Is New Generation Inc Legit?

New Generation Inc. demonstrates a consistent financial history with a notable trend of decreasing revenue and expenses over the past decade, from a high of $905,869 in revenue in 2012 to $479,410 in 2019. Despite this, the organization has maintained a healthy asset base, with current assets at $659,591, exceeding its liabilities. The organization's financial health appears stable, though its operational scale has reduced. The organization's spending efficiency is difficult to fully assess without detailed expense breakdowns (program, administrative, fundraising) from the provided data. However, the consistent reporting of 0% officer compensation across all filings suggests a commitment to minimizing executive overhead, which is a positive indicator for spending efficiency. The NTEE code P450 (Youth Development Programs) suggests a focus on direct program delivery. Transparency is generally good, with 9 years of IRS 990 filings available. The consistent reporting of zero officer compensation enhances trust. However, without a more granular breakdown of expenses, it's challenging to fully evaluate how efficiently funds are allocated between programs, administration, and fundraising. The lack of officer compensation is a strong positive for transparency regarding executive pay.