Naz Elite Inc
EIN: 472739055 · Flagstaff, AZ · NTEE: N71
| Metric | Value |
|---|---|
| Total Revenue | $1.8M |
| Total Expenses | $1.4M |
| Net Assets | $-11,631 |
Is Naz Elite Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Naz Elite Inc
Naz Elite Inc (EIN: 472739055) is a nonprofit organization based in Flagstaff, AZ, classified under NTEE code N71. The organization reported total revenue of $1.8M and total assets of $175K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Naz Elite Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Naz Elite Inc is a mid-size nonprofit that has been operating for 11 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 23.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-18,039 |
| Total Assets | $28K |
| Total Liabilities | $39K |
| Net Assets | $-11,631 |
| Operating Margin | -1.3% |
| Debt-to-Asset Ratio | 142.0% |
| Months of Reserves | 0.2 months |
Financial Health Grade: D
In 2023, Naz Elite Inc reported a deficit of $18K with expenses exceeding revenue, holds 0.2 months of operating reserves (limited), has a debt-to-asset ratio of 142.0% (high leverage).
Financial Trends
Over 9 years of filings (2015–2023), Naz Elite Inc's revenue has grown at a compound annual growth rate (CAGR) of 23.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.9% | +33.0% | -44.7% |
| 2022 | +22.7% | +6.2% | +123.5% |
| 2021 | -6.7% | +12.8% | -87.5% |
| 2020 | +36.0% | +30.8% | +5.3% |
| 2019 | -10.8% | -3.9% | -10.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2015 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Naz Elite Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Naz Elite Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 142.0%.
Frequently Asked Questions about Naz Elite Inc
Is Naz Elite Inc a legitimate charity?
Naz Elite Inc (EIN: 472739055) is a registered tax-exempt nonprofit based in Arizona. It has 9 years of IRS 990 filings on record. Total revenue: $1.8M. No red flags identified. Financial health grade: D.
How does Naz Elite Inc spend its money?
Naz Elite Inc reported $1.8M in total revenue in IRS 990 filings. 9 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Naz Elite Inc tax-deductible?
Naz Elite Inc is registered as a tax-exempt nonprofit (EIN: 472739055). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Naz Elite Inc located?
Naz Elite Inc is headquartered in Flagstaff, Arizona and files with the IRS under EIN 472739055. It is classified under NTEE code N71.
How many years of IRS 990 filings does Naz Elite Inc have?
Naz Elite Inc has 9 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 $1.8M in total revenue.
Filing History
IRS 990 filing history for Naz Elite Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Naz Elite Inc's revenue has grown by 424.6%, moving from $259K to $1.4M. Total assets increased by 405.3% over the same period, from $5K to $28K. Total functional expenses rose by 381.3%, from $286K to $1.4M. In its most recent filing year (2023), Naz Elite Inc reported a deficit of $18K, with expenses exceeding revenue. The organization holds $39K in liabilities against $28K in assets (debt-to-asset ratio: 142.0%), resulting in net assets of $-11,631.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.4M | $28K | $39K | — | — |
| 2022 | $998K | $1.0M | $50K | $42K | — | View 990 |
| 2021 | $813K | $973K | $22K | $5K | — | View 990 |
| 2020 | $872K | $863K | $179K | $844 | — | — |
| 2019 | $641K | $660K | $170K | $774 | — | View 990 |
| 2018 | $718K | $687K | $190K | $2K | — | View 990 |
| 2017 | $1.0M | $839K | $157K | $2K | — | — |
| 2016 | $696K | $684K | $19K | $34K | — | View 990 |
| 2015 | $259K | $286K | $5K | $33K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.4M, and assets of $28K (revenue +35.9% year-over-year).
- 2022: Revenue of $998K, expenses of $1.0M, and assets of $50K (revenue +22.7% year-over-year).
- 2021: Revenue of $813K, expenses of $973K, and assets of $22K (revenue -6.7% year-over-year).
- 2020: Revenue of $872K, expenses of $863K, and assets of $179K (revenue +36.0% year-over-year).
- 2019: Revenue of $641K, expenses of $660K, and assets of $170K (revenue -10.8% year-over-year).
- 2018: Revenue of $718K, expenses of $687K, and assets of $190K (revenue -28.8% year-over-year).
- 2017: Revenue of $1.0M, expenses of $839K, and assets of $157K (revenue +45.0% year-over-year).
- 2016: Revenue of $696K, expenses of $684K, and assets of $19K (revenue +169.2% year-over-year).
- 2015: Revenue of $259K, expenses of $286K, and assets of $5K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Naz Elite Inc:
Data Sources and Methodology
This transparency report for Naz Elite 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.