Is New Cycle Foundation Legit?

New Cycle Foundation demonstrates consistent financial stability with substantial assets, averaging over $11 million across its filing history. The organization has shown a positive trend in revenue in recent years, with $1,304,205 in 2023 and $677,355 in 2022, following a period of more volatile income. Expenses have remained relatively stable, typically ranging between $500,000 and $1,000,000 annually. A notable aspect is the reported 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or that compensation is reported under other expense categories, warranting further investigation for complete transparency. The organization's liabilities have consistently been very low, indicating a strong balance sheet and minimal debt burden. The foundation's financial health appears robust, supported by its significant asset base and generally positive net income in recent periods. While specific program spending percentages are not provided in the summary data, the consistent operational expenses suggest ongoing activities. The absence of reported officer compensation is a significant factor in assessing spending efficiency and transparency; if executives are truly unpaid, it represents a highly efficient use of funds for leadership. However, without a detailed breakdown of expenses, it's challenging to fully assess the efficiency of program delivery versus administrative overhead. The consistent filing of IRS Form 990s indicates a commitment to regulatory transparency.