Stable revenue generation over the past decade, demonstrating consistent operational activity.
Maintains a positive asset base, indicating some financial reserves despite operating near break-even.
Spending Breakdown
How New Varieties Development&Managemen T Corp 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 Varieties Development&Managemen T Corp
Is New Varieties Development&Managemen T Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, New Varieties Development&Managemen T Corp (EIN: 203767882) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is New Varieties Development&Managemen T Corp a good charity to donate to?
New Varieties Development&Managemen T Corp has a Mission Score of 85/100. Revenue: $632K. Assets: $356K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Varieties Development&Managemen T Corp?
The Employer Identification Number (EIN) for New Varieties Development&Managemen T Corp is 203767882. 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 Varieties Development&Managemen T Corp spend its money?
New Varieties Development&Managemen T Corp allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Varieties Development&Managemen T Corp's tax-exempt status?
You can verify New Varieties Development&Managemen T Corp's tax-exempt status using EIN 203767882 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 Varieties Development&Managemen T Corp demonstrates consistent financial activity, with revenues and expenses generally in close alignment over the past decade. For instance, in 2023, revenues were $581,808 against expenses of $592,202, indicating a slight deficit. The organization's assets have fluctuated, reaching a high of $373,133 in 2018 and standing at $355,607 currently, suggesting a stable but not rapidly growing financial base. Liabilities have also varied, sometimes representing a significant portion of assets, such as $201,092 in liabilities against $283,510 in assets in 2023, which warrants attention.
The organization's spending efficiency appears to be focused on its mission, given the NTEE code C42 (Agricultural Research & Promotion) and the absence of reported officer compensation across all filings. This suggests that a high percentage of its expenditures likely go directly to program services. However, without a detailed breakdown of expenses into program, administrative, and fundraising categories in the provided data, a precise assessment of spending efficiency is challenging. The consistent reporting of zero officer compensation is a strong indicator of transparency regarding executive pay.
Overall, the organization appears financially stable, operating near break-even most years. Its transparency is commendable regarding executive compensation. To fully assess spending efficiency, a more granular breakdown of expenses would be beneficial. The fluctuating but generally increasing asset base, alongside varying liabilities, suggests careful financial management is ongoing.