Quick charity verification for New Eyes For The Needy Inc (EIN: 221539720)
Verdict: New Eyes For The Needy Inc appears trustworthy
85/100Mission Score
$1.3MRevenue
$4.6MAssets
2Red Flags
3Strengths
Red Flags
Revenue has been highly volatile, ranging from $561,257 in 2017 to $2,096,820 in 2023, making financial forecasting challenging.
The organization's net assets decreased from $5,128,111 in 2023 to $4,796,421 in 2024, indicating a recent decline in financial health.
Strengths
Consistently low fundraising costs, indicating efficient use of donor funds.
Strong program spending, with a significant portion of expenses dedicated to direct services.
Long operational history (since at least 2017 in provided data) demonstrates sustained commitment to their mission.
Spending Breakdown
How New Eyes For The Needy Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
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 Eyes For The Needy Inc
Is New Eyes For The Needy Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Eyes For The Needy Inc (EIN: 221539720) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is New Eyes For The Needy Inc a good charity to donate to?
New Eyes For The Needy Inc has a Mission Score of 85/100. Revenue: $1.3M. Assets: $4.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Eyes For The Needy Inc?
The Employer Identification Number (EIN) for New Eyes For The Needy Inc is 221539720. 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 Eyes For The Needy Inc spend its money?
New Eyes For The Needy Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Eyes For The Needy Inc's tax-exempt status?
You can verify New Eyes For The Needy Inc's tax-exempt status using EIN 221539720 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 Eyes For The Needy Inc is a unknown nonprofit based in Short Hills, New Jersey, with reported revenue of $1.3M and assets of $4.6M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation appears reasonable, with the highest paid individual receiving $100,204 in 2024, which is appropriate for an organization of this size and revenue. Revenue has declined -11% across 13 filing periods.