Friendship New Vision Inc
Friendship New Vision Inc. consistently operates at a deficit, with expenses exceeding revenue in most recent years.
EIN: 141849727 · Toledo, OH · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $494K |
| Total Expenses | $627K |
| Program Spending | 80% |
| Net Assets | $170K |
| Transparency Score | 65/100 |
Is Friendship New Vision Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friendship New Vision Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Friendship New Vision Inc
Friendship New Vision Inc (EIN: 141849727) is a nonprofit organization based in Toledo, OH, classified under NTEE code P20. The organization reported total revenue of $494K and total assets of $348K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friendship New Vision Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friendship New Vision Inc is a small nonprofit that has been operating for 22 years, with 12 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -2.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $494K |
| Total Expenses | $627K |
| Surplus / Deficit | $-132,425 |
| Total Assets | $348K |
| Total Liabilities | $177K |
| Net Assets | $170K |
| Operating Margin | -26.8% |
| Debt-to-Asset Ratio | 51.0% |
| Months of Reserves | 6.7 months |
Financial Health Grade: C
In 2023, Friendship New Vision Inc reported a deficit of $132K with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 51.0% (high leverage).
Financial Trends
Over 12 years of filings (2010–2023), Friendship New Vision Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.4% | +19.4% | -27.0% |
| 2022 | -11.3% | -10.6% | +49.0% |
| 2019 | +8.1% | -8.1% | -12.2% |
| 2018 | +47.3% | +0.7% | -34.8% |
| 2017 | -49.1% | -4.8% | -44.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2004 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friendship New Vision Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Friendship New Vision Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $132K, with expenses exceeding revenue.
- Debt-to-asset ratio: 51.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no compensation was paid to officers, which is a strong positive for minimizing overhead and maximizing resources for the mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Friendship New Vision Inc's IRS 990 filings:
- Consistent operating deficits (expenses exceeding revenue in most years)
- Declining asset base over the long term
- Significant liabilities relative to current assets
Strengths
The following positive indicators were identified for Friendship New Vision Inc:
- No reported officer compensation, indicating efficient use of funds for leadership
- Consistent filing history, demonstrating transparency in reporting
Frequently Asked Questions about Friendship New Vision Inc
Is Friendship New Vision Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friendship New Vision Inc (EIN: 141849727) some concerns. Mission Score: 65/100. 3 red flags identified, 2 strengths noted.
How does Friendship New Vision Inc spend its money?
Friendship New Vision Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friendship New Vision Inc tax-deductible?
Friendship New Vision Inc is registered as a tax-exempt nonprofit (EIN: 141849727). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Friendship New Vision Inc's spending goes to programs?
Friendship New Vision Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Friendship New Vision Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Friendship New Vision Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friendship New Vision Inc located?
Friendship New Vision Inc is headquartered in Toledo, Ohio and files with the IRS under EIN 141849727. It is classified under NTEE code P20.
How many years of IRS 990 filings does Friendship New Vision Inc have?
Friendship New Vision Inc has 12 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $494K in total revenue.
Is Friendship New Vision Inc. financially sustainable?
The organization has consistently reported operating deficits, with expenses exceeding revenue in most recent years (e.g., $626,739 expenses vs. $494,314 revenue in 2023). This pattern raises concerns about long-term financial sustainability without a change in revenue or expense structure.
How has the organization's asset base changed over time?
Friendship New Vision Inc.'s assets have generally declined over the past decade, from over $1 million in 2016 to $347,946 in 2023, suggesting a reduction in financial reserves.
What is the trend in the organization's liabilities?
Liabilities have fluctuated but remain significant, standing at $177,460 in 2023. This level of liabilities, especially in conjunction with declining assets and operating deficits, warrants attention.
Filing History
IRS 990 filing history for Friendship New Vision Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2010–2023), Friendship New Vision Inc's revenue has declined by 24.4%, moving from $654K to $494K. Total assets decreased by 60.4% over the same period, from $878K to $348K. Total functional expenses rose by 141.7%, from $259K to $627K. In its most recent filing year (2023), Friendship New Vision Inc reported a deficit of $132K, with expenses exceeding revenue. The organization holds $177K in liabilities against $348K in assets (debt-to-asset ratio: 51.0%), resulting in net assets of $170K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $494K | $627K | $348K | $177K | — | — |
| 2022 | $478K | $525K | $477K | $187K | — | View 990 |
| 2019 | $539K | $587K | $320K | $106K | — | View 990 |
| 2018 | $499K | $639K | $364K | $120K | — | View 990 |
| 2017 | $338K | $635K | $559K | $195K | — | View 990 |
| 2016 | $665K | $667K | $1.0M | $349K | — | View 990 |
| 2015 | $905K | $867K | $918K | $326K | — | View 990 |
| 2014 | $534K | $578K | $1.1M | $496K | — | View 990 |
| 2013 | $791K | $751K | $1.2M | $554K | — | View 990 |
| 2012 | $370K | $729K | $1.1M | $545K | — | View 990 |
| 2011 | $1.0M | $317K | $1.8M | $657K | — | View 990 |
| 2010 | $654K | $259K | $878K | $489K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $494K, expenses of $627K, and assets of $348K (revenue +3.4% year-over-year).
- 2022: Revenue of $478K, expenses of $525K, and assets of $477K (revenue -11.3% year-over-year).
- 2019: Revenue of $539K, expenses of $587K, and assets of $320K (revenue +8.1% year-over-year).
- 2018: Revenue of $499K, expenses of $639K, and assets of $364K (revenue +47.3% year-over-year).
- 2017: Revenue of $338K, expenses of $635K, and assets of $559K (revenue -49.1% year-over-year).
- 2016: Revenue of $665K, expenses of $667K, and assets of $1.0M (revenue -26.5% year-over-year).
- 2015: Revenue of $905K, expenses of $867K, and assets of $918K (revenue +69.5% year-over-year).
- 2014: Revenue of $534K, expenses of $578K, and assets of $1.1M (revenue -32.5% year-over-year).
- 2013: Revenue of $791K, expenses of $751K, and assets of $1.2M (revenue +113.5% year-over-year).
- 2012: Revenue of $370K, expenses of $729K, and assets of $1.1M (revenue -63.6% year-over-year).
- 2011: Revenue of $1.0M, expenses of $317K, and assets of $1.8M (revenue +55.8% year-over-year).
- 2010: Revenue of $654K, expenses of $259K, and assets of $878K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friendship New Vision Inc:
Data Sources and Methodology
This transparency report for Friendship New Vision Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.