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
| Metric | Value |
|---|---|
| Total Revenue | $290K |
| Total Expenses | $901K |
| Program Spending | 85% |
| Net Assets | $2.9M |
| Transparency Score | 90/100 |
Search Intent Cockpit
Nareit Foundation Form 990, Revenue, CEO Pay, and IRS Filing Signals
Nareit Foundation is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Nareit Foundation in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $936K and expenses of $901K.
Revenue and Expenses
Nareit Foundation reported $936K in revenue and $901K in expenses, a surplus of $35K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 5 strengths are shown from structured and AI review.
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 →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $766K (85%) |
Across stored filings, Nareit Foundation shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Small Point Summer School Inc | Washington DC and Community Improvement context |
Trust Check
Review legitimacy, deductibility, red flags, and filing consistency.
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Next Best Actions
Keep the Investigation Moving
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.
Organization Overview
Nareit Foundation is a small 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 41.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $936K |
| Total Expenses | $901K |
| Surplus / Deficit | +$35K |
| Total Assets | $2.9M |
| Net Assets | $2.9M |
| Operating Margin | 3.7% |
| Months of Reserves | 38.9 months |
Financial Health Grade: A
In 2023, Nareit Foundation reported a surplus of $35K with revenue exceeding expenses, holds 38.9 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Nareit Foundation's revenue has grown at a compound annual growth rate (CAGR) of 41.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -69.0% | +81.6% | +1.2% |
| 2022 | +339.6% | -21.1% | +700.1% |
| 2021 | +120.6% | +90.1% | -3.3% |
| 2020 | -59.0% | -49.2% | +14.8% |
| 2019 | +19.9% | +49.5% | +53.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| 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 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $35K, with revenue exceeding expenses.
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?
Nareit Foundation (EIN: 200455984) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $290K. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Nareit Foundation spend its money?
Nareit Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
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.
What percentage of Nareit Foundation's spending goes to programs?
Nareit Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nareit Foundation compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Nareit Foundation is above average for NTEE category S114 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nareit Foundation located?
Nareit Foundation is headquartered in Washington, Washington DC and files with the IRS under EIN 200455984. It is classified under NTEE code S114.
How many years of IRS 990 filings does Nareit Foundation have?
Nareit Foundation 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 $290K in total revenue.
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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nareit Foundation:
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.