Only Make Believe Inc
Only Make Believe Inc. shows consistent asset growth and zero reported officer compensation over a decade of operations.
EIN: 134133410 · New York, NY · NTEE: A65 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.8M |
| Total Expenses | $1.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $1.8M |
| Transparency Score | 90/100 |
Is Only Make Believe Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Only Make Believe Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Only Make Believe Inc
Only Make Believe Inc (EIN: 134133410) is a nonprofit organization based in New York, NY, classified under NTEE code A65. The organization reported total revenue of $3.8M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Only Make Believe Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Only Make Believe Inc is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-257,986 |
| Total Assets | $2.5M |
| Total Liabilities | $660K |
| Net Assets | $1.8M |
| Operating Margin | -18.1% |
| Debt-to-Asset Ratio | 26.8% |
| Months of Reserves | 17.6 months |
Financial Health Grade: B
In 2023, Only Make Believe Inc reported a deficit of $258K with expenses exceeding revenue, holds 17.6 months of operating reserves (strong position), has a debt-to-asset ratio of 26.8% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Only Make Believe Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +27.6% | +38.6% | +3.1% |
| 2022 | +29.0% | +20.5% | +10.6% |
| 2021 | -38.6% | -20.3% | -7.3% |
| 2020 | -9.5% | -10.8% | +6.7% |
| 2019 | +23.1% | +15.2% | +7.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Only Make Believe Inc with a Mission Score of 90 out of 100 (Excellent). 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, Only Make Believe 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $258K, with expenses exceeding revenue.
- Debt-to-asset ratio: 26.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with revenues exceeding $1 million annually. This suggests that key leadership may be volunteer-based or compensated through mechanisms not classified as officer compensation on the 990, which could be a significant strength in terms of donor perception and resource allocation to programs.
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 Only Make Believe Inc's IRS 990 filings:
- Significant increase in liabilities in recent years, from $44,504 in 2021 to $659,696 in 2023.
- Expenses exceeded revenue in the last three reported periods (2021, 2022, 2023), indicating potential operational deficits.
Strengths
The following positive indicators were identified for Only Make Believe Inc:
- Consistent asset growth over a decade, from $968,490 in 2014 to $2,463,557 in 2023.
- 0% reported officer compensation across all 14 filings, suggesting high efficiency in leadership costs.
- Long history of IRS 990 filings (14 filings), demonstrating strong transparency and compliance.
- Latest reported revenue of $3,812,045 indicates a substantial operational scale and fundraising capacity.
Frequently Asked Questions about Only Make Believe Inc
Is Only Make Believe Inc a legitimate charity?
Only Make Believe Inc (EIN: 134133410) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.8M. 2 red flags identified. 4 strengths noted. Financial health grade: B.
How does Only Make Believe Inc spend its money?
Only Make Believe Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Only Make Believe Inc tax-deductible?
Only Make Believe Inc is registered as a tax-exempt nonprofit (EIN: 134133410). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Only Make Believe Inc CEO make?
Only Make Believe Inc's highest-compensated officer earns $1 annually. The organization reported $3.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Only Make Believe Inc's spending goes to programs?
Only Make Believe Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Only Make Believe Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Only Make Believe Inc is above average for NTEE category A65 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Only Make Believe Inc located?
Only Make Believe Inc is headquartered in New York, New York and files with the IRS under EIN 134133410. It is classified under NTEE code A65.
How many years of IRS 990 filings does Only Make Believe Inc have?
Only Make Believe Inc has 14 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 $3.8M in total revenue.
Is Only Make Believe Inc. financially stable?
Yes, Only Make Believe Inc. appears financially stable. Despite some years where expenses exceeded revenue (e.g., 2023 and 2022), the organization has consistently grown its assets from $968,490 in 2014 to $2,463,557 in 2023, indicating a healthy accumulation of resources over time.
How does Only Make Believe Inc. manage executive compensation?
Only Make Believe Inc. reports 0% officer compensation across all 14 available IRS 990 filings. This is a notable characteristic, suggesting that executive leadership may be entirely volunteer-based or compensated through non-officer roles, which could free up more funds for programmatic activities.
What is the trend in Only Make Believe Inc.'s revenue and expenses?
Revenue and expenses for Only Make Believe Inc. have fluctuated over the years. For instance, revenue peaked at $1,788,794 in 2017 and $1,784,435 in 2015, while expenses have generally increased, reaching $1,681,931 in 2023. The organization has experienced periods of both surpluses and deficits, but overall assets have grown.
Are there any concerns regarding Only Make Believe Inc.'s liabilities?
Liabilities for Only Make Believe Inc. have increased significantly in recent years, from $44,504 in 2021 to $659,696 in 2023. While this warrants monitoring, the organization's assets have also grown substantially, suggesting the liabilities may be manageable within its overall financial structure.
Filing History
IRS 990 filing history for Only Make Believe Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Only Make Believe Inc's revenue has grown by 79%, moving from $796K to $1.4M. Total assets increased by 349.3% over the same period, from $548K to $2.5M. Total functional expenses rose by 141.5%, from $696K to $1.7M. In its most recent filing year (2023), Only Make Believe Inc reported a deficit of $258K, with expenses exceeding revenue. The organization holds $660K in liabilities against $2.5M in assets (debt-to-asset ratio: 26.8%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.7M | $2.5M | $660K | — | — |
| 2022 | $1.1M | $1.2M | $2.4M | $399K | — | View 990 |
| 2021 | $866K | $1.0M | $2.2M | $45K | — | View 990 |
| 2020 | $1.4M | $1.3M | $2.3M | $38K | — | — |
| 2019 | $1.6M | $1.4M | $2.2M | $42K | — | View 990 |
| 2018 | $1.3M | $1.2M | $2.0M | $30K | — | View 990 |
| 2017 | $1.8M | $1.2M | $2.0M | $27K | — | View 990 |
| 2016 | $1.1M | $1.3M | $1.4M | $24K | — | View 990 |
| 2015 | $1.8M | $1.1M | $1.6M | $17K | — | View 990 |
| 2014 | $1.2M | $1.1M | $968K | $40K | — | View 990 |
| 2013 | $1.2M | $1.2M | $861K | $27K | — | View 990 |
| 2012 | $1.0M | $981K | $870K | $28K | — | View 990 |
| 2011 | $1.1M | $874K | $806K | $29K | — | View 990 |
| 2010 | $796K | $696K | $548K | $26K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.7M, and assets of $2.5M (revenue +27.6% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.2M, and assets of $2.4M (revenue +29.0% year-over-year).
- 2021: Revenue of $866K, expenses of $1.0M, and assets of $2.2M (revenue -38.6% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $2.3M (revenue -9.5% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.4M, and assets of $2.2M (revenue +23.1% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.2M, and assets of $2.0M (revenue -29.3% year-over-year).
- 2017: Revenue of $1.8M, expenses of $1.2M, and assets of $2.0M (revenue +68.8% year-over-year).
- 2016: Revenue of $1.1M, expenses of $1.3M, and assets of $1.4M (revenue -40.6% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.1M, and assets of $1.6M (revenue +48.7% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.1M, and assets of $968K (revenue -1.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $861K (revenue +15.9% year-over-year).
- 2012: Revenue of $1.0M, expenses of $981K, and assets of $870K (revenue -7.3% year-over-year).
- 2011: Revenue of $1.1M, expenses of $874K, and assets of $806K (revenue +41.9% year-over-year).
- 2010: Revenue of $796K, expenses of $696K, and assets of $548K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Only Make Believe Inc:
Data Sources and Methodology
This transparency report for Only Make Believe 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.