Near East Area Renewal Inc
Near East Area Renewal Inc. faces recent deficits despite substantial assets and zero reported officer compensation.
EIN: 200146547 · Indianapolis, IN · NTEE: L81 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $982K |
| Total Expenses | $709K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $5 |
| Net Assets | $4.1M |
| Transparency Score | 70/100 |
Is Near East Area Renewal Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Near East Area Renewal Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Near East Area Renewal Inc
Near East Area Renewal Inc (EIN: 200146547) is a nonprofit organization based in Indianapolis, IN, classified under NTEE code L81. The organization reported total revenue of $982K and total assets of $5.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Near East Area Renewal Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Near East Area Renewal Inc is a small nonprofit that has been operating for 22 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -16.1%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $439K |
| Total Expenses | $709K |
| Surplus / Deficit | $-269,350 |
| Total Assets | $4.3M |
| Total Liabilities | $236K |
| Net Assets | $4.1M |
| Operating Margin | -61.3% |
| Debt-to-Asset Ratio | 5.5% |
| Months of Reserves | 73.1 months |
Financial Health Grade: B
In 2024, Near East Area Renewal Inc reported a deficit of $269K with expenses exceeding revenue, holds 73.1 months of operating reserves (strong position), has a debt-to-asset ratio of 5.5% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Near East Area Renewal Inc's revenue has declined at a compound annual growth rate (CAGR) of -16.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -26.8% | -5.1% | -7.2% |
| 2023 | -39.6% | +2.3% | -9.3% |
| 2022 | +29.1% | +2.1% | +12.3% |
| 2021 | -67.6% | -0.3% | -17.2% |
| 2020 | +65.3% | -13.8% | +72.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Near East Area Renewal Inc with a Mission Score of 70 out of 100 (Good). 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, Near East Area Renewal Inc 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 deficit of $269K, with expenses exceeding revenue.
- Debt-to-asset ratio: 5.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers receive no compensation, which is highly unusual for an organization with assets over $5 million and annual expenses often exceeding $700,000.
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 Near East Area Renewal Inc's IRS 990 filings:
- Consistent deficit spending in recent years (e.g., $269,350 deficit in 2024, $146,875 in 2023).
- Highly volatile revenue streams, making financial planning challenging.
- Unusually low liabilities relative to assets in some periods, then significant increases (e.g., $1,328,818 in 2020).
Strengths
The following positive indicators were identified for Near East Area Renewal Inc:
- Zero reported officer compensation, indicating a highly lean or volunteer-driven executive leadership.
- Substantial asset base ($5,107,748) providing a buffer against financial fluctuations.
- Long history of IRS 990 filings (14 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Near East Area Renewal Inc
Is Near East Area Renewal Inc a legitimate charity?
Near East Area Renewal Inc (EIN: 200146547) is a registered tax-exempt nonprofit based in Indiana. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $982K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Near East Area Renewal Inc spend its money?
Near East Area Renewal Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Near East Area Renewal Inc tax-deductible?
Near East Area Renewal Inc is registered as a tax-exempt nonprofit (EIN: 200146547). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Near East Area Renewal Inc CEO make?
Near East Area Renewal Inc's highest-compensated officer earns $5 annually. The organization reported $982K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Near East Area Renewal Inc's spending goes to programs?
Near East Area Renewal Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Near East Area Renewal Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Near East Area Renewal Inc is above average for NTEE category L81 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Near East Area Renewal Inc located?
Near East Area Renewal Inc is headquartered in Indianapolis, Indiana and files with the IRS under EIN 200146547. It is classified under NTEE code L81.
How many years of IRS 990 filings does Near East Area Renewal Inc have?
Near East Area Renewal Inc has 14 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 $982K in total revenue.
Is Near East Area Renewal Inc. financially stable given recent deficits?
The organization has reported expenses exceeding revenue in the last two fiscal periods (2024 and 2023), with deficits of $269,350 and $146,875 respectively. While it possesses substantial assets ($5,107,748), this trend of deficit spending, if continued, could impact long-term financial stability.
