Quick charity verification for New Vision For Independence Inc (EIN: 203288751)
Verdict: New Vision For Independence Inc appears trustworthy
92/100Mission Score
$785KRevenue
$606KAssets
2Red Flags
5Strengths
Red Flags
Unusually low liabilities in some periods (e.g., $2,796 in 201909) could indicate potential underreporting or very minimal operational overhead, which might warrant further investigation into operational structure.
The consistent 0% officer compensation, while positive for program spending, is highly unusual for an organization of this size and could suggest that executive roles are filled by volunteers or compensated in ways not categorized as 'officer compensation' on the 990, which might require deeper scrutiny for full transparency.
Strengths
Consistent growth in assets, from $176,126 in 201909 to $344,489 in 202309, demonstrating financial stability and capacity building.
Zero reported officer compensation across all available filings, indicating a strong commitment to directing funds towards program services.
Positive revenue growth from $446,503 in 202009 to $630,040 in 202309, showing increasing support and operational scale.
Low liabilities relative to assets and revenue, indicating sound financial management and minimal debt.
Consistent IRS 990 filing history over 13 periods, demonstrating a commitment to transparency and compliance.
Spending Breakdown
How New Vision For Independence Inc 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 Vision For Independence Inc
Is New Vision For Independence Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Vision For Independence Inc (EIN: 203288751) appears trustworthy. Mission Score: 92/100. 2 red flags identified, 5 strengths noted.
Is New Vision For Independence Inc a good charity to donate to?
New Vision For Independence Inc has a Mission Score of 92/100. Revenue: $785K. Assets: $606K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Vision For Independence Inc?
The Employer Identification Number (EIN) for New Vision For Independence Inc is 203288751. 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 Vision For Independence Inc spend its money?
New Vision For Independence Inc allocates 90% to programs, 7% to administration, and 3% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Vision For Independence Inc's tax-exempt status?
You can verify New Vision For Independence Inc's tax-exempt status using EIN 203288751 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 Vision For Independence Inc demonstrates a generally stable financial trajectory, with recent growth in revenue and assets. In the 202309 period, the organization reported revenue of $630,040 against expenses of $600,647, indicating a surplus that contributes to asset growth. This positive trend is a recovery from the 202209 period where expenses ($586,425) exceeded revenue ($534,085). The organization's assets have shown consistent growth, reaching $344,489 in 202309, up from $294,497 in 202209, suggesting prudent financial management and accumulation of resources. Liabilities remain relatively low, at $31,004 in 202309, which is a healthy indicator of financial stability.
Spending efficiency appears to be reasonable, with the organization consistently operating with a program-focused approach, as evidenced by the lack of reported officer compensation across all available filings, implying resources are directed towards mission-related activities rather than executive salaries. The organization's NTEE code P86 (Services for the Blind) aligns with its mission, and the consistent filing of IRS 990 forms over 13 periods demonstrates a commitment to transparency. The growth in revenue from $446,503 in 202009 to $630,040 in 202309 also indicates increasing support and operational capacity.
Overall, New Vision For Independence Inc appears to be a financially sound organization with a clear mission focus and a good record of transparency through its consistent IRS filings. The absence of officer compensation is a significant positive indicator of resource allocation towards its programs.