Nan Newark Tech World
EIN: 813470980 · Newark, NJ · NTEE: B60
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.1M |
| Net Assets | $36K |
Is Nan Newark Tech World Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nan Newark Tech World
Nan Newark Tech World (EIN: 813470980) is a nonprofit organization based in Newark, NJ, classified under NTEE code B60. The organization reported total revenue of $2.4M and total assets of $881K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nan Newark Tech World's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nan Newark Tech World is a mid-size nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 7.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $734K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-366,299 |
| Total Assets | $324K |
| Total Liabilities | $288K |
| Net Assets | $36K |
| Operating Margin | -49.9% |
| Debt-to-Asset Ratio | 88.8% |
| Months of Reserves | 3.5 months |
Financial Health Grade: C
In 2023, Nan Newark Tech World reported a deficit of $366K with expenses exceeding revenue, holds 3.5 months of operating reserves (adequate), has a debt-to-asset ratio of 88.8% (high leverage).
Financial Trends
Over 8 years of filings (2016–2023), Nan Newark Tech World's revenue has grown at a compound annual growth rate (CAGR) of 7.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -54.0% | -41.1% | +9.3% |
| 2022 | -1.4% | +66.2% | -61.4% |
| 2021 | +81.6% | +14.3% | +120.1% |
| 2020 | +36.5% | +18.6% | +84.4% |
| 2019 | -1.5% | +21.3% | -47.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Nan Newark Tech World 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 Nan Newark Tech World 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 $366K, with expenses exceeding revenue.
- Debt-to-asset ratio: 88.8%.
Frequently Asked Questions about Nan Newark Tech World
Is Nan Newark Tech World a legitimate charity?
Nan Newark Tech World (EIN: 813470980) is a registered tax-exempt nonprofit based in New Jersey. It has 8 years of IRS 990 filings on record. Total revenue: $2.4M. No red flags identified. Financial health grade: C.
How does Nan Newark Tech World spend its money?
Nan Newark Tech World reported $2.4M in total revenue in IRS 990 filings. 8 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Nan Newark Tech World tax-deductible?
Nan Newark Tech World is registered as a tax-exempt nonprofit (EIN: 813470980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Nan Newark Tech World located?
Nan Newark Tech World is headquartered in Newark, New Jersey and files with the IRS under EIN 813470980. It is classified under NTEE code B60.
How many years of IRS 990 filings does Nan Newark Tech World have?
Nan Newark Tech World has 8 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 $2.4M in total revenue.
Filing History
IRS 990 filing history for Nan Newark Tech World showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Nan Newark Tech World's revenue has grown by 63.6%, moving from $449K to $734K. Total assets increased by 138.5% over the same period, from $136K to $324K. Total functional expenses rose by 219.3%, from $345K to $1.1M. In its most recent filing year (2023), Nan Newark Tech World reported a deficit of $366K, with expenses exceeding revenue. The organization holds $288K in liabilities against $324K in assets (debt-to-asset ratio: 88.8%), resulting in net assets of $36K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $734K | $1.1M | $324K | $288K | — | — |
| 2022 | $1.6M | $1.9M | $297K | $224K | — | View 990 |
| 2021 | $1.6M | $1.1M | $769K | $425K | — | View 990 |
| 2020 | $891K | $982K | $349K | $315K | — | — |
| 2019 | $653K | $828K | $189K | $64K | — | View 990 |
| 2018 | $663K | $683K | $358K | $58K | — | View 990 |
| 2017 | $813K | $908K | $313K | $14K | — | View 990 |
| 2016 | $449K | $345K | $136K | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $734K, expenses of $1.1M, and assets of $324K (revenue -54.0% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.9M, and assets of $297K (revenue -1.4% year-over-year).
- 2021: Revenue of $1.6M, expenses of $1.1M, and assets of $769K (revenue +81.6% year-over-year).
- 2020: Revenue of $891K, expenses of $982K, and assets of $349K (revenue +36.5% year-over-year).
- 2019: Revenue of $653K, expenses of $828K, and assets of $189K (revenue -1.5% year-over-year).
- 2018: Revenue of $663K, expenses of $683K, and assets of $358K (revenue -18.5% year-over-year).
- 2017: Revenue of $813K, expenses of $908K, and assets of $313K (revenue +81.2% year-over-year).
- 2016: Revenue of $449K, expenses of $345K, and assets of $136K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nan Newark Tech World:
Data Sources and Methodology
This transparency report for Nan Newark Tech World 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.