Quick charity verification for New Economy Project (EIN: 133842270)
Verdict: New Economy Project appears trustworthy
92/100Mission Score
$3.9MRevenue
$8.9MAssets
2Red Flags
5Strengths
Red Flags
Unusually low reported liabilities relative to assets, which could warrant further investigation into financial structure, though generally positive.
Significant fluctuations in annual revenue, which could pose challenges for long-term planning if not managed with robust reserves.
Strengths
Consistent 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
Strong and growing asset base, reaching $8,893,886, providing financial stability.
Low liabilities relative to assets, suggesting minimal debt and strong financial management.
Often operates with a surplus (e.g., $2,539,843 revenue vs. $1,791,931 expenses in 2022), indicating effective expense control.
Long filing history (13 filings) demonstrates sustained operation and transparency.
Spending Breakdown
How New Economy Project allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
7%
Admin Costs
Reasonable — admin costs in check
3%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about New Economy Project
Is New Economy Project a legitimate charity?
Based on AI analysis of IRS 990 filings, New Economy Project (EIN: 133842270) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is New Economy Project a good charity to donate to?
New Economy Project has a Mission Score of 92/100. Revenue: $3.9M. Assets: $8.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Economy Project?
The Employer Identification Number (EIN) for New Economy Project is 133842270. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does New Economy Project spend its money?
New Economy Project allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Economy Project's tax-exempt status?
You can verify New Economy Project's tax-exempt status using EIN 133842270 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
New Economy Project demonstrates a generally stable financial position with consistent asset growth over the past decade, reaching $8,893,886 in latest assets. While revenue has fluctuated, with a notable peak of $3,216,024 in 2016 and a recent high of $2,539,843 in 2022, the organization has managed its expenses, often operating with a surplus, as seen in 2022 ($2,539,843 revenue vs. $1,791,931 expenses). The organization's liabilities have remained relatively low, indicating good financial management and low debt risk.
The organization's spending efficiency appears strong, particularly given the consistent reporting of 0% officer compensation across all available filings. This suggests a commitment to directing resources towards its mission rather than executive salaries. The NTEE code S31 (Legal Services) aligns with their mission, and the financial data supports a focus on program delivery. The absence of reported officer compensation also contributes positively to their transparency profile.
Overall, New Economy Project exhibits sound financial health, efficient spending practices, and a high degree of transparency regarding executive compensation. Their ability to maintain substantial assets and manage expenses effectively, even with varying revenue streams, points to a well-managed and sustainable operation.