.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $5.7M |
| Surplus / Deficit | $-2,980,827 |
| Total Assets | $14.8M |
| Total Liabilities | $2.3M |
| Net Assets | $12.4M |
| Operating Margin | -110.3% |
| Debt-to-Asset Ratio | 15.9% |
| Months of Reserves | 31.2 months |
Financial Health Grade: B
In 2023, Nafasi Fund reported a deficit of $3.0M with expenses exceeding revenue, holds 31.2 months of operating reserves (strong position), has a debt-to-asset ratio of 15.9% (very low leverage).
Financial Trends
Over 4 years of filings (2020–2023), Nafasi Fund's revenue has grown at a compound annual growth rate (CAGR) of 27.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -82.7% | +180.9% | -15.8% |
| 2022 | +1201.8% | +82.4% | +1137.2% |
| 2021 | -8.1% | +35698.4% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2017 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nafasi Fund has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nafasi Fund with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $3.0M, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.9%.
Frequently Asked Questions about Nafasi Fund
Is Nafasi Fund a legitimate charity?
Nafasi Fund (EIN: 815363891) is a registered tax-exempt nonprofit based in Alabama. It has 4 years of IRS 990 filings on record. Total revenue: $2.5M. No red flags identified. Financial health grade: B.
How does Nafasi Fund spend its money?
Nafasi Fund reported $2.5M in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nafasi Fund tax-deductible?
Nafasi Fund is registered as a tax-exempt nonprofit (EIN: 815363891). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nafasi Fund located?
Nafasi Fund is headquartered in Huntsville, Alabama and files with the IRS under EIN 815363891. It is classified under NTEE code O50.
How many years of IRS 990 filings does Nafasi Fund have?
Nafasi Fund has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $2.5M in total revenue.
Filing History
IRS 990 filing history for Nafasi Fund showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Nafasi Fund's revenue has grown by 106.9%, moving from $1.3M to $2.7M. Total assets increased by 1035.8% over the same period, from $1.3M to $14.8M. Total functional expenses rose by 183289.2%, from $3K to $5.7M. In its most recent filing year (2023), Nafasi Fund reported a deficit of $3.0M, with expenses exceeding revenue. The organization holds $2.3M in liabilities against $14.8M in assets (debt-to-asset ratio: 15.9%), resulting in net assets of $12.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $5.7M | $14.8M | $2.3M | — | — |
| 2022 | $15.6M | $2.0M | $17.6M | $2.4M | — | View 990 |
| 2021 | $1.2M | $1.1M | $1.4M | $28K | — | View 990 |
| 2020 | $1.3M | $3K | $1.3M | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $5.7M, and assets of $14.8M (revenue -82.7% year-over-year).
- 2022: Revenue of $15.6M, expenses of $2.0M, and assets of $17.6M (revenue +1201.8% year-over-year).
- 2021: Revenue of $1.2M, expenses of $1.1M, and assets of $1.4M (revenue -8.1% year-over-year).
- 2020: Revenue of $1.3M, expenses of $3K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nafasi Fund:
Data Sources and Methodology
This transparency report for Nafasi Fund 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.