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.