New England Anime Society Inc
New England Anime Society experiences significant revenue volatility and recent net losses despite zero executive compensation.
EIN: 100003511 · Somerville, MA · NTEE: T70 · Updated: 2026-03-27
Is New England Anime Society Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New England Anime Society Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New England Anime Society Inc
New England Anime Society Inc (EIN: 100003511) is a nonprofit organization based in Somerville, MA, classified under NTEE code T70. The organization reported total revenue of $2.4M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New England Anime Society 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 New England Anime Society Inc 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, New England Anime Society 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.
Executive Compensation Analysis
The New England Anime Society consistently reports 0% officer compensation across all available filings, indicating that its leadership is entirely volunteer-based, which is highly commendable for resource allocation.
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 New England Anime Society Inc's IRS 990 filings:
- Significant year-over-year revenue volatility (e.g., $1.8M in 2019 to $353 in 2020, then $2.6M in 2023).
- Expenses ($2,857,901) exceeding revenue ($2,626,493) in the most recent 2023 filing, leading to a net loss.
- Decrease in assets from $946,004 in 2022 to $726,266 in 2023, indicating a potential draw on reserves.
Strengths
The following positive indicators were identified for New England Anime Society Inc:
- Consistent 0% officer compensation, indicating a strong commitment to directing funds to the mission.
- Demonstrated ability to recover from significant financial downturns, as seen in the post-2020 revenue rebound.
- Maintains substantial assets relative to its annual operating budget in most years, providing some financial cushion.
Frequently Asked Questions about New England Anime Society Inc
Is New England Anime Society Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New England Anime Society Inc (EIN: 100003511) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does New England Anime Society Inc spend its money?
New England Anime Society Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New England Anime Society Inc tax-deductible?
New England Anime Society Inc is registered as a tax-exempt nonprofit (EIN: 100003511). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the drastic revenue drop in 2020 and subsequent rebound?
The significant revenue drop in 2020 (to $353) and the subsequent rebound in 2021-2023 likely reflect the impact of the COVID-19 pandemic on in-person events, which are central to an anime society's operations, followed by a return to normal activities.
How does the organization manage its liabilities, especially with fluctuating assets?
Liabilities have varied, from $3,195 in 2022 to $322,000 in 2023. While assets generally exceed liabilities, the recent increase in liabilities in 2023 alongside a decrease in assets warrants attention to ensure financial stability.
What is the specific breakdown of program, administrative, and fundraising expenses?
Without detailed expense breakdowns from the 990 forms, it's difficult to provide exact percentages. However, given the nature of an anime society, a significant portion of expenses would typically be program-related (e.g., event costs, guest fees, venue rentals).
Filing History
IRS 990 filing history for New England Anime Society Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New England Anime Society Inc's revenue has grown by 181.8%, moving from $932K to $2.6M. Total assets increased by 116% over the same period, from $336K to $726K. Total functional expenses rose by 225.1%, from $879K to $2.9M. In its most recent filing year (2023), New England Anime Society Inc reported a deficit of $231K, with expenses exceeding revenue. The organization holds $322 in liabilities against $726K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $726K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.9M | $726K | $322 | — | — |
| 2022 | $2.3M | $2.0M | $946K | $3K | — | View 990 |
| 2021 | $84K | $98K | $1.1M | $463K | — | View 990 |
| 2020 | $353 | $248K | $1.1M | $483K | — | View 990 |
| 2019 | $1.9M | $1.7M | $1.1M | $216K | — | View 990 |
| 2018 | $1.7M | $1.8M | $966K | $236K | — | View 990 |
| 2017 | $1.6M | $1.7M | $987K | $235K | — | View 990 |
| 2016 | $1.6M | $1.6M | $1.1M | $251K | — | View 990 |
| 2015 | $1.5M | $1.3M | $903K | $109K | — | View 990 |
| 2014 | $1.4M | $1.2M | $763K | $186K | — | View 990 |
| 2013 | $1.1M | $1.1M | $539K | $141K | — | View 990 |
| 2012 | $991K | $942K | $429K | $93K | — | View 990 |
| 2011 | $932K | $879K | $336K | $50K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.9M, and assets of $726K (revenue +15.0% year-over-year).
- 2022: Revenue of $2.3M, expenses of $2.0M, and assets of $946K (revenue +2614.6% year-over-year).
- 2021: Revenue of $84K, expenses of $98K, and assets of $1.1M (revenue +23733.7% year-over-year).
- 2020: Revenue of $353, expenses of $248K, and assets of $1.1M (revenue -100.0% year-over-year).
- 2019: Revenue of $1.9M, expenses of $1.7M, and assets of $1.1M (revenue +7.4% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.8M, and assets of $966K (revenue +9.5% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.7M, and assets of $987K (revenue +0.2% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.6M, and assets of $1.1M (revenue +4.2% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.3M, and assets of $903K (revenue +7.5% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.2M, and assets of $763K (revenue +24.5% year-over-year).
- 2013: Revenue of $1.1M, expenses of $1.1M, and assets of $539K (revenue +15.2% year-over-year).
- 2012: Revenue of $991K, expenses of $942K, and assets of $429K (revenue +6.4% year-over-year).
- 2011: Revenue of $932K, expenses of $879K, and assets of $336K.
Data Sources and Methodology
This transparency report for New England Anime Society 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.