Near East Foundation
Near East Foundation shows strong revenue and asset growth, with no reported officer compensation.
EIN: 131624114 · Syracuse, NY · NTEE: Q300 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $31.7M |
| Total Expenses | $19.1M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $20M |
| Net Assets | $8.5M |
| Transparency Score | 88/100 |
Is Near East Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Near East Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Near East Foundation
Near East Foundation (EIN: 131624114) is a nonprofit organization based in Syracuse, NY, classified under NTEE code Q300. The organization reported total revenue of $31.7M and total assets of $29.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Near East Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Near East Foundation is a large nonprofit that has been operating for 74 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.1M |
| Total Expenses | $19.1M |
| Surplus / Deficit | +$999K |
| Total Assets | $28.5M |
| Total Liabilities | $20.1M |
| Net Assets | $8.5M |
| Operating Margin | 5.0% |
| Debt-to-Asset Ratio | 70.3% |
| Months of Reserves | 17.9 months |
Financial Health Grade: A
In 2023, Near East Foundation reported a surplus of $999K with revenue exceeding expenses, holds 17.9 months of operating reserves (strong position), has a debt-to-asset ratio of 70.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Near East Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +29.7% | +23.2% | +75.8% |
| 2022 | -9.0% | -6.9% | +48.3% |
| 2021 | +31.9% | +24.7% | +14.6% |
| 2020 | -23.9% | -18.9% | -15.2% |
| 2019 | +5.3% | +2.1% | +23.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1952 |
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 Foundation with a Mission Score of 88 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: 12%
- programs: 80%
- fundraising: 8%
According to IRS 990 filings, Near East Foundation allocates its expenses as follows: admin: 12%, programs: 80%, fundraising: 8%. With 80% 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 $999K, with revenue exceeding expenses.
- Debt-to-asset ratio: 70.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size ($20M+ in revenue) and suggests either a fully volunteer executive team or compensation structured in a way not captured under 'officer compensation' on the 990, indicating strong financial stewardship in this area.
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 Foundation's IRS 990 filings:
- Significant increase in liabilities from $9.1M to $20.0M between 2022 and 2023, warranting further investigation.
Strengths
The following positive indicators were identified for Near East Foundation:
- Consistent revenue growth, from $7.1M in 2014 to $20.1M in 2023, demonstrating strong financial support.
- Healthy asset accumulation, reaching $28.5M in 2023, indicating financial stability and capacity.
- Consistent operational surpluses, with expenses generally below revenue.
- 0% reported officer compensation across all filings, indicating excellent financial stewardship regarding executive pay.
- Long and consistent IRS 990 filing history, demonstrating good governance and transparency.
Frequently Asked Questions about Near East Foundation
Is Near East Foundation a legitimate charity?
Near East Foundation (EIN: 131624114) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $31.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Near East Foundation spend its money?
Near East Foundation directs 80% of its spending to programs and services. Fundraising costs 8%. This exceeds the 65% industry benchmark.
Are donations to Near East Foundation tax-deductible?
Near East Foundation is registered as a tax-exempt nonprofit (EIN: 131624114). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Near East Foundation CEO make?
Near East Foundation's highest-compensated officer earns $20M annually. The organization reported $31.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Near East Foundation's spending goes to programs?
Near East Foundation directs 80% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Near East Foundation compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Near East Foundation is above average for NTEE category Q300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Near East Foundation located?
Near East Foundation is headquartered in Syracuse, New York and files with the IRS under EIN 131624114. It is classified under NTEE code Q300.
How many years of IRS 990 filings does Near East Foundation have?
Near East 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 $31.7M in total revenue.
How does Near East Foundation manage its significant increase in liabilities, from $9.1M in 2022 to $20.0M in 2023?
The substantial increase in liabilities needs further investigation from the full 990 filing to understand if it's related to program-specific grants, capital expenditures, or other obligations. While assets also grew significantly, the nature of these liabilities is key to assessing long-term financial stability.
