North American Conference On Ethiopian Jewry Inc
North American Conference On Ethiopian Jewry Inc faces recurring deficits and declining assets despite zero executive compensation.
EIN: 133187021 · New York, NY · NTEE: X30Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.5M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $5.2M |
| Transparency Score | 70/100 |
Is North American Conference On Ethiopian Jewry Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
North American Conference On Ethiopian Jewry Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About North American Conference On Ethiopian Jewry Inc
North American Conference On Ethiopian Jewry Inc (EIN: 133187021) is a nonprofit organization based in New York, NY, classified under NTEE code X30Z. The organization reported total revenue of $3.0M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North American Conference On Ethiopian Jewry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North American Conference On Ethiopian Jewry Inc is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $2.5M |
| Surplus / Deficit | $-875,302 |
| Total Assets | $5.6M |
| Total Liabilities | $381K |
| Net Assets | $5.2M |
| Operating Margin | -54.1% |
| Debt-to-Asset Ratio | 6.9% |
| Months of Reserves | 26.8 months |
Financial Health Grade: B
In 2023, North American Conference On Ethiopian Jewry Inc reported a deficit of $875K with expenses exceeding revenue, holds 26.8 months of operating reserves (strong position), has a debt-to-asset ratio of 6.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), North American Conference On Ethiopian Jewry Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.9% | -9.6% | -11.7% |
| 2022 | -38.0% | -6.8% | -26.2% |
| 2021 | +13.2% | +30.1% | +1.2% |
| 2020 | -63.9% | +0.8% | +8.3% |
| 2019 | +79.5% | -0.3% | +132.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 North American Conference On Ethiopian Jewry Inc with a Mission Score of 70 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, North American Conference On Ethiopian Jewry 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 $875K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.9%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers. This is a strong positive for transparency and suggests a high dedication of resources directly to the mission rather than executive salaries, especially for an organization with annual expenses often exceeding $2 million.
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 North American Conference On Ethiopian Jewry Inc's IRS 990 filings:
- Recurring operational deficits (e.g., 202312, 202212, 202112, 201712, 201612, 201512, 201412)
- Significant decline in total assets over recent years (from $8,538,033 in 202112 to $5,557,447 in 202312)
- Revenue volatility, with a notable drop from $6,785,422 in 201912 to $1,616,820 in 202312
Strengths
The following positive indicators were identified for North American Conference On Ethiopian Jewry Inc:
- Consistent reporting of 0% officer compensation, indicating strong executive compensation transparency and mission focus
- Long history of IRS 990 filings (13 periods), demonstrating commitment to regulatory compliance
- Substantial asset base ($5,557,447 in 202312) provides a buffer despite recent declines
Frequently Asked Questions about North American Conference On Ethiopian Jewry Inc
Is North American Conference On Ethiopian Jewry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, North American Conference On Ethiopian Jewry Inc (EIN: 133187021) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does North American Conference On Ethiopian Jewry Inc spend its money?
North American Conference On Ethiopian Jewry Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to North American Conference On Ethiopian Jewry Inc tax-deductible?
North American Conference On Ethiopian Jewry Inc is registered as a tax-exempt nonprofit (EIN: 133187021). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the North American Conference On Ethiopian Jewry Inc CEO make?
North American Conference On Ethiopian Jewry Inc's highest-compensated officer earns $2 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of North American Conference On Ethiopian Jewry Inc's spending goes to programs?
North American Conference On Ethiopian Jewry Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does North American Conference On Ethiopian Jewry Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), North American Conference On Ethiopian Jewry Inc is above average for NTEE category X30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is North American Conference On Ethiopian Jewry Inc located?
North American Conference On Ethiopian Jewry Inc is headquartered in New York, New York and files with the IRS under EIN 133187021. It is classified under NTEE code X30Z.
How many years of IRS 990 filings does North American Conference On Ethiopian Jewry Inc have?
North American Conference On Ethiopian Jewry Inc has 13 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 $3.0M in total revenue.
