Naon Inc
Naon Inc. maintains substantial assets and reports no officer compensation, despite fluctuating annual revenues and occasional operating deficits.
EIN: 134099539 · New York, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $832K |
| Total Expenses | $1.8M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $27,122,159 |
| Net Assets | $27.1M |
| Transparency Score | 85/100 |
Is Naon Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Naon Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Naon Inc
Naon Inc (EIN: 134099539) is a nonprofit organization based in New York, NY, classified under NTEE code T20. The organization reported total revenue of $832K and total assets of $28.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Naon Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Naon Inc is a small nonprofit that has been operating for 26 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$377K |
| Total Assets | $27.1M |
| Total Liabilities | $1K |
| Net Assets | $27.1M |
| Operating Margin | 17.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 180.9 months |
Financial Health Grade: A
In 2023, Naon Inc reported a surplus of $377K with revenue exceeding expenses, holds 180.9 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Naon Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +41.0% | -8.5% | +1.4% |
| 2022 | -7.3% | +5.2% | -1.6% |
| 2021 | +17.8% | +18.1% | -0.7% |
| 2020 | -53.2% | -6.5% | -0.2% |
| 2019 | +18.6% | +11.1% | +20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
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 Naon 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, Naon 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 $377K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Naon Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its asset size ($27,122,159 in 2023).
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 Naon Inc's IRS 990 filings:
- Occasional operating deficits (e.g., 2022 and 2021, where expenses exceeded revenue)
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data to fully assess efficiency ratios
Strengths
The following positive indicators were identified for Naon Inc:
- Consistently reports 0% officer compensation, indicating high efficiency and mission focus
- Substantial and growing asset base, reaching $27,122,159 in 2023
- Very low liabilities, often $0 or around $1,000
- Consistent IRS 990 filing history over a decade, demonstrating transparency and compliance
- Positive operating margin in the most recent filing (2023: Revenue $2,176,251 vs. Expenses $1,798,835)
Frequently Asked Questions about Naon Inc
Is Naon Inc a legitimate charity?
Naon Inc (EIN: 134099539) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 10 years of IRS 990 filings on record. Total revenue: $832K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does Naon Inc spend its money?
Naon Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Naon Inc tax-deductible?
Naon Inc is registered as a tax-exempt nonprofit (EIN: 134099539). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Naon Inc CEO make?
Naon Inc's highest-compensated officer earns $27,122,159 annually. The organization reported $832K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Naon Inc's spending goes to programs?
Naon Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Naon Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Naon Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Naon Inc located?
Naon Inc is headquartered in New York, New York and files with the IRS under EIN 134099539. It is classified under NTEE code T20.
How many years of IRS 990 filings does Naon Inc have?
Naon Inc has 10 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 $832K in total revenue.
Is Naon Inc. financially stable?
Yes, Naon Inc. appears financially stable, primarily due to its substantial and growing asset base, which reached $27,122,159 in 2023. While annual revenues have fluctuated and expenses occasionally exceeded revenue (e.g., 2022 and 2021), the organization's significant assets and minimal liabilities provide a strong buffer.
How does Naon Inc.'s executive compensation compare to other nonprofits?
Naon Inc.'s executive compensation is exceptionally low, reporting 0% officer compensation in all available filings. This is significantly lower than most nonprofits, especially those with assets exceeding $20 million, and suggests a strong commitment to directing funds away from executive salaries.
What is the trend in Naon Inc.'s revenue and expenses?
Naon Inc.'s revenue has fluctuated, peaking at $3,020,420 in 2019 and $2,545,903 in 2015, but showing a recent increase from $1,543,755 in 2022 to $2,176,251 in 2023. Expenses have generally increased over the decade, from $1,224,065 in 2011 to $1,798,835 in 2023, with some years showing expenses exceeding revenue.
Does Naon Inc. have significant liabilities?
No, Naon Inc. has consistently reported very low liabilities, often $0 or around $1,000, such as $1,025 in 2023. This indicates a very healthy balance sheet and minimal financial obligations.
Filing History
IRS 990 filing history for Naon Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Naon Inc's revenue has declined by 2.3%, moving from $2.2M to $2.2M. Total assets increased by 31.8% over the same period, from $20.6M to $27.1M. Total functional expenses rose by 47%, from $1.2M to $1.8M. In its most recent filing year (2023), Naon Inc reported a surplus of $377K, with revenue exceeding expenses. The organization holds $1K in liabilities against $27.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $27.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $1.8M | $27.1M | $1K | — | View 990 |
| 2022 | $1.5M | $2.0M | $26.7M | $1K | — | View 990 |
| 2021 | $1.7M | $1.9M | $27.2M | $1K | — | View 990 |
| 2020 | $1.4M | $1.6M | $27.4M | $1K | — | View 990 |
| 2019 | $3.0M | $1.7M | $27.4M | $0 | — | View 990 |
| 2015 | $2.5M | $1.5M | $22.7M | $0 | — | View 990 |
| 2014 | $2.3M | $1.5M | $21.9M | $0 | — | View 990 |
| 2013 | $1.7M | $1.3M | $21.2M | $0 | — | View 990 |
| 2012 | $1.6M | $1.3M | $21.0M | $0 | — | View 990 |
| 2011 | $2.2M | $1.2M | $20.6M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $1.8M, and assets of $27.1M (revenue +41.0% year-over-year).
- 2022: Revenue of $1.5M, expenses of $2.0M, and assets of $26.7M (revenue -7.3% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.9M, and assets of $27.2M (revenue +17.8% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.6M, and assets of $27.4M (revenue -53.2% year-over-year).
- 2019: Revenue of $3.0M, expenses of $1.7M, and assets of $27.4M (revenue +18.6% year-over-year).
- 2015: Revenue of $2.5M, expenses of $1.5M, and assets of $22.7M (revenue +10.2% year-over-year).
- 2014: Revenue of $2.3M, expenses of $1.5M, and assets of $21.9M (revenue +35.9% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.3M, and assets of $21.2M (revenue +7.1% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.3M, and assets of $21.0M (revenue -28.8% year-over-year).
- 2011: Revenue of $2.2M, expenses of $1.2M, and assets of $20.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Naon Inc:
Data Sources and Methodology
This transparency report for Naon 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.