Nereids Inc
Nereids Inc shows consistent revenue growth and strong financial solvency with no reported officer compensation.
EIN: 203161496 · Waveland, MS · NTEE: N52 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $443K |
| Total Expenses | $359K |
| Program Spending | 85% |
| Net Assets | $432K |
| Transparency Score | 92/100 |
Is Nereids Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nereids Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nereids Inc
Nereids Inc (EIN: 203161496) is a nonprofit organization based in Waveland, MS, classified under NTEE code N52. The organization reported total revenue of $443K and total assets of $429K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nereids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nereids Inc is a small nonprofit that has been operating for 20 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 5.8%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $409K |
| Total Expenses | $359K |
| Surplus / Deficit | +$50K |
| Total Assets | $432K |
| Net Assets | $432K |
| Operating Margin | 12.3% |
| Months of Reserves | 14.4 months |
Financial Health Grade: A
In 2024, Nereids Inc reported a surplus of $50K with revenue exceeding expenses, holds 14.4 months of operating reserves (strong position).
Financial Trends
Over 14 years of filings (2011–2024), Nereids Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +11.1% | -3.4% | +13.2% |
| 2023 | +19.7% | +39.3% | -0.8% |
| 2022 | +235.5% | +126.6% | +11.9% |
| 2021 | -63.1% | -49.4% | -8.5% |
| 2020 | +0.6% | -5.9% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Nereids Inc with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Nereids Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $50K, with revenue exceeding expenses.
Executive Compensation Analysis
Nereids Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This suggests a volunteer-led executive structure, which significantly reduces administrative overhead and maximizes funds available for programmatic activities.
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.
Strengths
The following positive indicators were identified for Nereids Inc:
- Consistent revenue growth, from $211,449 in 201506 to $409,178 in 202406.
- Strong financial solvency with $431,743 in assets and $0 liabilities in the latest filing.
- Zero officer compensation reported across all filings, indicating high transparency and dedication of funds to mission.
- Expenses generally well-managed relative to revenue, with $359,013 in expenses against $409,178 in revenue in 202406.
- Positive net assets growth over the reporting periods.
Frequently Asked Questions about Nereids Inc
Is Nereids Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nereids Inc (EIN: 203161496) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Nereids Inc spend its money?
Nereids Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nereids Inc tax-deductible?
Nereids Inc is registered as a tax-exempt nonprofit (EIN: 203161496). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nereids Inc's spending goes to programs?
Nereids Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nereids Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Nereids Inc is above average for NTEE category N52 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nereids Inc located?
Nereids Inc is headquartered in Waveland, Mississippi and files with the IRS under EIN 203161496. It is classified under NTEE code N52.
How many years of IRS 990 filings does Nereids Inc have?
Nereids 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 $443K in total revenue.
Is Nereids Inc a good charity?
Based on the provided financial data, Nereids Inc appears to be a good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable commitment to transparency by reporting zero officer compensation, ensuring funds are directed towards its mission.
How has Nereids Inc's revenue trended over time?
Nereids Inc has shown a positive revenue trend, growing from $211,449 in 201506 to $409,178 in 202406, with a notable increase in recent years, indicating growing support or operational capacity.
What is Nereids Inc's asset and liability situation?
Nereids Inc maintains a strong asset base, reaching $431,743 in 202406, and consistently reports zero liabilities in its recent filings, indicating excellent financial solvency and no outstanding debt.
Does Nereids Inc pay its officers?
No, Nereids Inc consistently reports 0% officer compensation across all available IRS 990 filings, indicating that its officers are not compensated through salaries.
Filing History
IRS 990 filing history for Nereids Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Nereids Inc's revenue has grown by 108.4%, moving from $196K to $409K. Total assets increased by 96.8% over the same period, from $219K to $432K. Total functional expenses rose by 69.4%, from $212K to $359K. In its most recent filing year (2024), Nereids Inc reported a surplus of $50K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $409K | $359K | $432K | $0 | — | — |
| 2023 | $368K | $372K | $381K | $0 | — | — |
| 2022 | $308K | $267K | $384K | $0 | — | View 990 |
| 2021 | $92K | $118K | $344K | $0 | — | — |
| 2020 | $249K | $233K | $376K | $0 | — | View 990 |
| 2019 | $247K | $248K | $360K | $0 | — | View 990 |
| 2018 | $269K | $273K | $377K | $7K | — | View 990 |
| 2017 | $278K | $242K | $385K | $13K | — | View 990 |
| 2016 | $248K | $211K | $354K | $19K | — | View 990 |
| 2015 | $211K | $235K | $316K | $24K | — | View 990 |
| 2014 | $230K | $237K | $206K | $29K | — | View 990 |
| 2013 | $232K | $230K | $232K | $48K | — | View 990 |
| 2012 | $273K | $244K | $245K | $62K | — | View 990 |
| 2011 | $196K | $212K | $219K | $66K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $409K, expenses of $359K, and assets of $432K (revenue +11.1% year-over-year).
- 2023: Revenue of $368K, expenses of $372K, and assets of $381K (revenue +19.7% year-over-year).
- 2022: Revenue of $308K, expenses of $267K, and assets of $384K (revenue +235.5% year-over-year).
- 2021: Revenue of $92K, expenses of $118K, and assets of $344K (revenue -63.1% year-over-year).
- 2020: Revenue of $249K, expenses of $233K, and assets of $376K (revenue +0.6% year-over-year).
- 2019: Revenue of $247K, expenses of $248K, and assets of $360K (revenue -8.0% year-over-year).
- 2018: Revenue of $269K, expenses of $273K, and assets of $377K (revenue -3.4% year-over-year).
- 2017: Revenue of $278K, expenses of $242K, and assets of $385K (revenue +12.3% year-over-year).
- 2016: Revenue of $248K, expenses of $211K, and assets of $354K (revenue +17.2% year-over-year).
- 2015: Revenue of $211K, expenses of $235K, and assets of $316K (revenue -8.0% year-over-year).
- 2014: Revenue of $230K, expenses of $237K, and assets of $206K (revenue -0.7% year-over-year).
- 2013: Revenue of $232K, expenses of $230K, and assets of $232K (revenue -15.1% year-over-year).
- 2012: Revenue of $273K, expenses of $244K, and assets of $245K (revenue +38.9% year-over-year).
- 2011: Revenue of $196K, expenses of $212K, and assets of $219K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nereids Inc:
Data Sources and Methodology
This transparency report for Nereids 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.