Is New Life Academy Of Excellence Inc…

Quick charity verification for New Life Academy Of Excellence Inc (EIN: 161768260)

Strengths

Consistent revenue growth over the past decade, from $3.48M in 2015 to $5.83M in 2024.
Strong asset growth, increasing from $3.57M in 2015 to $9.53M in 2024.
0% officer compensation reported across all filings, indicating a strong commitment to mission and transparency.
Positive net assets, with assets consistently exceeding liabilities, demonstrating financial stability (e.g., $9.53M assets vs. $6.68M liabilities in 2024).

Spending Breakdown

How New Life Academy Of Excellence Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 Life Academy Of Excellence Inc

Is New Life Academy Of Excellence Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, New Life Academy Of Excellence Inc (EIN: 161768260) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 4 strengths noted.

Is New Life Academy Of Excellence Inc a good charity to donate to?

New Life Academy Of Excellence Inc has a Mission Score of 90/100. Revenue: $6.9M. Assets: $9.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for New Life Academy Of Excellence Inc?

The Employer Identification Number (EIN) for New Life Academy Of Excellence Inc is 161768260. 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 Life Academy Of Excellence Inc spend its money?

New Life Academy Of Excellence Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify New Life Academy Of Excellence Inc's tax-exempt status?

You can verify New Life Academy Of Excellence Inc's tax-exempt status using EIN 161768260 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 Life Academy Of Excellence Inc demonstrates consistent growth in revenue and assets over the past decade, indicating a stable financial trajectory. For instance, revenue grew from $3,487,952 in 2015 to $5,834,475 in 2024, and assets increased from $3,574,833 to $9,530,570 in the same period. The organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. However, the 2024 filing shows expenses exceeding revenue by $247,003 ($6,081,478 expenses vs. $5,834,475 revenue), which warrants monitoring to ensure long-term sustainability, although this could be due to strategic investments or timing differences.

The organization's spending efficiency appears strong given the consistent 0% officer compensation. While a detailed functional expense breakdown (program, administrative, fundraising) is not provided in the summary data, the absence of executive compensation suggests a lean operational structure. The significant increase in assets, particularly from $5,181,446 in 2023 to $9,530,570 in 2024, alongside a corresponding increase in liabilities from $2,088,365 to $6,684,492, suggests potential capital investments or expansion, which should be further investigated for their alignment with the organization's mission and long-term financial health. The consistent growth in assets and revenue over a long period points to effective financial management and fundraising efforts.

Overall, New Life Academy Of Excellence Inc exhibits good financial health with strong asset growth and a commendable commitment to transparency regarding executive compensation. The recent deficit in the 2024 period is a point to watch, but the overall trend is positive. The organization's consistent growth and lack of executive compensation suggest a focus on its mission, making it appear financially sound and transparent.

Is New Life Academy Of Excellence Inc Legit?

Verdict: New Life Academy Of Excellence Inc appears trustworthy

Red Flags