Namaste Charter School Inc
Namaste Charter School Inc maintains stable finances with consistent revenue growth and no reported officer compensation.
EIN: 200285795 · Chicago, IL · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $8.7M |
| Total Expenses | $7.4M |
| Program Spending | 90% |
| Net Assets | $7.3M |
| Transparency Score | 85/100 |
Is Namaste Charter School Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Namaste Charter School Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Namaste Charter School Inc
Namaste Charter School Inc (EIN: 200285795) is a nonprofit organization based in Chicago, IL, classified under NTEE code B29. The organization reported total revenue of $8.7M and total assets of $10.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Namaste Charter School Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Namaste Charter School Inc is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.6M |
| Total Expenses | $7.4M |
| Surplus / Deficit | +$232K |
| Total Assets | $10.5M |
| Total Liabilities | $3.2M |
| Net Assets | $7.3M |
| Operating Margin | 3.1% |
| Debt-to-Asset Ratio | 30.1% |
| Months of Reserves | 17.0 months |
Financial Health Grade: A
In 2023, Namaste Charter School Inc reported a surplus of $232K with revenue exceeding expenses, holds 17.0 months of operating reserves (strong position), has a debt-to-asset ratio of 30.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Namaste Charter School Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.5% | -1.3% | +22.5% |
| 2022 | +5.0% | +3.9% | -0.5% |
| 2021 | +10.8% | +2.1% | +1.7% |
| 2020 | +1.4% | +8.7% | -8.8% |
| 2019 | -2.4% | +9.1% | -15.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2004 |
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 Namaste Charter School Inc with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Namaste Charter School Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 surplus of $232K, with revenue exceeding expenses.
- Debt-to-asset ratio: 30.1%.
Executive Compensation Analysis
The organization reports 0% officer compensation across all provided filing periods, indicating that no salaries or benefits were paid to officers, which is highly unusual for an organization of this size and suggests either pro-bono leadership or that compensation is reported under other expense categories, or that the officers are compensated through a related entity.
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 Namaste Charter School Inc's IRS 990 filings:
- Lack of detailed expense breakdown (program, admin, fundraising) in provided data, making precise efficiency analysis difficult.
- Consistent 0% officer compensation is unusual for an organization of this size and could indicate compensation is reported elsewhere or through a related entity, warranting further investigation.
Strengths
The following positive indicators were identified for Namaste Charter School Inc:
- Consistent revenue growth over the past decade, indicating increasing support and operational capacity.
- Strong and stable asset base, with assets exceeding $10 million in the latest period, suggesting financial resilience.
- History of generating surpluses (revenue exceeding expenses) in most periods, demonstrating sound financial management.
- Consistent filing of IRS 990 forms over 13 periods, indicating a commitment to transparency and regulatory compliance.
- No reported officer compensation, which, if accurate, suggests a high dedication of resources to the mission.
Frequently Asked Questions about Namaste Charter School Inc
Is Namaste Charter School Inc a legitimate charity?
Namaste Charter School Inc (EIN: 200285795) is a registered tax-exempt nonprofit based in Illinois. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $8.7M. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Namaste Charter School Inc spend its money?
Namaste Charter School Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Namaste Charter School Inc tax-deductible?
Namaste Charter School Inc is registered as a tax-exempt nonprofit (EIN: 200285795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Namaste Charter School Inc's spending goes to programs?
Namaste Charter School Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Namaste Charter School Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Namaste Charter School Inc is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Namaste Charter School Inc located?
Namaste Charter School Inc is headquartered in Chicago, Illinois and files with the IRS under EIN 200285795. It is classified under NTEE code B29.
How many years of IRS 990 filings does Namaste Charter School Inc have?
Namaste Charter School 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 $8.7M in total revenue.
Is Namaste Charter School Inc a good charity?
Based on the provided financial data, Namaste Charter School Inc appears to be a financially stable organization with consistent revenue growth and a strong asset base. The absence of reported officer compensation is a positive indicator of resource allocation towards its mission. However, a detailed breakdown of program vs. administrative spending would provide a more complete picture of efficiency.
How has Namaste Charter School Inc's revenue changed over time?
