Quick charity verification for New Harvest Educational Centers (EIN: 203080664)
Verdict: New Harvest Educational Centers appears trustworthy
90/100Mission Score
$2.3MRevenue
$3.9MAssets
2Red Flags
5Strengths
Red Flags
Expenses exceeded revenue in the most recent filing (202312), indicating a potential operating deficit for that period.
Significant increase in liabilities from $144,199 in 2020 to $2,065,389 in 2021, warranting further investigation into the nature of these obligations.
Strengths
Consistent revenue growth over the past decade, from $584,409 in 2014 to $1,923,062 in 2023.
Strong asset accumulation, growing from $529,594 in 2014 to $3,654,374 in 2023.
0% reported officer compensation across all filings, indicating a strong commitment to directing funds to programs.
Consistent filing of IRS Form 990s for 13 periods, demonstrating transparency.
Positive net asset growth from $302,078 in 2014 to $1,021,523 in 2023, indicating financial stability.
Spending Breakdown
How New Harvest Educational Centers allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Harvest Educational Centers
Is New Harvest Educational Centers a legitimate charity?
Based on AI analysis of IRS 990 filings, New Harvest Educational Centers (EIN: 203080664) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.
Is New Harvest Educational Centers a good charity to donate to?
New Harvest Educational Centers has a Mission Score of 90/100. Revenue: $2.3M. Assets: $3.9M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Harvest Educational Centers?
The Employer Identification Number (EIN) for New Harvest Educational Centers is 203080664. 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 Harvest Educational Centers spend its money?
New Harvest Educational Centers allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Harvest Educational Centers's tax-exempt status?
You can verify New Harvest Educational Centers's tax-exempt status using EIN 203080664 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 Harvest Educational Centers demonstrates a generally stable financial position with consistent revenue growth over the past decade, increasing from $584,409 in 2014 to $1,923,062 in 2023. The organization has shown a commitment to its mission by maintaining a high program spending ratio, as evidenced by its overall spending efficiency. While the organization has experienced periods where expenses exceeded revenue, such as in 2023 where expenses were $1,985,021 against revenues of $1,923,062, its asset base has grown significantly, from $529,594 in 2014 to $3,654,374 in 2023, indicating sound financial management and accumulation of resources. The consistent reporting of 0% officer compensation across all filings suggests a strong focus on directing funds towards programs rather than executive salaries, enhancing its transparency and public trust.
The organization's financial health appears robust, with a substantial increase in assets and a generally positive trend in net assets (assets minus liabilities). For instance, net assets grew from $302,078 in 2014 to $1,021,523 in 2023. The liabilities have also increased in proportion to asset growth, which warrants monitoring, but the overall financial picture remains positive. The consistent filing of IRS Form 990s over 13 periods further demonstrates a commitment to transparency and accountability.
Overall, New Harvest Educational Centers appears to be a financially healthy and efficiently run organization, effectively growing its resources to support its educational mission. Its consistent program focus and lack of reported officer compensation are strong indicators of its dedication to its charitable purpose.