Is The New Festival Inc Legit?

Red Flags

Unusually low liabilities relative to assets in some periods (e.g., 201801 with $0 liabilities), which could indicate conservative accounting or specific funding structures.
Consistent 0% officer compensation for an organization of this size could suggest executive compensation is paid by a related entity or through other means not fully disclosed on the 990, warranting further inquiry for complete transparency.

Strengths

Strong and consistent revenue growth over the past decade, from $113,225 in 2015 to $1,894,326 in 2024.
Healthy asset accumulation, growing from $48,336 in 2015 to $1,336,608 in 2024, indicating financial stability.
Consistent reporting of 0% officer compensation, suggesting a high dedication of funds to programmatic activities.
Expenses consistently below revenue in most recent periods, allowing for surplus and asset growth.
Manageable liabilities relative to assets, indicating good financial management.

Spending Breakdown

How The New Festival Inc allocates its funds across programs, administration, and fundraising.

85%

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 The New Festival Inc

Is The New Festival Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, The New Festival Inc (EIN: 133560387) appears trustworthy. Mission Score: 90/100. 2 red flags identified, 5 strengths noted.

Is The New Festival Inc a good charity to donate to?

The New Festival Inc has a Mission Score of 90/100. Revenue: $2.2M. Assets: $1.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for The New Festival Inc?

The Employer Identification Number (EIN) for The New Festival Inc is 133560387. 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 The New Festival Inc spend its money?

The New Festival Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify The New Festival Inc's tax-exempt status?

You can verify The New Festival Inc's tax-exempt status using EIN 133560387 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

The New Festival Inc demonstrates strong financial health and consistent growth over the past decade. Revenue has steadily increased from $113,225 in 2015 to $1,894,326 in the latest 2024 filing, indicating robust fundraising and program success. The organization consistently maintains a healthy asset base, growing from $48,336 in 2015 to $1,336,608 in 2024, with liabilities remaining manageable relative to assets. This growth suggests effective financial management and an expanding operational capacity.

Spending efficiency appears to be a core strength, with expenses consistently lower than revenue in most recent periods, allowing for asset accumulation. For instance, in 2024, expenses were $1,690,156 against $1,894,326 in revenue, resulting in a surplus. The consistent reporting of 0% officer compensation across all filings is a significant indicator of transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice enhances public trust and suggests a volunteer-driven or very lean leadership structure.

Overall, The New Festival Inc exhibits a positive financial trajectory, strong asset growth, and a commendable commitment to transparency regarding executive compensation. Their ability to scale operations while maintaining financial stability and a clear focus on their mission, as evidenced by the lack of officer compensation, positions them as a financially sound and trustworthy nonprofit.

Verdict: The New Festival Inc appears trustworthy