How does the organization manage without paid officers?
The consistent reporting of 0% officer compensation across all filings suggests a volunteer-led executive structure or that compensation is categorized differently, which is unusual for an organization of this size and operational scope. Further investigation into their governance and operational structure would be needed to understand how leadership roles are compensated or managed.
What caused the significant revenue fluctuations?
Revenue has varied dramatically, from $2,378,738 in 2020 to $439,412 in 2024. This volatility could be due to large one-time grants, property sales, or inconsistent fundraising efforts. Understanding the sources of revenue would clarify the sustainability of their funding model.
Filing History
IRS 990 filing history for Near East Area Renewal Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Near East Area Renewal Inc's revenue has declined by 89.9%, moving from $4.3M to $439K. Total assets increased by 12% over the same period, from $3.9M to $4.3M. Total functional expenses fell by 77.2%, from $3.1M to $709K. In its most recent filing year (2024), Near East Area Renewal Inc reported a deficit of $269K, with expenses exceeding revenue. The organization holds $236K in liabilities against $4.3M in assets (debt-to-asset ratio: 5.5%), resulting in net assets of $4.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $439K | $709K | $4.3M | $236K | — | — |
| 2023 | $600K | $747K | $4.6M | $300K | — | View 990 |
| 2022 | $994K | $731K | $5.1M | $628K | — | View 990 |
| 2021 | $770K | $716K | $4.6M | $329K | — | View 990 |
| 2020 | $2.4M | $718K | $5.5M | $1.3M | — | View 990 |
| 2019 | $1.4M | $833K | $3.2M | $683K | — | View 990 |
| 2018 | $1.2M | $804K | $3.0M | $1.1M | — | View 990 |
| 2017 | $577K | $566K | $2.2M | $628K | — | View 990 |
| 2016 | $728K | $850K | $2.3M | $784K | — | View 990 |
| 2015 | $1.6M | $1.1M | $3.3M | $1.6M | — | View 990 |
| 2014 | $561K | $921K | $1.6M | $449K | — | View 990 |
| 2013 | $472K | $1.5M | $2.0M | $456K | — | View 990 |
| 2012 | $2.5M | $1.9M | $4.0M | $1.5M | — | View 990 |
| 2011 | $4.3M | $3.1M | $3.9M | $1.9M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $439K, expenses of $709K, and assets of $4.3M (revenue -26.8% year-over-year).
- 2023: Revenue of $600K, expenses of $747K, and assets of $4.6M (revenue -39.6% year-over-year).
- 2022: Revenue of $994K, expenses of $731K, and assets of $5.1M (revenue +29.1% year-over-year).
- 2021: Revenue of $770K, expenses of $716K, and assets of $4.6M (revenue -67.6% year-over-year).
- 2020: Revenue of $2.4M, expenses of $718K, and assets of $5.5M (revenue +65.3% year-over-year).
- 2019: Revenue of $1.4M, expenses of $833K, and assets of $3.2M (revenue +23.9% year-over-year).
- 2018: Revenue of $1.2M, expenses of $804K, and assets of $3.0M (revenue +101.3% year-over-year).
- 2017: Revenue of $577K, expenses of $566K, and assets of $2.2M (revenue -20.7% year-over-year).
- 2016: Revenue of $728K, expenses of $850K, and assets of $2.3M (revenue -54.6% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.1M, and assets of $3.3M (revenue +185.9% year-over-year).
- 2014: Revenue of $561K, expenses of $921K, and assets of $1.6M (revenue +19.0% year-over-year).
- 2013: Revenue of $472K, expenses of $1.5M, and assets of $2.0M (revenue -81.1% year-over-year).
- 2012: Revenue of $2.5M, expenses of $1.9M, and assets of $4.0M (revenue -42.3% year-over-year).
- 2011: Revenue of $4.3M, expenses of $3.1M, and assets of $3.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Near East Area Renewal Inc:
Data Sources and Methodology
This transparency report for Near East Area Renewal 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.