Nyaad Inc
Nyaad Inc. shows inconsistent expense reporting, including zero expenses in 2023, despite growing assets.
EIN: 141638230 · Edgewood, NM · NTEE: S41 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $167K |
| Net Assets | $257K |
| Transparency Score | 30/100 |
Is Nyaad Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Nyaad Inc
Nyaad Inc (EIN: 141638230) is a nonprofit organization based in Edgewood, NM, classified under NTEE code S41. The organization reported total revenue of $167K and total assets of $292K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nyaad Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Nyaad Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $187K |
| Total Expenses | $0 |
| Surplus / Deficit | +$187K |
| Total Assets | $257K |
| Net Assets | $257K |
| Operating Margin | 100.0% |
Financial Health Grade: A
In 2023, Nyaad Inc reported a surplus of $187K with revenue exceeding expenses.
Financial Trends
Over 13 years of filings (2011–2023), Nyaad Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +60.4% | -100.0% | -18.7% |
| 2022 | -32.3% | -46.5% | +38.9% |
| 2021 | +76.1% | -21.1% | +185.2% |
| 2020 | -50.8% | -69.4% | +77.8% |
| 2019 | +44.7% | +19.4% | -14.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Nyaad Inc with a Mission Score of 30 out of 100 (Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 0%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Nyaad Inc allocates its expenses as follows: admin: 0%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
Executive Compensation Analysis
Nyaad Inc. consistently reports 0% officer compensation across all available filings, indicating that its leadership is either entirely volunteer-based or compensated through non-officer roles, which is a positive for minimizing overhead related to executive pay.
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 Nyaad Inc's IRS 990 filings:
- Zero expenses reported in 2023 despite significant revenue ($187,346), raising questions about financial reporting accuracy and operational status.
- Highly inconsistent expense reporting across multiple years, making it difficult to analyze spending efficiency and program allocation.
- Lack of detailed expense breakdown prevents assessment of program spending versus administrative or fundraising costs.
- Inability to determine the percentage of funds directly applied to mission-related programs due to reporting gaps.
Strengths
The following positive indicators were identified for Nyaad Inc:
- Consistent reporting of 0% officer compensation, suggesting a volunteer-led or very lean executive structure.
- Consistent revenue generation over many years, indicating donor support or other funding streams.
- Significant growth in assets from $29,582 in 2014 to $256,711 in 2023, demonstrating financial accumulation.
Frequently Asked Questions about Nyaad Inc
Is Nyaad Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Nyaad Inc (EIN: 141638230) significant concerns. Mission Score: 30/100. 4 red flags identified, 3 strengths noted.
How does Nyaad Inc spend its money?
Detailed spending breakdown data is not yet available for Nyaad Inc. Check back for updated IRS 990 analysis.
Are donations to Nyaad Inc tax-deductible?
Nyaad Inc is registered as a tax-exempt nonprofit (EIN: 141638230). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Nyaad Inc compare to similar nonprofits?
With a transparency score of 30/100 (Poor), Nyaad Inc is below average for NTEE category S41 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Nyaad Inc located?
Nyaad Inc is headquartered in Edgewood, New Mexico and files with the IRS under EIN 141638230. It is classified under NTEE code S41.
How many years of IRS 990 filings does Nyaad Inc have?
Nyaad 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 $167K in total revenue.
Why did Nyaad Inc. report $0 in expenses for the 2023 fiscal period?
The 2023 IRS 990 filing for Nyaad Inc. shows $187,346 in revenue but $0 in expenses. This is highly unusual and makes it impossible to assess how funds were used or if the organization was operational. It could indicate an error in reporting or a period of significant asset accumulation without direct programmatic spending.
How does Nyaad Inc. utilize its accumulated assets?
Nyaad Inc. has grown its assets from $29,582 in 2014 to $256,711 in 2023. Without detailed expense reporting, especially for 2023, it's unclear how these assets are being deployed to further the organization's mission or if they are primarily held as reserves.
What are the actual program activities and their costs?
Due to inconsistent and sometimes absent expense reporting, particularly the $0 expenses in 2023, it is impossible to determine the specific program activities Nyaad Inc. undertakes or the costs associated with them. This lack of detail hinders an assessment of program effectiveness.
Filing History
IRS 990 filing history for Nyaad Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Nyaad Inc's revenue has grown by 53.3%, moving from $122K to $187K. Total assets increased by 208.9% over the same period, from $83K to $257K. Total functional expenses fell by 100%, from $140K to $0.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $187K | $0 | $257K | $0 | — | — |
| 2022 | $117K | $27K | $316K | $0 | — | View 990 |
| 2021 | $173K | $50K | $227K | $2K | — | View 990 |
| 2020 | $98K | $63K | $80K | $250 | — | View 990 |
| 2019 | $199K | $207K | $45K | $0 | — | View 990 |
| 2018 | $138K | $173K | $52K | $150 | — | View 990 |
| 2017 | $195K | $177K | $88K | $100 | — | View 990 |
| 2016 | $175K | $146K | $71K | $1K | — | View 990 |
| 2015 | $151K | $139K | $41K | $0 | — | View 990 |
| 2014 | $123K | $145K | $30K | $300 | — | View 990 |
| 2013 | $146K | $156K | $51K | $350 | — | View 990 |
| 2012 | $98K | $120K | $61K | $0 | — | View 990 |
| 2011 | $122K | $140K | $83K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $187K, expenses of $0, and assets of $257K (revenue +60.4% year-over-year).
- 2022: Revenue of $117K, expenses of $27K, and assets of $316K (revenue -32.3% year-over-year).
- 2021: Revenue of $173K, expenses of $50K, and assets of $227K (revenue +76.1% year-over-year).
- 2020: Revenue of $98K, expenses of $63K, and assets of $80K (revenue -50.8% year-over-year).
- 2019: Revenue of $199K, expenses of $207K, and assets of $45K (revenue +44.7% year-over-year).
- 2018: Revenue of $138K, expenses of $173K, and assets of $52K (revenue -29.4% year-over-year).
- 2017: Revenue of $195K, expenses of $177K, and assets of $88K (revenue +11.5% year-over-year).
- 2016: Revenue of $175K, expenses of $146K, and assets of $71K (revenue +15.7% year-over-year).
- 2015: Revenue of $151K, expenses of $139K, and assets of $41K (revenue +22.7% year-over-year).
- 2014: Revenue of $123K, expenses of $145K, and assets of $30K (revenue -15.5% year-over-year).
- 2013: Revenue of $146K, expenses of $156K, and assets of $51K (revenue +48.8% year-over-year).
- 2012: Revenue of $98K, expenses of $120K, and assets of $61K (revenue -19.9% year-over-year).
- 2011: Revenue of $122K, expenses of $140K, and assets of $83K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Nyaad Inc:
Data Sources and Methodology
This transparency report for Nyaad 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.