Nareit Foundation
Nareit Foundation shows strong asset growth and no officer compensation, despite fluctuating revenues.
EIN: 200455984 · Washington, DC · NTEE: S114 · Updated: 2026-03-28
Is Nareit Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nareit Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nareit Foundation
Nareit Foundation (EIN: 200455984) is a nonprofit organization based in Washington, DC, classified under NTEE code S114. The organization reported total revenue of $290K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nareit Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nareit Foundation with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Nareit Foundation allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The Nareit Foundation consistently reports 0% officer compensation across all available filings, indicating that no executive salaries are paid, which is highly unusual and suggests a strong commitment to directing funds towards its mission.
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 Nareit Foundation's IRS 990 filings:
- Significant revenue volatility between years (e.g., $3M in 2022 to $935K in 2023) could indicate reliance on inconsistent funding sources.
Strengths
The following positive indicators were identified for Nareit Foundation:
- Consistent reporting of 0% officer compensation across all filings, indicating high efficiency in directing funds to mission.
- Strong asset growth, from $360,937 in 2021 to $2,922,444 in 2023, demonstrating excellent financial management.
- Zero liabilities reported in recent years (e.g., 2021-2023), indicating a very healthy balance sheet.
- Consistent positive net income in most years, contributing to financial stability and asset accumulation.
- Long history of IRS 990 filings (13 filings), suggesting a commitment to transparency and compliance.
Frequently Asked Questions about Nareit Foundation
Is Nareit Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Nareit Foundation (EIN: 200455984) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Nareit Foundation spend its money?
Nareit Foundation directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nareit Foundation tax-deductible?
Nareit Foundation is registered as a tax-exempt nonprofit (EIN: 200455984). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Nareit Foundation manage to operate with 0% officer compensation?
The filings consistently show 0% officer compensation, which is highly unusual for an organization of its size and activity. This could indicate that executive functions are performed by volunteers, or compensated through a related entity, which would require further investigation beyond the provided data.
What caused the significant revenue fluctuation between 2022 and 2023?
Revenue spiked to $3,023,152 in 2022 and then decreased to $935,929 in 2023. Without more detailed financial statements, it's difficult to pinpoint the exact cause, but it could be due to a large one-time grant, a specific fundraising event, or changes in membership/sponsorships in 2022 that were not sustained.
Is the Nareit Foundation financially stable given its revenue volatility?
Despite revenue fluctuations, the organization has consistently maintained positive net assets and zero liabilities in recent years (e.g., $2,922,444 in assets and $0 liabilities in 2023), indicating strong financial stability and a healthy reserve.
Filing History
IRS 990 filing history for Nareit Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nareit Foundation's revenue has grown by 6131.6%, moving from $15K to $936K. Total assets increased by 16166.5% over the same period, from $18K to $2.9M. Total functional expenses rose by 3004.5%, from $29K to $901K. In its most recent filing year (2023), Nareit Foundation reported a surplus of $35K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $936K | $901K | $2.9M | $0 | — | — |
| 2022 | $3.0M | $496K | $2.9M | $0 | — | View 990 |
| 2021 | $688K | $629K | $361K | $0 | — | View 990 |
| 2020 | $312K | $331K | $373K | $71K | — | View 990 |
| 2019 | $760K | $651K | $325K | $4K | — | View 990 |
| 2018 | $634K | $436K | $213K | $0 | — | View 990 |
| 2017 | $152K | $189K | $15K | $0 | — | View 990 |
| 2016 | $102K | $158K | $52K | $0 | — | View 990 |
| 2015 | $225K | $122K | $108K | $0 | — | View 990 |
| 2014 | $405K | $346K | $5K | $0 | — | View 990 |
| 2013 | $133K | $187K | $34K | $88K | — | View 990 |
| 2012 | $110K | $126K | $21K | $19K | — | View 990 |
| 2011 | $15K | $29K | $18K | $307 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $936K, expenses of $901K, and assets of $2.9M (revenue -69.0% year-over-year).
- 2022: Revenue of $3.0M, expenses of $496K, and assets of $2.9M (revenue +339.6% year-over-year).
- 2021: Revenue of $688K, expenses of $629K, and assets of $361K (revenue +120.6% year-over-year).
- 2020: Revenue of $312K, expenses of $331K, and assets of $373K (revenue -59.0% year-over-year).
- 2019: Revenue of $760K, expenses of $651K, and assets of $325K (revenue +19.9% year-over-year).
- 2018: Revenue of $634K, expenses of $436K, and assets of $213K (revenue +317.8% year-over-year).
- 2017: Revenue of $152K, expenses of $189K, and assets of $15K (revenue +49.1% year-over-year).
- 2016: Revenue of $102K, expenses of $158K, and assets of $52K (revenue -54.8% year-over-year).
- 2015: Revenue of $225K, expenses of $122K, and assets of $108K (revenue -44.4% year-over-year).
- 2014: Revenue of $405K, expenses of $346K, and assets of $5K (revenue +205.6% year-over-year).
- 2013: Revenue of $133K, expenses of $187K, and assets of $34K (revenue +20.5% year-over-year).
- 2012: Revenue of $110K, expenses of $126K, and assets of $21K (revenue +632.5% year-over-year).
- 2011: Revenue of $15K, expenses of $29K, and assets of $18K.
Data Sources and Methodology
This transparency report for Nareit Foundation 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.