Neshoma Foundation
Neshoma Foundation shows volatile financial performance with recent significant increase in liabilities.
EIN: 203987941 · Brooklyn, NY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.0M |
| Total Expenses | $1.1M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $4,006,882 |
| Net Assets | $3.0M |
| Transparency Score | 60/100 |
Is Neshoma Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Neshoma Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Neshoma Foundation
Neshoma Foundation (EIN: 203987941) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code T20. The organization reported total revenue of $4.0M and total assets of $7.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Neshoma Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Neshoma Foundation is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $728K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-399,364 |
| Total Assets | $6.6M |
| Total Liabilities | $3.6M |
| Net Assets | $3.0M |
| Operating Margin | -54.9% |
| Debt-to-Asset Ratio | 54.9% |
| Months of Reserves | 69.8 months |
Financial Health Grade: C
In 2023, Neshoma Foundation reported a deficit of $399K with expenses exceeding revenue, holds 69.8 months of operating reserves (strong position), has a debt-to-asset ratio of 54.9% (high leverage).
Financial Trends
Over 10 years of filings (2011–2023), Neshoma Foundation's revenue has grown at a compound annual growth rate (CAGR) of 15.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -52.4% | +228.0% | +95.4% |
| 2022 | +522.1% | -40.2% | +54.7% |
| 2021 | +55.2% | +21.1% | -13.2% |
| 2020 | -32.0% | -8.7% | -11.2% |
| 2019 | -61.6% | +768.1% | -23.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Neshoma Foundation with a Mission Score of 60 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, Neshoma Foundation 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 $399K, with expenses exceeding revenue.
- Debt-to-asset ratio: 54.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all filings, which is unusual for an organization of its size with $4,006,882 in latest revenue and $7,811,430 in assets. This could indicate a volunteer-led structure or that executive compensation is not reported under this specific line item, potentially obscuring a full picture of administrative costs.
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 Neshoma Foundation's IRS 990 filings:
- Significant increase in liabilities from $1 to $3,597,531 in the most recent filing period (202311).
- Expenses ($1,127,010) significantly exceeded revenue ($727,646) in the 202311 period, indicating a deficit.
- Inconsistent financial performance with large fluctuations in revenue and expenses across filing periods.
- Consistent reporting of 0% officer compensation, which may obscure actual executive or leadership remuneration.
Strengths
The following positive indicators were identified for Neshoma Foundation:
- Overall growth in assets from $1,975,787 in 201111 to $7,811,430 currently.
- Periods of strong revenue generation, such as $1,528,969 in 202211.
Frequently Asked Questions about Neshoma Foundation
Is Neshoma Foundation a legitimate charity?
Neshoma Foundation (EIN: 203987941) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 60/100. It has 10 years of IRS 990 filings on record. Total revenue: $4.0M. 4 red flags identified. 2 strengths noted. Financial health grade: C.
How does Neshoma Foundation spend its money?
Neshoma Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Neshoma Foundation tax-deductible?
Neshoma Foundation is registered as a tax-exempt nonprofit (EIN: 203987941). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Neshoma Foundation CEO make?
Neshoma Foundation's highest-compensated officer earns $4,006,882 annually. The organization reported $4.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Neshoma Foundation's spending goes to programs?
Neshoma Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Neshoma Foundation compare to similar nonprofits?
With a transparency score of 60/100 (Good), Neshoma Foundation is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Neshoma Foundation located?
Neshoma Foundation is headquartered in Brooklyn, New York and files with the IRS under EIN 203987941. It is classified under NTEE code T20.
How many years of IRS 990 filings does Neshoma Foundation have?
Neshoma Foundation has 10 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 $4.0M in total revenue.
What caused the significant increase in liabilities from $1 in 202211 to $3,597,531 in 202311?
This dramatic increase in liabilities is a major financial concern and requires further investigation into the nature of these new obligations.
How does Neshoma Foundation manage its expenses during periods of revenue decline, such as in 202311 where expenses exceeded revenue by nearly $400,000?
The organization's ability to sustain operations during significant deficits is unclear and could indicate reliance on reserves or other funding sources not immediately apparent.
What is the actual breakdown of program, administrative, and fundraising expenses, given the lack of detailed information in the provided summary?
Without a detailed functional expense statement, it's difficult to accurately assess the efficiency of spending and the proportion dedicated to direct program services.
Are there any compensated employees or contractors in leadership roles, despite the 0% officer compensation reported?
The consistent 0% officer compensation suggests either a fully volunteer board or that compensation is reported under other expense categories, which could affect transparency.
Filing History
IRS 990 filing history for Neshoma Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Neshoma Foundation's revenue has grown by 436.5%, moving from $136K to $728K. Total assets increased by 231.6% over the same period, from $2.0M to $6.6M. Total functional expenses rose by 322.5%, from $267K to $1.1M. In its most recent filing year (2023), Neshoma Foundation reported a deficit of $399K, with expenses exceeding revenue. The organization holds $3.6M in liabilities against $6.6M in assets (debt-to-asset ratio: 54.9%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $728K | $1.1M | $6.6M | $3.6M | — | — |
| 2022 | $1.5M | $344K | $3.4M | $1 | — | — |
| 2021 | $246K | $575K | $2.2M | $1 | — | View 990 |
| 2020 | $158K | $475K | $2.5M | $1 | — | — |
| 2019 | $233K | $520K | $2.8M | $0 | — | View 990 |
| 2015 | $607K | $60K | $3.7M | $0 | — | View 990 |
| 2014 | $596K | $116K | $3.1M | $0 | — | View 990 |
| 2013 | $639K | $186K | $2.6M | $0 | — | View 990 |
| 2012 | $284K | $73K | $2.2M | $0 | — | View 990 |
| 2011 | $136K | $267K | $2.0M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $728K, expenses of $1.1M, and assets of $6.6M (revenue -52.4% year-over-year).
- 2022: Revenue of $1.5M, expenses of $344K, and assets of $3.4M (revenue +522.1% year-over-year).
- 2021: Revenue of $246K, expenses of $575K, and assets of $2.2M (revenue +55.2% year-over-year).
- 2020: Revenue of $158K, expenses of $475K, and assets of $2.5M (revenue -32.0% year-over-year).
- 2019: Revenue of $233K, expenses of $520K, and assets of $2.8M (revenue -61.6% year-over-year).
- 2015: Revenue of $607K, expenses of $60K, and assets of $3.7M (revenue +1.8% year-over-year).
- 2014: Revenue of $596K, expenses of $116K, and assets of $3.1M (revenue -6.8% year-over-year).
- 2013: Revenue of $639K, expenses of $186K, and assets of $2.6M (revenue +124.8% year-over-year).
- 2012: Revenue of $284K, expenses of $73K, and assets of $2.2M (revenue +109.7% year-over-year).
- 2011: Revenue of $136K, expenses of $267K, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Neshoma Foundation:
Data Sources and Methodology
This transparency report for Neshoma 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.