Nonami Foundation Inc
Nonami Foundation consistently operates at a deficit, relying on substantial assets to fund operations.
EIN: 208083384 · Atlanta, GA · NTEE: T22 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $265K |
| Total Expenses | $209K |
| Program Spending | 80% |
| Net Assets | $6.8M |
| Transparency Score | 75/100 |
Is Nonami Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Nonami Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Nonami Foundation Inc
Nonami Foundation Inc (EIN: 208083384) is a nonprofit organization based in Atlanta, GA, classified under NTEE code T22. The organization reported total revenue of $265K and total assets of $6.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nonami Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nonami Foundation Inc is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $123K |
| Total Expenses | $209K |
| Surplus / Deficit | $-85,209 |
| Total Assets | $6.8M |
| Total Liabilities | $1 |
| Net Assets | $6.8M |
| Operating Margin | -69.0% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 388.8 months |
Financial Health Grade: B
In 2023, Nonami Foundation Inc reported a deficit of $85K with expenses exceeding revenue, holds 388.8 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Nonami Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.8% | +35.6% | +9.7% |
| 2022 | -71.2% | -49.2% | -13.9% |
| 2021 | +683.3% | +26.5% | -5.9% |
| 2020 | -91.9% | +133.3% | +21.5% |
| 2019 | +584.2% | -66.8% | +2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 Nonami Foundation 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Nonami Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $85K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are not compensated, which is a strong positive for minimizing administrative overhead.
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 Nonami Foundation Inc's IRS 990 filings:
- Consistent operational deficits (expenses exceeding revenue in 8 out of 10 periods)
- Reliance on asset drawdowns to cover annual expenses
Strengths
The following positive indicators were identified for Nonami Foundation Inc:
- Substantial asset base ($6,901,080 latest) providing financial stability
- Zero officer compensation reported across all filings
- Low liabilities in recent years (e.g., $1 in 2023)
- Consistent IRS 990 filing history demonstrating transparency
Frequently Asked Questions about Nonami Foundation Inc
Is Nonami Foundation Inc a legitimate charity?
Nonami Foundation Inc (EIN: 208083384) is a registered tax-exempt nonprofit based in Georgia. Our AI analysis gives it a Mission Score of 75/100. It has 10 years of IRS 990 filings on record. Total revenue: $265K. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Nonami Foundation Inc spend its money?
Nonami Foundation Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Nonami Foundation Inc tax-deductible?
Nonami Foundation Inc is registered as a tax-exempt nonprofit (EIN: 208083384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Nonami Foundation Inc's spending goes to programs?
Nonami Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Nonami Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Nonami Foundation Inc is above average for NTEE category T22 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nonami Foundation Inc located?
Nonami Foundation Inc is headquartered in Atlanta, Georgia and files with the IRS under EIN 208083384. It is classified under NTEE code T22.
How many years of IRS 990 filings does Nonami Foundation Inc have?
Nonami Foundation Inc 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 $265K in total revenue.
How does Nonami Foundation Inc. sustain its operations with consistent revenue deficits?
The foundation sustains its operations by drawing from its substantial asset base, which was $6,901,080 in the latest period, as its expenses frequently exceed its annual revenue.
What is the primary source of the Nonami Foundation Inc.'s significant assets?
The provided data does not specify the primary source of assets, but the consistent high asset value suggests a significant endowment or investment portfolio built over time.
What are the specific program activities funded by Nonami Foundation Inc.?
The NTEE code T22 indicates the organization is involved in 'Foundations, Grantmaking & Giving Services', but specific program activities are not detailed in the provided financial summary.
What is the long-term strategy for financial sustainability given the recurring operational deficits?
The financial data suggests a strategy of utilizing asset returns or principal to fund operations. A detailed financial report would be needed to understand the long-term sustainability plan for managing these deficits relative to asset growth.
Filing History
IRS 990 filing history for Nonami Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Nonami Foundation Inc's revenue has grown by 56.1%, moving from $79K to $123K. Total assets increased by 15.2% over the same period, from $5.9M to $6.8M. Total functional expenses fell by 28.5%, from $292K to $209K. In its most recent filing year (2023), Nonami Foundation Inc reported a deficit of $85K, with expenses exceeding revenue. The organization holds $1 in liabilities against $6.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $123K | $209K | $6.8M | $1 | — | View 990 |
| 2022 | $105K | $154K | $6.2M | $3K | — | View 990 |
| 2021 | $364K | $303K | $7.2M | $1 | — | View 990 |
| 2020 | $47K | $240K | $7.6M | $629K | — | View 990 |
| 2019 | $574K | $103K | $6.3M | $1.0M | — | View 990 |
| 2015 | $84K | $309K | $6.1M | $347K | — | View 990 |
| 2014 | $391K | $465K | $6.8M | $518K | — | View 990 |
| 2013 | $616K | $427K | $6.7M | $447K | — | View 990 |
| 2012 | $132K | $398K | $6.2M | $354K | — | View 990 |
| 2011 | $79K | $292K | $5.9M | $306K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $123K, expenses of $209K, and assets of $6.8M (revenue +17.8% year-over-year).
- 2022: Revenue of $105K, expenses of $154K, and assets of $6.2M (revenue -71.2% year-over-year).
- 2021: Revenue of $364K, expenses of $303K, and assets of $7.2M (revenue +683.3% year-over-year).
- 2020: Revenue of $47K, expenses of $240K, and assets of $7.6M (revenue -91.9% year-over-year).
- 2019: Revenue of $574K, expenses of $103K, and assets of $6.3M (revenue +584.2% year-over-year).
- 2015: Revenue of $84K, expenses of $309K, and assets of $6.1M (revenue -78.6% year-over-year).
- 2014: Revenue of $391K, expenses of $465K, and assets of $6.8M (revenue -36.5% year-over-year).
- 2013: Revenue of $616K, expenses of $427K, and assets of $6.7M (revenue +366.5% year-over-year).
- 2012: Revenue of $132K, expenses of $398K, and assets of $6.2M (revenue +67.0% year-over-year).
- 2011: Revenue of $79K, expenses of $292K, and assets of $5.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nonami Foundation Inc:
Data Sources and Methodology
This transparency report for Nonami Foundation 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.