The Nararo Foundation
The Nararo Foundation consistently operates at a deficit, drawing down its substantial asset base.
EIN: 20229861 · Philadelphia, PA · NTEE: T12 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $857K |
| Program Spending | 75% |
| CEO/Top Officer Pay | $13 |
| Net Assets | $13.8M |
| Transparency Score | 65/100 |
Is The Nararo Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The Nararo Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The Nararo Foundation
The Nararo Foundation (EIN: 20229861) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code T12. The organization reported total revenue of $2.8M and total assets of $13.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Nararo Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Nararo Foundation is a mid-size nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -9.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $495K |
| Total Expenses | $857K |
| Surplus / Deficit | $-361,552 |
| Total Assets | $13.8M |
| Total Liabilities | $32K |
| Net Assets | $13.8M |
| Operating Margin | -73.0% |
| Debt-to-Asset Ratio | 0.2% |
| Months of Reserves | 193.4 months |
Financial Health Grade: B
In 2023, The Nararo Foundation reported a deficit of $362K with expenses exceeding revenue, holds 193.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.2% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), The Nararo Foundation's revenue has declined at a compound annual growth rate (CAGR) of -9.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +39.5% | -1.6% | -2.4% |
| 2022 | -60.2% | +2.6% | -3.5% |
| 2021 | +156.0% | -10.9% | +0.2% |
| 2020 | -74.9% | +4.1% | -4.3% |
| 2019 | +125.7% | +59.9% | -4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| 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 The Nararo Foundation with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, The Nararo Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $362K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.2%.
Executive Compensation Analysis
The Nararo Foundation consistently reports 0% officer compensation across all available filings, suggesting either a fully volunteer executive team or compensation being categorized differently, which is unusual for an organization with over $13 million in assets.
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 The Nararo Foundation's IRS 990 filings:
- Consistent operating deficits, with expenses regularly exceeding revenue (e.g., $856,536 expenses vs. $494,984 revenue in 2023).
- Gradual decline in total assets over time, from $16,006,009 in 2015 to $13,821,658 currently, indicating asset drawdowns.
- Unexplained 0% officer compensation across all filings for an organization with significant assets, which may obscure true leadership costs.
Strengths
The following positive indicators were identified for The Nararo Foundation:
- Maintains a substantial asset base of $13,821,658, providing a strong financial cushion.
- Consistent IRS 990 filing history (10 filings), indicating good compliance and transparency.
- Very low liabilities relative to assets (e.g., $32,100 liabilities vs. $13.8M assets in 2023), suggesting strong financial management of debt.
Frequently Asked Questions about The Nararo Foundation
Is The Nararo Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, The Nararo Foundation (EIN: 20229861) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does The Nararo Foundation spend its money?
The Nararo Foundation directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The Nararo Foundation tax-deductible?
The Nararo Foundation is registered as a tax-exempt nonprofit (EIN: 20229861). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the The Nararo Foundation CEO make?
The Nararo Foundation's highest-compensated officer earns $13 annually. The organization reported $2.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of The Nararo Foundation's spending goes to programs?
The Nararo Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The Nararo Foundation compare to similar nonprofits?
With a transparency score of 65/100 (Good), The Nararo Foundation is above average for NTEE category T12 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The Nararo Foundation located?
The Nararo Foundation is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 20229861. It is classified under NTEE code T12.
How many years of IRS 990 filings does The Nararo Foundation have?
The Nararo Foundation 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 $2.8M in total revenue.
Is The Nararo Foundation financially sustainable given its consistent operating deficits?
The foundation has consistently spent more than it earned in recent years (e.g., $856,536 expenses vs. $494,984 revenue in 2023), leading to a gradual decline in its asset base from over $16 million in 2015 to $13.8 million currently. This trend suggests a reliance on its endowment, which is not sustainable indefinitely without a change in operational strategy or increased revenue.
What is the nature of the '0% Officer Comp' reported across all filings?
The consistent reporting of 0% officer compensation is unusual for an organization of this size and asset base. It could indicate that executive leadership is entirely volunteer-based, or that compensation is being reported under other expense categories, which would require further investigation of the full 990 forms to understand.
How does The Nararo Foundation generate its revenue?
While specific revenue sources are not detailed in the provided data, the NTEE code T12 (Philanthropy, Voluntarism, and Grantmaking Foundations) suggests revenue likely comes from investment income on its assets, donations, or a combination thereof. The fluctuating revenue figures (e.g., $2.5M in 2014 vs. $354K in 2022) indicate variability in its income streams.
Filing History
IRS 990 filing history for The Nararo Foundation showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), The Nararo Foundation's revenue has declined by 67.8%, moving from $1.5M to $495K. Total assets increased by 0.6% over the same period, from $13.7M to $13.8M. Total functional expenses rose by 29.3%, from $663K to $857K. In its most recent filing year (2023), The Nararo Foundation reported a deficit of $362K, with expenses exceeding revenue. The organization holds $32K in liabilities against $13.8M in assets (debt-to-asset ratio: 0.2%), resulting in net assets of $13.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $495K | $857K | $13.8M | $32K | — | View 990 |
| 2022 | $355K | $871K | $14.1M | $11K | — | View 990 |
| 2021 | $892K | $848K | $14.7M | $10K | — | View 990 |
| 2020 | $348K | $952K | $14.6M | $21K | — | View 990 |
| 2019 | $1.4M | $915K | $15.3M | $71K | — | View 990 |
| 2015 | $614K | $572K | $16.0M | $1 | — | View 990 |
| 2014 | $2.6M | $701K | $16.0M | $1 | — | View 990 |
| 2013 | $1.1M | $614K | $14.1M | $1 | — | View 990 |
| 2012 | $537K | $634K | $13.6M | $1 | — | View 990 |
| 2011 | $1.5M | $663K | $13.7M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $495K, expenses of $857K, and assets of $13.8M (revenue +39.5% year-over-year).
- 2022: Revenue of $355K, expenses of $871K, and assets of $14.1M (revenue -60.2% year-over-year).
- 2021: Revenue of $892K, expenses of $848K, and assets of $14.7M (revenue +156.0% year-over-year).
- 2020: Revenue of $348K, expenses of $952K, and assets of $14.6M (revenue -74.9% year-over-year).
- 2019: Revenue of $1.4M, expenses of $915K, and assets of $15.3M (revenue +125.7% year-over-year).
- 2015: Revenue of $614K, expenses of $572K, and assets of $16.0M (revenue -76.2% year-over-year).
- 2014: Revenue of $2.6M, expenses of $701K, and assets of $16.0M (revenue +141.3% year-over-year).
- 2013: Revenue of $1.1M, expenses of $614K, and assets of $14.1M (revenue +98.9% year-over-year).
- 2012: Revenue of $537K, expenses of $634K, and assets of $13.6M (revenue -65.1% year-over-year).
- 2011: Revenue of $1.5M, expenses of $663K, and assets of $13.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Nararo Foundation:
Data Sources and Methodology
This transparency report for The Nararo Foundation 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.