New Century Academy
New Century Academy consistently operates with liabilities exceeding assets, despite stable revenue and no reported officer compensation.
EIN: 20574622 · Hutchinson, MN · NTEE: B29 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $2.3M |
| Program Spending | 85% |
| Net Assets | $-364,884 |
| Transparency Score | 70/100 |
Search Intent Cockpit
New Century Academy Form 990, Revenue, CEO Pay, and IRS Filing Signals
New Century Academy 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 Century Academy in one place.
Form 990 Filing Summary
14 filing years are available, with latest revenue of $2.2M and expenses of $2.3M.
Revenue and Expenses
New Century Academy reported $2.2M in revenue and $2.3M in expenses, a deficit of $124K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 3 red flags, and 3 strengths are shown from structured and AI review.
Is New Century Academy 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 | $2.0M (85%) |
Across stored filings, New Century Academy shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 3 red flags identified |
| Mission spend | 85% to programs | Excellent |
| Financial durability | Grade C | 14 stored filing years |
| Peer context | Compare with North American Lake Management Society | Minnesota and Education context |
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Hutchinson, MN nonprofitsEducation in Minnesota
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New Century Academy directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Century Academy
New Century Academy (EIN: 20574622) is a nonprofit organization based in Hutchinson, MN, classified under NTEE code B29. The organization reported total revenue of $2.2M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Century Academy's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Century Academy is a mid-size nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $2.3M |
| Surplus / Deficit | $-123,553 |
| Total Assets | $1.3M |
| Total Liabilities | $1.6M |
| Net Assets | $-364,884 |
| Operating Margin | -5.6% |
| Debt-to-Asset Ratio | 128.9% |
| Months of Reserves | 6.5 months |
Financial Health Grade: C
In 2023, New Century Academy reported a deficit of $124K with expenses exceeding revenue, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 128.9% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), New Century Academy's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -26.8% | -16.6% | -79.7% |
| 2022 | +5.8% | +1.8% | +0.7% |
| 2021 | +15.1% | +11.6% | +229.1% |
| 2020 | -7.5% | +0.4% | -15.1% |
| 2019 | +16.4% | +7.4% | +5.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2002 |
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 Century Academy with a Mission Score of 70 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Century Academy 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 $124K, with expenses exceeding revenue.
- Debt-to-asset ratio: 128.9%.
Executive Compensation Analysis
New Century Academy consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size and revenue, suggesting either volunteer leadership or compensation is reported under other categories.
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 Century Academy's IRS 990 filings:
- Consistent liabilities exceeding assets, indicating potential financial instability (e.g., 202306: Liabilities $1,627,462 vs. Assets $1,262,578).
- Significant year-over-year fluctuations in assets and liabilities without clear explanation in the provided data (e.g., Assets dropped from $6.2M in 202206 to $1.2M in 202306).
- Operating deficits in some periods (e.g., 202306: Expenses $2,339,006 exceeded Revenue $2,215,453).
Strengths
The following positive indicators were identified for New Century Academy:
- Consistent revenue generation over $2 million annually.
- No reported officer compensation, suggesting low administrative overhead in this specific category.
- Long filing history (14 filings) indicates consistent compliance with IRS reporting requirements.
Frequently Asked Questions about New Century Academy
Is New Century Academy a legitimate charity?
New Century Academy (EIN: 20574622) is a registered tax-exempt nonprofit based in Minnesota. Our AI analysis gives it a Mission Score of 70/100. It has 14 years of IRS 990 filings on record. Total revenue: $2.2M. 3 red flags identified. 3 strengths noted. Financial health grade: C.
How does New Century Academy spend its money?
New Century Academy directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Century Academy tax-deductible?
New Century Academy is registered as a tax-exempt nonprofit (EIN: 20574622). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Century Academy's spending goes to programs?
New Century Academy directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Century Academy compare to similar nonprofits?
With a transparency score of 70/100 (Good), New Century Academy is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Century Academy located?
New Century Academy is headquartered in Hutchinson, Minnesota and files with the IRS under EIN 20574622. It is classified under NTEE code B29.
