Nippon Club Inc
Nippon Club Inc. consistently operates at a deficit with high liabilities and declining assets.
EIN: 131840276 · New York, NY · NTEE: N50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.2M |
| Total Expenses | $3.0M |
| Program Spending | 70% |
| Net Assets | $-4,338,969 |
| Transparency Score | 45/100 |
Is Nippon Club Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nippon Club Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Nippon Club Inc
Nippon Club Inc (EIN: 131840276) is a nonprofit organization based in New York, NY, classified under NTEE code N50. The organization reported total revenue of $11.2M and total assets of $15.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nippon Club Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nippon Club Inc is a large nonprofit that has been operating for 69 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-231,127 |
| Total Assets | $4.7M |
| Total Liabilities | $9.0M |
| Net Assets | $-4,338,969 |
| Operating Margin | -8.2% |
| Debt-to-Asset Ratio | 192.4% |
| Months of Reserves | 18.5 months |
Financial Health Grade: C
In 2023, Nippon Club Inc reported a deficit of $231K with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 192.4% (high leverage).
Financial Trends
Over 12 years of filings (2012–2023), Nippon Club Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16.4% | +6.3% | -11.1% |
| 2022 | +8.9% | +4.3% | -12.4% |
| 2021 | -35.8% | -23.8% | -2.6% |
| 2020 | -0.1% | -0.3% | -0.8% |
| 2019 | +2.4% | +7.0% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1957 |
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 Nippon Club Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Nippon Club Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $231K, with expenses exceeding revenue.
- Debt-to-asset ratio: 192.4%.
Executive Compensation Analysis
Officer compensation is reported as 0% across all available filings, suggesting either a fully volunteer executive leadership or that compensation is categorized differently, which could affect transparency regarding leadership costs relative to the organization's size and financial challenges.
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 Nippon Club Inc's IRS 990 filings:
- Consistent operational deficits (e.g., $231,127 in 2023, $446,065 in 2022)
- Liabilities significantly exceed assets (e.g., $9,034,285 liabilities vs. $4,695,316 assets in 2023)
- Declining asset base over recent years (from $6.4M in 2018 to $4.7M in 2023)
- Negative net asset position across multiple years
Strengths
The following positive indicators were identified for Nippon Club Inc:
- No reported officer compensation, potentially indicating efficient executive leadership costs
- Consistent revenue generation above $2 million annually, demonstrating ongoing activity
Frequently Asked Questions about Nippon Club Inc
Is Nippon Club Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nippon Club Inc (EIN: 131840276) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Nippon Club Inc spend its money?
Nippon Club Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Nippon Club Inc tax-deductible?
Nippon Club Inc is registered as a tax-exempt nonprofit (EIN: 131840276). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nippon Club Inc's spending goes to programs?
Nippon Club Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Nippon Club Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Nippon Club Inc is near average for NTEE category N50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nippon Club Inc located?
Nippon Club Inc is headquartered in New York, New York and files with the IRS under EIN 131840276. It is classified under NTEE code N50.
How many years of IRS 990 filings does Nippon Club Inc have?
Nippon Club Inc has 12 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 $11.2M in total revenue.
Is Nippon Club Inc. financially sustainable?
Based on the consistent operational deficits (e.g., $231,127 deficit in 2023) and liabilities significantly exceeding assets (e.g., $9,034,285 liabilities vs. $4,695,316 assets in 2023), the organization's long-term financial sustainability appears challenged.
Why are liabilities so high compared to assets?
The organization consistently reports liabilities that are nearly double its assets (e.g., $9,034,285 liabilities vs. $4,695,316 assets in 2023), indicating a significant negative net asset position. This could be due to long-term debt, lease obligations, or other financial commitments.
What is the impact of 0% officer compensation?
While 0% officer compensation could indicate a highly efficient, volunteer-led executive team, it also raises questions about how leadership is compensated or if these costs are embedded in other expense categories, potentially obscuring a full picture of administrative overhead.
How does the organization cover its operational deficits?
With consistent deficits, such as the $231,127 deficit in 2023 and $446,065 in 2022, the organization likely covers these shortfalls by drawing down existing assets, utilizing reserves, or through other non-operating income sources not detailed in the provided summary.
Filing History
IRS 990 filing history for Nippon Club Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Nippon Club Inc's revenue has declined by 2.9%, moving from $2.9M to $2.8M. Total assets decreased by 9.9% over the same period, from $5.2M to $4.7M. Total functional expenses fell by 3.5%, from $3.2M to $3.0M. In its most recent filing year (2023), Nippon Club Inc reported a deficit of $231K, with expenses exceeding revenue. The organization holds $9.0M in liabilities against $4.7M in assets (debt-to-asset ratio: 192.4%), resulting in net assets of $-4,338,969.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $3.0M | $4.7M | $9.0M | — | View 990 |
| 2022 | $2.4M | $2.9M | $5.3M | $9.3M | — | View 990 |
| 2021 | $2.2M | $2.7M | $6.0M | $9.3M | — | View 990 |
| 2020 | $3.5M | $3.6M | $6.2M | $8.9M | — | View 990 |
| 2019 | $3.5M | $3.6M | $6.2M | $8.8M | — | View 990 |
| 2018 | $3.4M | $3.4M | $6.4M | $8.7M | — | View 990 |
| 2017 | $3.3M | $3.5M | $6.5M | $8.8M | — | View 990 |
| 2016 | $3.3M | $3.3M | $6.5M | $8.6M | — | View 990 |
| 2015 | $6.1M | $3.5M | $6.5M | $8.7M | — | View 990 |
| 2014 | $3.1M | $3.5M | $5.2M | $9.9M | — | View 990 |
| 2013 | $2.8M | $3.3M | $5.2M | $9.6M | — | View 990 |
| 2012 | $2.9M | $3.2M | $5.2M | $9.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $3.0M, and assets of $4.7M (revenue +16.4% year-over-year).
- 2022: Revenue of $2.4M, expenses of $2.9M, and assets of $5.3M (revenue +8.9% year-over-year).
- 2021: Revenue of $2.2M, expenses of $2.7M, and assets of $6.0M (revenue -35.8% year-over-year).
- 2020: Revenue of $3.5M, expenses of $3.6M, and assets of $6.2M (revenue -0.1% year-over-year).
- 2019: Revenue of $3.5M, expenses of $3.6M, and assets of $6.2M (revenue +2.4% year-over-year).
- 2018: Revenue of $3.4M, expenses of $3.4M, and assets of $6.4M (revenue +2.8% year-over-year).
- 2017: Revenue of $3.3M, expenses of $3.5M, and assets of $6.5M (revenue -1.9% year-over-year).
- 2016: Revenue of $3.3M, expenses of $3.3M, and assets of $6.5M (revenue -45.1% year-over-year).
- 2015: Revenue of $6.1M, expenses of $3.5M, and assets of $6.5M (revenue +96.5% year-over-year).
- 2014: Revenue of $3.1M, expenses of $3.5M, and assets of $5.2M (revenue +9.7% year-over-year).
- 2013: Revenue of $2.8M, expenses of $3.3M, and assets of $5.2M (revenue -2.3% year-over-year).
- 2012: Revenue of $2.9M, expenses of $3.2M, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nippon Club Inc:
Data Sources and Methodology
This transparency report for Nippon Club 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.