Nest Inc
Nest Inc. shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 205450672 · New York, NY · NTEE: Q32 · Updated: 2026-03-28
Is Nest Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nest Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nest Inc
Nest Inc (EIN: 205450672) is a nonprofit organization based in New York, NY, classified under NTEE code Q32. The organization reported total revenue of $4.2M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nest Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Nest Inc with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Nest Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Nest Inc. consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $5 million in annual revenue. This suggests either a fully volunteer executive leadership or that executive compensation is categorized differently within the financial statements, requiring further scrutiny for complete understanding.
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 Nest Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation across all filings, which may obscure actual executive remuneration if reported elsewhere.
Strengths
The following positive indicators were identified for Nest Inc:
- Consistent and significant revenue growth, from $2,076,156 in 2014 to $5,653,162 in 2023.
- Strong asset accumulation, with assets growing from $1,982,238 in 2014 to $6,187,879 in 2023.
- Healthy financial position with assets significantly exceeding liabilities ($6,187,879 assets vs. $1,079,847 liabilities in 2023).
- Expenses generally tracking below revenue, indicating sound financial management and ability to build reserves.
Frequently Asked Questions about Nest Inc
Is Nest Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nest Inc (EIN: 205450672) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Nest Inc spend its money?
Nest Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nest Inc tax-deductible?
Nest Inc is registered as a tax-exempt nonprofit (EIN: 205450672). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Nest Inc. a good charity?
Based on the available financial data, Nest Inc. appears to be a financially healthy and growing organization with strong asset accumulation and consistent revenue growth. The absence of reported officer compensation is a notable positive for directing funds to the mission, though it warrants further investigation for full transparency.
How has Nest Inc.'s financial health changed over time?
Nest Inc. has demonstrated significant financial growth, with revenue increasing from $2,076,156 in 2014 to $5,653,162 in 2023. Assets have also grown substantially, from $1,982,238 in 2014 to $6,187,879 in 2023, indicating a strong and improving financial position.
What is the significance of 0% officer compensation?
Reporting 0% officer compensation across all filings is highly unusual for an organization of Nest Inc.'s size. It could indicate a volunteer-led executive team, which is very efficient, or that compensation is reported under other expense categories, which would require a deeper dive into their full IRS Form 990 for clarity on executive remuneration.
Filing History
IRS 990 filing history for Nest Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nest Inc's revenue has grown by 1008.7%, moving from $510K to $5.7M. Total assets increased by 1416.2% over the same period, from $408K to $6.2M. Total functional expenses rose by 1252.1%, from $400K to $5.4M. In its most recent filing year (2023), Nest Inc reported a surplus of $243K, with revenue exceeding expenses. The organization holds $1.1M in liabilities against $6.2M in assets (debt-to-asset ratio: 17.5%), resulting in net assets of $5.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.7M | $5.4M | $6.2M | $1.1M | — | View 990 |
| 2022 | $5.5M | $5.2M | $6.2M | $1.3M | — | View 990 |
| 2021 | $4.8M | $3.9M | $5.3M | $680K | — | View 990 |
| 2020 | $4.7M | $3.9M | $4.7M | $604K | — | — |
| 2019 | $3.1M | $2.9M | $3.6M | $290K | — | View 990 |
| 2018 | $3.4M | $2.3M | $3.3M | $256K | — | View 990 |
| 2017 | $1.6M | $1.7M | $2.0M | $112K | — | View 990 |
| 2016 | $2.0M | $1.5M | $2.1M | $49K | — | View 990 |
| 2015 | $1.6M | $1.5M | $1.6M | $45K | — | View 990 |
| 2014 | $2.1M | $1.6M | $2.0M | $539K | — | View 990 |
| 2013 | $1.7M | $1.2M | $957K | $13K | — | View 990 |
| 2012 | $741K | $781K | $1.4M | $929K | — | View 990 |
| 2011 | $510K | $400K | $408K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.7M, expenses of $5.4M, and assets of $6.2M (revenue +3.5% year-over-year).
- 2022: Revenue of $5.5M, expenses of $5.2M, and assets of $6.2M (revenue +13.6% year-over-year).
- 2021: Revenue of $4.8M, expenses of $3.9M, and assets of $5.3M (revenue +3.1% year-over-year).
- 2020: Revenue of $4.7M, expenses of $3.9M, and assets of $4.7M (revenue +52.0% year-over-year).
- 2019: Revenue of $3.1M, expenses of $2.9M, and assets of $3.6M (revenue -10.8% year-over-year).
- 2018: Revenue of $3.4M, expenses of $2.3M, and assets of $3.3M (revenue +113.2% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.7M, and assets of $2.0M (revenue -19.8% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.5M, and assets of $2.1M (revenue +27.1% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.5M, and assets of $1.6M (revenue -23.7% year-over-year).
- 2014: Revenue of $2.1M, expenses of $1.6M, and assets of $2.0M (revenue +24.7% year-over-year).
- 2013: Revenue of $1.7M, expenses of $1.2M, and assets of $957K (revenue +124.6% year-over-year).
- 2012: Revenue of $741K, expenses of $781K, and assets of $1.4M (revenue +45.3% year-over-year).
- 2011: Revenue of $510K, expenses of $400K, and assets of $408K.
Data Sources and Methodology
This transparency report for Nest 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.