Neshama Center
Neshama Center faces recent financial deficit despite historical stability and no executive compensation.
EIN: 141964306 · Aspen, CO · NTEE: X20 · Updated: 2026-03-28
Is Neshama Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Neshama Center directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Neshama Center
Neshama Center (EIN: 141964306) is a nonprofit organization based in Aspen, CO, classified under NTEE code X20. The organization reported total revenue of $206K and total assets of $69K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Neshama Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Neshama Center is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -4.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $130K |
| Total Expenses | $239K |
| Surplus / Deficit | $-109,179 |
| Total Assets | $145K |
| Net Assets | $145K |
| Operating Margin | -84.3% |
| Months of Reserves | 7.3 months |
Financial Health Grade: B
In 2023, Neshama Center reported a deficit of $109K with expenses exceeding revenue, holds 7.3 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Neshama Center's revenue has declined at a compound annual growth rate (CAGR) of -4.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.5% | +41.4% | -39.6% |
| 2022 | +16.5% | -2.8% | +21.8% |
| 2021 | +19.9% | +16.1% | -10.0% |
| 2020 | -8.0% | -11.3% | +12.7% |
| 2019 | -4.6% | -24.4% | -0.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2700 |
| IRS Ruling Date | 2007 |
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 Neshama Center with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Neshama Center 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $109K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no officer salaries are paid, which is highly favorable for a nonprofit of this size.
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 Neshama Center's IRS 990 filings:
- Significant operating deficit in the most recent filing (202312), with expenses ($238,698) far exceeding revenue ($129,519).
- Substantial decline in assets from $239,120 in 2022 to $144,525 in 2023.
Strengths
The following positive indicators were identified for Neshama Center:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission-related activities.
- Historically stable revenue streams over the past decade, generally ranging from $150,000 to $210,000.
- Generally low liabilities, often reporting $0, demonstrating good debt management.
- Consistent filing of IRS Form 990s, providing good financial transparency.
Frequently Asked Questions about Neshama Center
Is Neshama Center a legitimate charity?
Based on AI analysis of IRS 990 filings, Neshama Center (EIN: 141964306) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Neshama Center spend its money?
Neshama Center directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Neshama Center tax-deductible?
Neshama Center is registered as a tax-exempt nonprofit (EIN: 141964306). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Neshama Center experiencing a temporary financial setback or a long-term trend?
The significant deficit in the 202312 period, where expenses ($238,698) nearly doubled revenue ($129,519), suggests a potential setback. While previous years showed more balanced finances, this recent dip warrants closer monitoring to determine if it's an anomaly or the start of a trend.
How does Neshama Center manage its liabilities?
Neshama Center generally maintains very low liabilities, often reporting $0 or minimal amounts. The highest reported liability was $29,154 in 202012, which was still a small fraction of its assets at the time. This indicates sound financial management regarding debt.
What caused the sharp decline in assets from 2022 to 2023?
Assets decreased from $239,120 in 202212 to $144,525 in 202312. This $94,595 reduction is directly attributable to the substantial operating deficit experienced in the 202312 period, where expenses significantly outstripped revenue.
Filing History
IRS 990 filing history for Neshama Center showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Neshama Center's revenue has declined by 45.1%, moving from $236K to $130K. Total assets decreased by 24.6% over the same period, from $192K to $145K. Total functional expenses rose by 46.4%, from $163K to $239K. In its most recent filing year (2023), Neshama Center reported a deficit of $109K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $130K | $239K | $145K | $0 | — | — |
| 2022 | $211K | $169K | $239K | $2K | — | — |
| 2021 | $181K | $174K | $196K | $1K | — | View 990 |
| 2020 | $151K | $150K | $218K | $29K | — | — |
| 2019 | $164K | $169K | $193K | $6K | — | View 990 |
| 2018 | $172K | $223K | $195K | $2K | — | View 990 |
| 2017 | $195K | $185K | $245K | $608 | — | View 990 |
| 2016 | $188K | $185K | $235K | $902 | — | View 990 |
| 2015 | $177K | $173K | $235K | $0 | — | View 990 |
| 2014 | $182K | $190K | $233K | $2K | — | View 990 |
| 2013 | $217K | $179K | $240K | $0 | — | View 990 |
| 2012 | $177K | $158K | $211K | $0 | — | View 990 |
| 2011 | $236K | $163K | $192K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $130K, expenses of $239K, and assets of $145K (revenue -38.5% year-over-year).
- 2022: Revenue of $211K, expenses of $169K, and assets of $239K (revenue +16.5% year-over-year).
- 2021: Revenue of $181K, expenses of $174K, and assets of $196K (revenue +19.9% year-over-year).
- 2020: Revenue of $151K, expenses of $150K, and assets of $218K (revenue -8.0% year-over-year).
- 2019: Revenue of $164K, expenses of $169K, and assets of $193K (revenue -4.6% year-over-year).
- 2018: Revenue of $172K, expenses of $223K, and assets of $195K (revenue -11.9% year-over-year).
- 2017: Revenue of $195K, expenses of $185K, and assets of $245K (revenue +3.4% year-over-year).
- 2016: Revenue of $188K, expenses of $185K, and assets of $235K (revenue +6.5% year-over-year).
- 2015: Revenue of $177K, expenses of $173K, and assets of $235K (revenue -2.6% year-over-year).
- 2014: Revenue of $182K, expenses of $190K, and assets of $233K (revenue -16.4% year-over-year).
- 2013: Revenue of $217K, expenses of $179K, and assets of $240K (revenue +22.7% year-over-year).
- 2012: Revenue of $177K, expenses of $158K, and assets of $211K (revenue -24.9% year-over-year).
- 2011: Revenue of $236K, expenses of $163K, and assets of $192K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Neshama Center:
Data Sources and Methodology
This transparency report for Neshama Center 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.