Nara Fund Inc
Nara Fund Inc. maintains strong asset base with minimal liabilities and no reported officer compensation.
EIN: 133060101 · Thetford, VT · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.0M |
| Total Expenses | $124K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $2.1M |
| Transparency Score | 85/100 |
Is Nara Fund Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nara Fund Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nara Fund Inc
Nara Fund Inc (EIN: 133060101) is a nonprofit organization based in Thetford, VT. The organization reported total revenue of $2.0M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nara Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nara Fund Inc is a mid-size nonprofit that has been operating for 64 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $166K |
| Total Expenses | $124K |
| Surplus / Deficit | +$42K |
| Total Assets | $2.1M |
| Total Liabilities | $1 |
| Net Assets | $2.1M |
| Operating Margin | 25.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 201.5 months |
Financial Health Grade: A
In 2023, Nara Fund Inc reported a surplus of $42K with revenue exceeding expenses, holds 201.5 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), Nara Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.7% | -25.7% | +2.1% |
| 2022 | -57.1% | +7.4% | -1.6% |
| 2021 | +210.0% | +1.9% | +8.2% |
| 2020 | -23.4% | -10.7% | -2.6% |
| 2019 | +119.3% | +38.1% | -2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1962 |
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 Nara Fund 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Nara Fund Inc 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 surplus of $42K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Nara Fund Inc. consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer-led organization or that compensation is structured in a way not reported in this section of the 990, which is unusual for an organization with over $2 million in assets.
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 Nara Fund Inc's IRS 990 filings:
- Unknown NTEE code limits understanding of mission focus
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data
- Consistent 0% officer compensation may warrant further inquiry for full transparency on leadership structure
Strengths
The following positive indicators were identified for Nara Fund Inc:
- Strong and consistent asset base (over $2 million)
- Extremely low liabilities ($1 or $0 across all filings)
- Consistent filing of IRS 990s (10 filings)
- No reported officer compensation, suggesting efficient use of funds or volunteer leadership
Frequently Asked Questions about Nara Fund Inc
Is Nara Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nara Fund Inc (EIN: 133060101) some concerns. Mission Score: 85/100. 3 red flags identified, 4 strengths noted.
How does Nara Fund Inc spend its money?
Nara Fund Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nara Fund Inc tax-deductible?
Nara Fund Inc is registered as a tax-exempt nonprofit (EIN: 133060101). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nara Fund Inc CEO make?
Nara Fund Inc's highest-compensated officer earns $2 annually. The organization reported $2.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nara Fund Inc's spending goes to programs?
Nara Fund Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Nara Fund Inc located?
Nara Fund Inc is headquartered in Thetford, Vermont and files with the IRS under EIN 133060101.
How many years of IRS 990 filings does Nara Fund Inc have?
Nara Fund 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 $2.0M in total revenue.
Is Nara Fund Inc. a good charity?
Based on its strong asset base ($2,260,037), minimal liabilities ($1), and consistent financial reporting, Nara Fund Inc. appears to be a financially stable organization. The absence of reported officer compensation is a notable positive, suggesting resources are directed elsewhere. However, without detailed program spending breakdowns and a clear NTEE code, a full assessment of programmatic impact is limited.
Why is there no officer compensation reported?
The IRS 990 filings for Nara Fund Inc. consistently show 0% officer compensation. This could indicate that the organization is entirely run by volunteers, or that any compensation for leadership roles is structured in a way that it is not reported as 'officer compensation' on the 990, which would require further investigation to clarify.
What is the organization's primary program focus?
The NTEE code for Nara Fund Inc. is listed as 'Unknown,' which makes it difficult to ascertain their specific programmatic focus directly from the available data. Further information from their website or other public disclosures would be needed to understand their mission and activities.
How has Nara Fund Inc.'s financial health changed over time?
Nara Fund Inc. has maintained a remarkably stable financial position over the past decade, with assets consistently above $1.8 million and often exceeding $2 million. While annual revenues and expenses have fluctuated, the organization has consistently kept liabilities at a negligible level, indicating robust long-term financial health and asset preservation.
Filing History
IRS 990 filing history for Nara Fund Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Nara Fund Inc's revenue has grown by 102.8%, moving from $82K to $166K. Total assets increased by 10% over the same period, from $1.9M to $2.1M. Total functional expenses rose by 23.7%, from $100K to $124K. In its most recent filing year (2023), Nara Fund Inc reported a surplus of $42K, with revenue exceeding expenses. The organization holds $1 in liabilities against $2.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $2.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $166K | $124K | $2.1M | $1 | — | — |
| 2022 | $135K | $167K | $2.0M | $1 | — | View 990 |
| 2021 | $313K | $156K | $2.1M | $1 | — | View 990 |
| 2020 | $101K | $153K | $1.9M | $1 | — | — |
| 2019 | $132K | $171K | $2.0M | $1 | — | View 990 |
| 2015 | $60K | $124K | $2.0M | $1 | — | View 990 |
| 2014 | $130K | $127K | $2.1M | $1 | — | View 990 |
| 2013 | $102K | $128K | $2.1M | $1 | — | View 990 |
| 2012 | $310K | $108K | $2.1M | $0 | — | View 990 |
| 2011 | $82K | $100K | $1.9M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $166K, expenses of $124K, and assets of $2.1M (revenue +23.7% year-over-year).
- 2022: Revenue of $135K, expenses of $167K, and assets of $2.0M (revenue -57.1% year-over-year).
- 2021: Revenue of $313K, expenses of $156K, and assets of $2.1M (revenue +210.0% year-over-year).
- 2020: Revenue of $101K, expenses of $153K, and assets of $1.9M (revenue -23.4% year-over-year).
- 2019: Revenue of $132K, expenses of $171K, and assets of $2.0M (revenue +119.3% year-over-year).
- 2015: Revenue of $60K, expenses of $124K, and assets of $2.0M (revenue -53.8% year-over-year).
- 2014: Revenue of $130K, expenses of $127K, and assets of $2.1M (revenue +28.1% year-over-year).
- 2013: Revenue of $102K, expenses of $128K, and assets of $2.1M (revenue -67.2% year-over-year).
- 2012: Revenue of $310K, expenses of $108K, and assets of $2.1M (revenue +277.4% year-over-year).
- 2011: Revenue of $82K, expenses of $100K, and assets of $1.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nara Fund Inc:
Data Sources and Methodology
This transparency report for Nara Fund 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.