National Council Of Textile Organizations
National Council Of Textile Organizations shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 200767664 · Washington, DC · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.7M |
| Total Expenses | $2.3M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $5.7M |
| Transparency Score | 85/100 |
Is National Council Of Textile Organizations Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
National Council Of Textile Organizations directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About National Council Of Textile Organizations
National Council Of Textile Organizations (EIN: 200767664) is a nonprofit organization based in Washington, DC, classified under NTEE code S41. The organization reported total revenue of $4.7M and total assets of $6.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of National Council Of Textile Organizations's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
National Council Of Textile Organizations is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 9.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.3M |
| Surplus / Deficit | +$586K |
| Total Assets | $5.9M |
| Total Liabilities | $233K |
| Net Assets | $5.7M |
| Operating Margin | 20.5% |
| Debt-to-Asset Ratio | 3.9% |
| Months of Reserves | 31.2 months |
Financial Health Grade: A
In 2024, National Council Of Textile Organizations reported a surplus of $586K with revenue exceeding expenses, holds 31.2 months of operating reserves (strong position), has a debt-to-asset ratio of 3.9% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), National Council Of Textile Organizations's revenue has grown at a compound annual growth rate (CAGR) of 9.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -6.5% | -2.8% | +14.7% |
| 2023 | +5.9% | +17.5% | +18.3% |
| 2022 | +34.4% | +24.3% | +19.7% |
| 2021 | -1.5% | -23.1% | +19.7% |
| 2020 | -10.8% | +22.4% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 National Council Of Textile Organizations 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: 75%
- fundraising: 10%
According to IRS 990 filings, National Council Of Textile Organizations allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $586K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is unusual for an organization of its size with revenues reaching over $3 million. This suggests either a fully volunteer-led executive team or that executive compensation is reported under other expense categories, warranting further scrutiny for complete transparency.
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 National Council Of Textile Organizations's IRS 990 filings:
- Consistent 0% officer compensation reported, which is unusual for an organization of this size and could indicate a lack of transparency in executive pay reporting.
- Lack of detailed functional expense breakdown in provided data makes it difficult to fully assess spending efficiency across programs, administration, and fundraising.
Strengths
The following positive indicators were identified for National Council Of Textile Organizations:
- Consistent revenue growth, increasing from $2,024,406 in 2015 to $2,861,931 in 2024.
- Strong asset accumulation, growing from $1,274,929 in 2015 to $5,917,541 in 2024, indicating robust financial health.
- Consistently operates with a surplus, as expenses are generally lower than revenue, contributing to asset growth.
- Low liabilities relative to assets, demonstrating financial stability (e.g., $233,272 liabilities vs. $5,917,541 assets in 2024).
Frequently Asked Questions about National Council Of Textile Organizations
Is National Council Of Textile Organizations a legitimate charity?
National Council Of Textile Organizations (EIN: 200767664) is a registered tax-exempt nonprofit based in Washington DC. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.7M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does National Council Of Textile Organizations spend its money?
National Council Of Textile Organizations directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to National Council Of Textile Organizations tax-deductible?
National Council Of Textile Organizations is registered as a tax-exempt nonprofit (EIN: 200767664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the National Council Of Textile Organizations CEO make?
National Council Of Textile Organizations's highest-compensated officer earns $3 annually. The organization reported $4.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of National Council Of Textile Organizations's spending goes to programs?
National Council Of Textile Organizations directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does National Council Of Textile Organizations compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), National Council Of Textile Organizations is above average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is National Council Of Textile Organizations located?
National Council Of Textile Organizations is headquartered in Washington, Washington DC and files with the IRS under EIN 200767664. It is classified under NTEE code S41.
How many years of IRS 990 filings does National Council Of Textile Organizations have?
National Council Of Textile Organizations 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 $4.7M in total revenue.
How does NCTO manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization with revenues exceeding $2 million annually. This could mean that executive leadership is entirely volunteer-based, or that compensation for key executives is categorized under other expense lines (e.g., salaries and wages for staff) rather than specifically as 'officer compensation' on the IRS Form 990. Further investigation into their detailed functional expenses would be needed to clarify this.
What are the specific program activities funded by NCTO's expenses?
Without the detailed functional expense breakdown from the IRS Form 990, it is not possible to identify the specific program activities. The NTEE code S41 (Business & Commerce) suggests activities related to promoting the textile industry, which could include advocacy, research, education, or trade promotion. A review of their full 990 would provide this detail.
What is the primary source of NCTO's revenue?
The provided data only shows total revenue. To determine the primary source (e.g., membership dues, contributions, program service revenue), one would need to consult the detailed revenue breakdown on the IRS Form 990, Part VIII, Statement of Revenue.
Filing History
IRS 990 filing history for National Council Of Textile Organizations showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), National Council Of Textile Organizations's revenue has grown by 209.2%, moving from $926K to $2.9M. Total assets increased by 1385.1% over the same period, from $398K to $5.9M. Total functional expenses rose by 124.2%, from $1.0M to $2.3M. In its most recent filing year (2024), National Council Of Textile Organizations reported a surplus of $586K, with revenue exceeding expenses. The organization holds $233K in liabilities against $5.9M in assets (debt-to-asset ratio: 3.9%), resulting in net assets of $5.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.9M | $2.3M | $5.9M | $233K | — | View 990 |
| 2023 | $3.1M | $2.3M | $5.2M | $352K | — | — |
| 2022 | $2.9M | $2.0M | $4.4M | $148K | — | View 990 |
| 2021 | $2.2M | $1.6M | $3.6M | $192K | — | View 990 |
| 2020 | $2.2M | $2.1M | $3.0M | $202K | — | View 990 |
| 2019 | $2.4M | $1.7M | $2.9M | $122K | — | View 990 |
| 2018 | $1.9M | $1.6M | $2.3M | $253K | — | View 990 |
| 2017 | $2.1M | $1.8M | $1.8M | $77K | — | View 990 |
| 2016 | $2.0M | $1.7M | $1.9M | $541K | — | View 990 |
| 2015 | $2.0M | $1.6M | $1.3M | $158K | — | View 990 |
| 2014 | $2.3M | $2.4M | $1.0M | $350K | — | View 990 |
| 2013 | $1.9M | $1.4M | $1.0M | $237K | — | View 990 |
| 2012 | $926K | $1.0M | $398K | $122K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.9M, expenses of $2.3M, and assets of $5.9M (revenue -6.5% year-over-year).
- 2023: Revenue of $3.1M, expenses of $2.3M, and assets of $5.2M (revenue +5.9% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.0M, and assets of $4.4M (revenue +34.4% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.6M, and assets of $3.6M (revenue -1.5% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.1M, and assets of $3.0M (revenue -10.8% year-over-year).
- 2019: Revenue of $2.4M, expenses of $1.7M, and assets of $2.9M (revenue +26.1% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.6M, and assets of $2.3M (revenue -9.7% year-over-year).
- 2017: Revenue of $2.1M, expenses of $1.8M, and assets of $1.8M (revenue +9.7% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.7M, and assets of $1.9M (revenue -3.3% year-over-year).
- 2015: Revenue of $2.0M, expenses of $1.6M, and assets of $1.3M (revenue -13.0% year-over-year).
- 2014: Revenue of $2.3M, expenses of $2.4M, and assets of $1.0M (revenue +20.3% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.4M, and assets of $1.0M (revenue +108.8% year-over-year).
- 2012: Revenue of $926K, expenses of $1.0M, and assets of $398K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for National Council Of Textile Organizations:
Data Sources and Methodology
This transparency report for National Council Of Textile Organizations 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.