What are the specific program areas that have driven the recent revenue growth to $20.1M in 2023?
The provided data shows a significant revenue increase. A deeper dive into the full 990 would reveal the sources of this revenue, such as government grants, private donations, or other funding, which can indicate the organization's strategic focus and donor base.
Given the 0% officer compensation, how are the organization's leaders compensated, or is it entirely volunteer-led?
The consistent reporting of 0% officer compensation is highly commendable. It suggests either a fully volunteer executive leadership or that compensation is categorized differently within the 990, which would require reviewing the full document to understand the complete compensation structure.
Filing History
IRS 990 filing history for Near East Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Near East Foundation's revenue has grown by 447.6%, moving from $3.7M to $20.1M. Total assets increased by 497.9% over the same period, from $4.8M to $28.5M. Total functional expenses rose by 434.8%, from $3.6M to $19.1M. In its most recent filing year (2023), Near East Foundation reported a surplus of $999K, with revenue exceeding expenses. The organization holds $20.1M in liabilities against $28.5M in assets (debt-to-asset ratio: 70.3%), resulting in net assets of $8.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.1M | $19.1M | $28.5M | $20.1M | — | View 990 |
| 2022 | $15.5M | $15.5M | $16.2M | $9.1M | — | View 990 |
| 2021 | $17.1M | $16.7M | $10.9M | $2.9M | — | View 990 |
| 2020 | $12.9M | $13.4M | $9.5M | $3.2M | — | View 990 |
| 2019 | $17.0M | $16.5M | $11.3M | $4.5M | — | View 990 |
| 2018 | $16.1M | $16.2M | $9.1M | $3.0M | — | View 990 |
| 2017 | $14.7M | $14.6M | $10.3M | $4.2M | — | View 990 |
| 2016 | $10.9M | $9.8M | $8.3M | $2.4M | — | View 990 |
| 2015 | $8.0M | $7.6M | $6.0M | $1.1M | — | View 990 |
| 2014 | $7.1M | $7.0M | $5.7M | $1.0M | — | View 990 |
| 2013 | $6.1M | $5.2M | $5.2M | $1.0M | — | View 990 |
| 2012 | $3.3M | $3.7M | $4.1M | $994K | — | View 990 |
| 2011 | $3.7M | $3.6M | $4.8M | $561K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.1M, expenses of $19.1M, and assets of $28.5M (revenue +29.7% year-over-year).
- 2022: Revenue of $15.5M, expenses of $15.5M, and assets of $16.2M (revenue -9.0% year-over-year).
- 2021: Revenue of $17.1M, expenses of $16.7M, and assets of $10.9M (revenue +31.9% year-over-year).
- 2020: Revenue of $12.9M, expenses of $13.4M, and assets of $9.5M (revenue -23.9% year-over-year).
- 2019: Revenue of $17.0M, expenses of $16.5M, and assets of $11.3M (revenue +5.3% year-over-year).
- 2018: Revenue of $16.1M, expenses of $16.2M, and assets of $9.1M (revenue +10.0% year-over-year).
- 2017: Revenue of $14.7M, expenses of $14.6M, and assets of $10.3M (revenue +34.5% year-over-year).
- 2016: Revenue of $10.9M, expenses of $9.8M, and assets of $8.3M (revenue +35.9% year-over-year).
- 2015: Revenue of $8.0M, expenses of $7.6M, and assets of $6.0M (revenue +12.3% year-over-year).
- 2014: Revenue of $7.1M, expenses of $7.0M, and assets of $5.7M (revenue +16.4% year-over-year).
- 2013: Revenue of $6.1M, expenses of $5.2M, and assets of $5.2M (revenue +87.7% year-over-year).
- 2012: Revenue of $3.3M, expenses of $3.7M, and assets of $4.1M (revenue -11.2% year-over-year).
- 2011: Revenue of $3.7M, expenses of $3.6M, and assets of $4.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Near East Foundation:
Data Sources and Methodology
This transparency report for Near East 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.