National Aphasia Association Inc

Is National Aphasia Association Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

National Aphasia Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About National Aphasia Association Inc

National Aphasia Association Inc (EIN: 133411063) is a nonprofit organization based in Apex, NC. The organization reported total revenue of $467K and total assets of $626K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Aphasia Association Inc'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 National Aphasia Association Inc 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: 15%
• programs: 80%
• fundraising: 5%

According to IRS 990 filings, National Aphasia Association 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for a nonprofit of its size, suggesting a high dedication of resources to its mission rather than executive salaries.

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.

Strengths

The following positive indicators were identified for National Aphasia Association Inc:

• Significant revenue growth in the latest period ($461,678 in 202312 compared to $177,929 in 202212).
• Consistent reporting of 0% officer compensation across all filings, indicating strong mission focus.
• Healthy asset growth, from $157,701 in 202212 to $450,585 in 202312.
• Expenses ($197,305 in 202312) are well below revenue, suggesting efficient financial management.

Frequently Asked Questions about National Aphasia Association Inc

Filing History

IRS 990 filing history for National Aphasia Association Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), National Aphasia Association Inc's revenue has grown by 85.3%, moving from $249K to $462K. Total assets increased by 3.4% over the same period, from $436K to $451K. Total functional expenses fell by 40.3%, from $330K to $197K. In its most recent filing year (2023), National Aphasia Association Inc reported a surplus of $264K, with revenue exceeding expenses. The organization holds $29K in liabilities against $451K in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $422K.

Year-by-Year Financial Summary

• 2023: Revenue of $462K, expenses of $197K, and assets of $451K (revenue +159.5% year-over-year).
• 2022: Revenue of $178K, expenses of $158K, and assets of $158K (revenue -1.2% year-over-year).
• 2021: Revenue of $180K, expenses of $115K, and assets of $138K (revenue +78.8% year-over-year).
• 2020: Revenue of $101K, expenses of $121K, and assets of $73K (revenue -7.2% year-over-year).
• 2019: Revenue of $108K, expenses of $177K, and assets of $93K (revenue +26.7% year-over-year).
• 2018: Revenue of $86K, expenses of $126K, and assets of $161K (revenue +19.5% year-over-year).
• 2017: Revenue of $72K, expenses of $96K, and assets of $202K (revenue -14.0% year-over-year).
• 2016: Revenue of $83K, expenses of $66K, and assets of $226K (revenue -30.0% year-over-year).
• 2015: Revenue of $119K, expenses of $70K, and assets of $208K (revenue +11.5% year-over-year).
• 2014: Revenue of $107K, expenses of $262K, and assets of $159K (revenue -61.0% year-over-year).
• 2013: Revenue of $274K, expenses of $308K, and assets of $319K (revenue -14.3% year-over-year).
• 2012: Revenue of $319K, expenses of $384K, and assets of $378K (revenue +28.1% year-over-year).
• 2011: Revenue of $249K, expenses of $330K, and assets of $436K.

Data Sources and Methodology

This transparency report for National Aphasia Association 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.