Namaste Charter School Inc has shown consistent revenue growth, increasing from $6,305,752 in 201406 to $8,732,704 in the latest period, demonstrating a positive trend in financial support and operational scale.
What is the organization's asset position?
The organization maintains a strong asset position, with assets consistently above $8 million, reaching $10,553,847 in the latest period. This indicates a healthy balance sheet and capacity for long-term operations.
Does Namaste Charter School Inc compensate its officers?
According to the provided IRS 990 data, Namaste Charter School Inc reported 0% officer compensation for all listed periods. This suggests that officers are either serving on a pro-bono basis or their compensation is not categorized under 'Officer Comp' in these summaries.
Filing History
IRS 990 filing history for Namaste Charter School Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Namaste Charter School Inc's revenue has grown by 60.6%, moving from $4.7M to $7.6M. Total assets decreased by 3.2% over the same period, from $10.8M to $10.5M. Total functional expenses rose by 60.2%, from $4.6M to $7.4M. In its most recent filing year (2023), Namaste Charter School Inc reported a surplus of $232K, with revenue exceeding expenses. The organization holds $3.2M in liabilities against $10.5M in assets (debt-to-asset ratio: 30.1%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.6M | $7.4M | $10.5M | $3.2M | — | View 990 |
| 2022 | $7.6M | $7.5M | $8.5M | $1.5M | — | View 990 |
| 2021 | $7.2M | $7.2M | $8.6M | $1.4M | — | — |
| 2020 | $6.5M | $7.1M | $8.5M | $1.6M | — | View 990 |
| 2019 | $6.4M | $6.5M | $9.3M | $1.8M | — | View 990 |
| 2018 | $6.6M | $5.9M | $10.9M | $3.4M | — | View 990 |
| 2017 | $6.1M | $6.0M | $10.7M | $4.0M | — | View 990 |
| 2016 | $6.5M | $6.2M | $11.1M | $4.7M | — | View 990 |
| 2015 | $6.7M | $6.0M | $11.1M | $4.8M | — | View 990 |
| 2014 | $6.3M | $5.5M | $11.3M | $5.7M | — | View 990 |
| 2013 | $5.7M | $5.5M | $10.9M | $6.1M | — | View 990 |
| 2012 | $5.2M | $5.0M | $10.7M | $6.3M | — | View 990 |
| 2011 | $4.7M | $4.6M | $10.8M | $6.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.6M, expenses of $7.4M, and assets of $10.5M (revenue +0.5% year-over-year).
- 2022: Revenue of $7.6M, expenses of $7.5M, and assets of $8.5M (revenue +5.0% year-over-year).
- 2021: Revenue of $7.2M, expenses of $7.2M, and assets of $8.6M (revenue +10.8% year-over-year).
- 2020: Revenue of $6.5M, expenses of $7.1M, and assets of $8.5M (revenue +1.4% year-over-year).
- 2019: Revenue of $6.4M, expenses of $6.5M, and assets of $9.3M (revenue -2.4% year-over-year).
- 2018: Revenue of $6.6M, expenses of $5.9M, and assets of $10.9M (revenue +7.7% year-over-year).
- 2017: Revenue of $6.1M, expenses of $6.0M, and assets of $10.7M (revenue -5.9% year-over-year).
- 2016: Revenue of $6.5M, expenses of $6.2M, and assets of $11.1M (revenue -3.2% year-over-year).
- 2015: Revenue of $6.7M, expenses of $6.0M, and assets of $11.1M (revenue +6.4% year-over-year).
- 2014: Revenue of $6.3M, expenses of $5.5M, and assets of $11.3M (revenue +11.6% year-over-year).
- 2013: Revenue of $5.7M, expenses of $5.5M, and assets of $10.9M (revenue +8.0% year-over-year).
- 2012: Revenue of $5.2M, expenses of $5.0M, and assets of $10.7M (revenue +10.4% year-over-year).
- 2011: Revenue of $4.7M, expenses of $4.6M, and assets of $10.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Namaste Charter School Inc:
Data Sources and Methodology
This transparency report for Namaste Charter School 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.