Why has North American Conference On Ethiopian Jewry Inc experienced recurring deficits in recent years?
The organization's expenses have frequently exceeded its revenue, for example, in 202312, expenses were $2,492,122 against revenue of $1,616,820. This trend is observed in multiple periods, suggesting a potential reliance on reserves or a need to adjust spending.
What is the cause of the significant decline in assets from 2021 to 2023?
Assets decreased from $8,538,033 in 202112 to $5,557,447 in 202312. This could be due to strategic spending of reserves, investment losses, or using assets to cover operational deficits.
How does the organization sustain its operations with consistent deficits?
With recurring deficits, the organization likely draws upon its accumulated assets or prior year surpluses to cover operational costs. This is evident in the decline of total assets over recent periods.
What is the organization's strategy for revenue generation to match its expense levels?
The provided data does not detail specific revenue generation strategies, but the fluctuating and often insufficient revenue compared to expenses suggests a need for enhanced fundraising or diversified income streams to ensure long-term financial stability.
Filing History
IRS 990 filing history for North American Conference On Ethiopian Jewry Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North American Conference On Ethiopian Jewry Inc's revenue has declined by 49.3%, moving from $3.2M to $1.6M. Total assets increased by 179.8% over the same period, from $2.0M to $5.6M. Total functional expenses fell by 12.2%, from $2.8M to $2.5M. In its most recent filing year (2023), North American Conference On Ethiopian Jewry Inc reported a deficit of $875K, with expenses exceeding revenue. The organization holds $381K in liabilities against $5.6M in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $2.5M | $5.6M | $381K | — | — |
| 2022 | $1.7M | $2.8M | $6.3M | $520K | — | View 990 |
| 2021 | $2.8M | $3.0M | $8.5M | $327K | — | View 990 |
| 2020 | $2.4M | $2.3M | $8.4M | $325K | — | View 990 |
| 2019 | $6.8M | $2.3M | $7.8M | $315K | — | View 990 |
| 2018 | $3.8M | $2.3M | $3.3M | $607K | — | View 990 |
| 2017 | $2.2M | $2.3M | $2.2M | $785K | — | View 990 |
| 2016 | $2.3M | $2.6M | $2.0M | $708K | — | View 990 |
| 2015 | $2.3M | $2.6M | $2.3M | $852K | — | View 990 |
| 2014 | $2.5M | $2.6M | $2.6M | $777K | — | View 990 |
| 2013 | $3.0M | $2.4M | $2.6M | $781K | — | View 990 |
| 2012 | $2.3M | $2.6M | $1.8M | $597K | — | View 990 |
| 2011 | $3.2M | $2.8M | $2.0M | $669K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $2.5M, and assets of $5.6M (revenue -5.9% year-over-year).
- 2022: Revenue of $1.7M, expenses of $2.8M, and assets of $6.3M (revenue -38.0% year-over-year).
- 2021: Revenue of $2.8M, expenses of $3.0M, and assets of $8.5M (revenue +13.2% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.3M, and assets of $8.4M (revenue -63.9% year-over-year).
- 2019: Revenue of $6.8M, expenses of $2.3M, and assets of $7.8M (revenue +79.5% year-over-year).
- 2018: Revenue of $3.8M, expenses of $2.3M, and assets of $3.3M (revenue +71.4% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.3M, and assets of $2.2M (revenue -5.6% year-over-year).
- 2016: Revenue of $2.3M, expenses of $2.6M, and assets of $2.0M (revenue +3.7% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.6M, and assets of $2.3M (revenue -10.3% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.6M, and assets of $2.6M (revenue -16.0% year-over-year).
- 2013: Revenue of $3.0M, expenses of $2.4M, and assets of $2.6M (revenue +29.4% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.6M, and assets of $1.8M (revenue -27.5% year-over-year).
- 2011: Revenue of $3.2M, expenses of $2.8M, and assets of $2.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North American Conference On Ethiopian Jewry Inc:
Data Sources and Methodology
This transparency report for North American Conference On Ethiopian Jewry 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.