How many years of IRS 990 filings does New Century Academy have?
New Century Academy has 14 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 $2.2M in total revenue.
Why do liabilities consistently exceed assets for New Century Academy?
The filings show a recurring pattern, particularly in recent years (e.g., 202306: Liabilities $1,627,462 vs. Assets $1,262,578), where liabilities are greater than assets, suggesting potential financial instability or significant long-term debt.
What caused the significant fluctuation in assets and liabilities between 2021 and 2023?
Assets peaked at $6,229,646 in 202206 and then sharply declined to $1,262,578 in 202306, while liabilities followed a similar pattern. This drastic change requires further examination of the organization's financial statements to understand the underlying transactions.
How does New Century Academy operate without officer compensation?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization with over $2 million in annual revenue. This could indicate volunteer leadership, or that compensation is categorized differently within the financial statements.
Is New Century Academy financially sustainable given its asset-to-liability ratio?
The consistent negative net assets (liabilities exceeding assets) in recent years raise concerns about long-term financial sustainability and the organization's ability to cover its obligations without external support or significant operational changes.
Filing History
IRS 990 filing history for New Century Academy showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New Century Academy's revenue has grown by 38.5%, moving from $1.6M to $2.2M. Total assets increased by 118.8% over the same period, from $577K to $1.3M. Total functional expenses rose by 48.6%, from $1.6M to $2.3M. In its most recent filing year (2023), New Century Academy reported a deficit of $124K, with expenses exceeding revenue. The organization holds $1.6M in liabilities against $1.3M in assets (debt-to-asset ratio: 128.9%), resulting in net assets of $-364,884.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.2M | $2.3M | $1.3M | $1.6M | — | — |
| 2022 | $3.0M | $2.8M | $6.2M | $6.5M | — | View 990 |
| 2021 | $2.9M | $2.8M | $6.2M | $6.7M | — | View 990 |
| 2020 | $2.5M | $2.5M | $1.9M | $2.4M | — | View 990 |
| 2019 | $2.7M | $2.5M | $2.2M | $2.6M | — | View 990 |
| 2018 | $2.3M | $2.3M | $2.1M | $3.0M | — | View 990 |
| 2017 | $2.2M | $2.1M | $2.1M | $2.7M | — | View 990 |
| 2016 | $2.0M | $1.7M | $793K | $1.3M | — | View 990 |
| 2015 | $1.8M | $1.8M | $429K | $1.2M | — | View 990 |
| 2014 | $1.9M | $2.0M | $356K | $209K | — | View 990 |
| 2013 | $1.9M | $1.9M | $457K | $207K | — | View 990 |
| 2012 | $1.6M | $1.7M | $685K | $463K | — | View 990 |
| 2011 | $1.6M | $1.6M | $608K | $317K | — | View 990 |
| 2010 | $1.6M | $1.6M | $577K | $304K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.2M, expenses of $2.3M, and assets of $1.3M (revenue -26.8% year-over-year).
- 2022: Revenue of $3.0M, expenses of $2.8M, and assets of $6.2M (revenue +5.8% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.8M, and assets of $6.2M (revenue +15.1% year-over-year).
- 2020: Revenue of $2.5M, expenses of $2.5M, and assets of $1.9M (revenue -7.5% year-over-year).
- 2019: Revenue of $2.7M, expenses of $2.5M, and assets of $2.2M (revenue +16.4% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.3M, and assets of $2.1M (revenue +5.3% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.1M, and assets of $2.1M (revenue +12.1% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.7M, and assets of $793K (revenue +9.9% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $429K (revenue -6.0% year-over-year).
- 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $356K (revenue +0.5% year-over-year).
- 2013: Revenue of $1.9M, expenses of $1.9M, and assets of $457K (revenue +17.2% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.7M, and assets of $685K (revenue +0.8% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $608K (revenue -0.5% year-over-year).
- 2010: Revenue of $1.6M, expenses of $1.6M, and assets of $577K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Century Academy:
Data Sources and Methodology
This transparency report for New Century Academy 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.