New 2 You Family Thrift Inc
New 2 You Family Thrift Inc shows consistent growth and no officer compensation, operating near break-even.
EIN: 205871265 · North Mankato, MN · NTEE: P29 · Updated: 2026-03-28
Source Check Matrix
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New 2 You Family Thrift Inc is mapped to EIN 205871265.
IRS exempt status needs review
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Raw 990 source linked
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Filing depth verified
13 stored filing years available.
Candid / GuideStar profile linked
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State charity registration linked
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85% program spend, health grade C
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| Metric | Value |
|---|---|
| Total Revenue | $365K |
| Total Expenses | $376K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $400,000. |
| Net Assets | $79K |
| Transparency Score | 90/100 |
Search Intent Cockpit
New 2 You Family Thrift Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
New 2 You Family Thrift Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New 2 You Family Thrift Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $374K and expenses of $376K.
Revenue and Expenses
New 2 You Family Thrift Inc reported $374K in revenue and $376K in expenses, a deficit of $2K.
Executive Compensation
Top officer compensation appears as $400,000. in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
90/100 mission score, 1 red flag, and 4 strengths are shown from structured and AI review.
Is New 2 You Family Thrift Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $319K (85%) |
Across stored filings, New 2 You Family Thrift Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 1 red flag identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade C | 13 stored filing years |
| Peer context | Compare with North American Lake Management Society | Minnesota and Human Services context |
Trust Check
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New 2 You Family Thrift Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New 2 You Family Thrift Inc
New 2 You Family Thrift Inc (EIN: 205871265) is a nonprofit organization based in North Mankato, MN, classified under NTEE code P29. The organization reported total revenue of $365K and total assets of $98K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New 2 You Family Thrift Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New 2 You Family Thrift Inc is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $374K |
| Total Expenses | $376K |
| Surplus / Deficit | $-1,694 |
| Total Assets | $84K |
| Total Liabilities | $5K |
| Net Assets | $79K |
| Operating Margin | -0.5% |
| Debt-to-Asset Ratio | 6.2% |
| Months of Reserves | 2.7 months |
Financial Health Grade: C
In 2023, New 2 You Family Thrift Inc reported a deficit of $2K with expenses exceeding revenue, holds 2.7 months of operating reserves (limited), has a debt-to-asset ratio of 6.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New 2 You Family Thrift Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.3% | +13.5% | +0.0% |
| 2022 | +18.8% | +22.5% | +26.2% |
| 2021 | +46.3% | +23.8% | +53.1% |
| 2020 | -11.7% | +0.8% | -25.6% |
| 2019 | +0.4% | -2.7% | +22.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
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 New 2 You Family Thrift Inc with a Mission Score of 90 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New 2 You Family Thrift Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.2%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly commendable for a small nonprofit with revenues under $400,000.
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 New 2 You Family Thrift Inc's IRS 990 filings:
- Occasional slight operational deficits (e.g., 202312: Expenses $375,647 > Revenue $373,953)
Strengths
The following positive indicators were identified for New 2 You Family Thrift Inc:
- Consistent revenue growth over the past decade
- 0% officer compensation reported across all filings, indicating high efficiency and mission focus
- Steady growth in assets, from $48,033 in 2014 to $83,839 in 2023
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance
Frequently Asked Questions about New 2 You Family Thrift Inc
Is New 2 You Family Thrift Inc a legitimate charity?
New 2 You Family Thrift Inc (EIN: 205871265) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $365K. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does New 2 You Family Thrift Inc spend its money?
New 2 You Family Thrift Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New 2 You Family Thrift Inc tax-deductible?
New 2 You Family Thrift Inc is registered as a tax-exempt nonprofit (EIN: 205871265). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New 2 You Family Thrift Inc CEO make?
New 2 You Family Thrift Inc's highest-compensated officer earns $400,000. annually. The organization reported $365K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New 2 You Family Thrift Inc's spending goes to programs?
