Significant year-over-year fluctuations in assets and liabilities without clear explanation in the provided data (e.g., Assets dropped from $6.2M in 202206 to $1.2M in 202306).
Operating deficits in some periods (e.g., 202306: Expenses $2,339,006 exceeded Revenue $2,215,453).
Strengths
Consistent revenue generation over $2 million annually.
No reported officer compensation, suggesting low administrative overhead in this specific category.
Long filing history (14 filings) indicates consistent compliance with IRS reporting requirements.
AI Transparency Report
New Century Academy demonstrates consistent revenue generation, averaging over $2 million annually in recent years. However, the organization has shown a pattern of operating with liabilities exceeding assets in most recent periods, notably in 202306 where liabilities were $1,627,462 against assets of $1,262,578. This indicates a potential reliance on debt or short-term funding. While the organization's officer compensation has consistently been reported as 0%, which is a positive indicator for minimizing administrative overhead, the overall financial health could be strengthened by improving its asset-to-liability ratio. The significant fluctuation in assets and liabilities between 202106 and 202206 (assets jumped from $6.1M to $6.2M, then dropped to $1.2M in 202306) warrants further investigation to understand the underlying financial activities and stability.