Nehi Inc
Nehi Inc. faces recent revenue decline and operating deficits despite consistent asset base and no reported officer compensation.
EIN: 10624865 · Boston, MA · NTEE: E05 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $1.7M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $1.5 |
| Net Assets | $23K |
| Transparency Score | 70/100 |
Is Nehi Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nehi Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nehi Inc
Nehi Inc (EIN: 10624865) is a nonprofit organization based in Boston, MA, classified under NTEE code E05. The organization reported total revenue of $1.5M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nehi Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nehi Inc is a mid-size nonprofit that has been operating for 23 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-141,759 |
| Total Assets | $1.4M |
| Total Liabilities | $1.4M |
| Net Assets | $23K |
| Operating Margin | -9.3% |
| Debt-to-Asset Ratio | 98.4% |
| Months of Reserves | 10.1 months |
Financial Health Grade: C
In 2023, Nehi Inc reported a deficit of $142K with expenses exceeding revenue, holds 10.1 months of operating reserves (strong position), has a debt-to-asset ratio of 98.4% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Nehi Inc's revenue has declined at a compound annual growth rate (CAGR) of -4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.4% | -7.7% | +18.7% |
| 2022 | +16.4% | +14.8% | +33.8% |
| 2021 | +81.2% | +19.1% | +91.2% |
| 2020 | -38.4% | -6.3% | -39.7% |
| 2019 | -14.6% | -33.0% | +5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2003 |
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 Nehi 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, Nehi 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $142K, with expenses exceeding revenue.
- Debt-to-asset ratio: 98.4%.
Executive Compensation Analysis
Nehi Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This suggests a strong commitment to directing resources towards its mission rather than executive salaries, especially for an organization with over $1.5 million in annual revenue.
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 Nehi Inc's IRS 990 filings:
- Recurring operational deficits (e.g., 2023, 2020, 2018, 2017, 2014) where expenses exceeded revenue.
- Significant decline in revenue from $2,062,268 in 2022 to $1,518,352 in 2023.
- High liabilities ($1,377,402) nearly matching assets ($1,400,086) in 2023, indicating limited financial cushion.
Strengths
The following positive indicators were identified for Nehi Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating efficient use of funds for executive salaries.
- Maintained a substantial asset base of over $1.4 million in 2023, despite financial fluctuations.
- Consistent IRS 990 filing history (12 filings), demonstrating regulatory compliance and transparency.
Frequently Asked Questions about Nehi Inc
Is Nehi Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nehi Inc (EIN: 10624865) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Nehi Inc spend its money?
Nehi Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nehi Inc tax-deductible?
Nehi Inc is registered as a tax-exempt nonprofit (EIN: 10624865). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Nehi Inc CEO make?
Nehi Inc's highest-compensated officer earns $1.5 annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Nehi Inc's spending goes to programs?
Nehi Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nehi Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Nehi Inc is above average for NTEE category E05 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nehi Inc located?
Nehi Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 10624865. It is classified under NTEE code E05.
How many years of IRS 990 filings does Nehi Inc have?
Nehi Inc has 12 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 $1.5M in total revenue.
Is Nehi Inc. financially stable?
Nehi Inc. shows signs of financial instability, particularly in recent years. In 2023, expenses ($1,660,111) exceeded revenue ($1,518,352), resulting in a deficit. This follows a significant revenue drop from $2,062,268 in 2022. While assets ($1,400,086) are substantial, liabilities ($1,377,402) are nearly equal, indicating a tight financial position.
How has Nehi Inc.'s revenue trended over time?
Nehi Inc.'s revenue has been highly volatile over the past decade. It peaked at $3,010,357 in 2015, experienced significant drops in 2020 ($977,558) and 2023 ($1,518,352), and has generally been on a downward trend since 2016, with the latest revenue being $1,518,352, a decrease from $2,062,268 in 2022.
Does Nehi Inc. pay its executives?
Based on the IRS 990 filings, Nehi Inc. consistently reports 0% officer compensation for all available periods, indicating that no compensation was paid to officers, directors, trustees, or key employees.
What is Nehi Inc.'s asset-to-liability ratio?
In 2023, Nehi Inc. had assets of $1,400,086 and liabilities of $1,377,402, resulting in an asset-to-liability ratio of approximately 1.01:1. This indicates that their assets barely cover their liabilities, suggesting a high degree of financial leverage or limited unrestricted net assets.
Filing History
IRS 990 filing history for Nehi Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Nehi Inc's revenue has declined by 42.9%, moving from $2.7M to $1.5M. Total assets increased by 28.8% over the same period, from $1.1M to $1.4M. Total functional expenses fell by 37.7%, from $2.7M to $1.7M. In its most recent filing year (2023), Nehi Inc reported a deficit of $142K, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $1.4M in assets (debt-to-asset ratio: 98.4%), resulting in net assets of $23K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.7M | $1.4M | $1.4M | — | — |
| 2022 | $2.1M | $1.8M | $1.2M | $979K | — | View 990 |
| 2021 | $1.8M | $1.6M | $882K | $945K | — | View 990 |
| 2020 | $978K | $1.3M | $461K | $730K | — | View 990 |
| 2019 | $1.6M | $1.4M | $764K | $696K | — | View 990 |
| 2018 | $1.9M | $2.1M | $726K | $843K | — | View 990 |
| 2017 | $1.9M | $2.4M | $712K | $593K | — | — |
| 2016 | $2.5M | $2.3M | $1.4M | $714K | — | View 990 |
| 2015 | $3.0M | $2.5M | $1.3M | $820K | — | View 990 |
| 2014 | $2.2M | $2.4M | $848K | $807K | — | View 990 |
| 2012 | $2.4M | $2.5M | $1.6M | $1.2M | — | View 990 |
| 2011 | $2.7M | $2.7M | $1.1M | $591K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.7M, and assets of $1.4M (revenue -26.4% year-over-year).
- 2022: Revenue of $2.1M, expenses of $1.8M, and assets of $1.2M (revenue +16.4% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.6M, and assets of $882K (revenue +81.2% year-over-year).
- 2020: Revenue of $978K, expenses of $1.3M, and assets of $461K (revenue -38.4% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.4M, and assets of $764K (revenue -14.6% year-over-year).
- 2018: Revenue of $1.9M, expenses of $2.1M, and assets of $726K (revenue -4.3% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.4M, and assets of $712K (revenue -21.5% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.3M, and assets of $1.4M (revenue -17.9% year-over-year).
- 2015: Revenue of $3.0M, expenses of $2.5M, and assets of $1.3M (revenue +38.6% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.4M, and assets of $848K (revenue -10.0% year-over-year).
- 2012: Revenue of $2.4M, expenses of $2.5M, and assets of $1.6M (revenue -9.2% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.7M, and assets of $1.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nehi Inc:
Data Sources and Methodology
This transparency report for Nehi 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.