New 2 You Family Thrift Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New 2 You Family Thrift Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New 2 You Family Thrift Inc is above average for NTEE category P29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New 2 You Family Thrift Inc located?
New 2 You Family Thrift Inc is headquartered in North Mankato, Minnesota and files with the IRS under EIN 205871265. It is classified under NTEE code P29.
How many years of IRS 990 filings does New 2 You Family Thrift Inc have?
New 2 You Family Thrift Inc has 13 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 $365K in total revenue.
Is New 2 You Family Thrift Inc a good charity?
Based on the available IRS 990 data, New 2 You Family Thrift Inc appears to be a good charity. It demonstrates consistent financial operations, growth in assets, and a strong commitment to its mission by reporting 0% officer compensation across all filings.
How has New 2 You Family Thrift Inc's revenue changed over time?
New 2 You Family Thrift Inc has shown significant revenue growth, increasing from $201,938 in 2014 to $373,953 in 2023, nearly doubling its revenue over the decade.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation in all available filings, indicating a volunteer-led or unpaid executive structure, which is a strong positive for directing funds to programs.
Filing History
IRS 990 filing history for New 2 You Family Thrift Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New 2 You Family Thrift Inc's revenue has grown by 63%, moving from $229K to $374K. Total assets increased by 127.3% over the same period, from $37K to $84K. Total functional expenses rose by 48.9%, from $252K to $376K. In its most recent filing year (2023), New 2 You Family Thrift Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $5K in liabilities against $84K in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $79K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $374K | $376K | $84K | $5K | — | — |
| 2022 | $349K | $331K | $84K | $3K | — | View 990 |
| 2021 | $293K | $270K | $66K | $4K | — | View 990 |
| 2020 | $200K | $218K | $43K | $4K | — | View 990 |
| 2019 | $227K | $216K | $58K | $770 | — | View 990 |
| 2018 | $226K | $222K | $48K | $706 | — | View 990 |
| 2017 | $207K | $209K | $50K | $7K | — | View 990 |
| 2016 | $214K | $216K | $46K | $1K | — | View 990 |
| 2015 | $211K | $207K | $49K | $2K | — | View 990 |
| 2014 | $202K | $208K | $48K | $5K | — | View 990 |
| 2013 | $203K | $210K | $53K | $4K | — | View 990 |
| 2012 | $235K | $215K | $60K | $3K | — | View 990 |
| 2011 | $229K | $252K | $37K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $374K, expenses of $376K, and assets of $84K (revenue +7.3% year-over-year).
- 2022: Revenue of $349K, expenses of $331K, and assets of $84K (revenue +18.8% year-over-year).
- 2021: Revenue of $293K, expenses of $270K, and assets of $66K (revenue +46.3% year-over-year).
- 2020: Revenue of $200K, expenses of $218K, and assets of $43K (revenue -11.7% year-over-year).
- 2019: Revenue of $227K, expenses of $216K, and assets of $58K (revenue +0.4% year-over-year).
- 2018: Revenue of $226K, expenses of $222K, and assets of $48K (revenue +9.1% year-over-year).
- 2017: Revenue of $207K, expenses of $209K, and assets of $50K (revenue -3.1% year-over-year).
- 2016: Revenue of $214K, expenses of $216K, and assets of $46K (revenue +1.3% year-over-year).
- 2015: Revenue of $211K, expenses of $207K, and assets of $49K (revenue +4.6% year-over-year).
- 2014: Revenue of $202K, expenses of $208K, and assets of $48K (revenue -0.4% year-over-year).
- 2013: Revenue of $203K, expenses of $210K, and assets of $53K (revenue -13.5% year-over-year).
- 2012: Revenue of $235K, expenses of $215K, and assets of $60K (revenue +2.2% year-over-year).
- 2011: Revenue of $229K, expenses of $252K, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New 2 You Family Thrift Inc:
Data Sources and Methodology
This transparency report for New 2 You Family Thrift 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.