New City Christian School
New City Christian School faces severe financial distress with a $333,550 deficit and zero assets in its latest filing.
EIN: 141921757 · Asheville, NC · NTEE: B20 · Updated: 2026-03-28
Is New City Christian School Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New City Christian School directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New City Christian School
New City Christian School (EIN: 141921757) is a nonprofit organization based in Asheville, NC, classified under NTEE code B20. The organization reported total revenue of $511K and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New City Christian School's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New City Christian School is a small nonprofit that has been operating for 19 years, with 10 years of IRS 990 filings on record (2011–2020). Revenue has grown at a compound annual rate of 9.5%.
Key Financial Metrics (2020)
From the most recent IRS 990 filing on record:
| Total Revenue | $511K |
| Total Expenses | $844K |
| Surplus / Deficit | $-333,550 |
| Total Assets | $0 |
| Net Assets | $0 |
| Operating Margin | -65.3% |
| Months of Reserves | 0.0 months |
Financial Health Grade: C
In 2020, New City Christian School reported a deficit of $334K with expenses exceeding revenue, holds 0.0 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2011–2020), New City Christian School's revenue has grown at a compound annual growth rate (CAGR) of 9.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2020 | -24.8% | +36.4% | -100.0% |
| 2019 | +17.9% | +11.7% | +21.5% |
| 2018 | +5.9% | -3.9% | +7.9% |
| 2017 | -0.5% | +7.4% | -12.4% |
| 2016 | +5.9% | +16.1% | +6.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2007 |
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 City Christian School with a Mission Score of 45 out of 100 (Fair). 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, New City Christian School 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 (2020)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $334K, with expenses exceeding revenue.
Executive Compensation Analysis
New City Christian School consistently reports 0% officer compensation across all ten years of available filings, indicating a strong commitment to directing funds towards its mission rather than executive salaries.
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 City Christian School's IRS 990 filings:
- Significant operating deficit of $333,550 in 202006 (Expenses $844,362 vs. Revenue $510,812).
- Complete depletion of assets from $342,080 in 201906 to $0 in 202006.
- Substantial increase in expenses (over $225,000) from 201906 to 202006 without a corresponding revenue increase.
- Negative net assets in the latest filing due to zero assets and potential liabilities (though liabilities are reported as $0, the deficit implies a negative fund balance).
Strengths
The following positive indicators were identified for New City Christian School:
- Consistent reporting of 0% officer compensation across all ten years, indicating strong financial stewardship in executive pay.
- Historically operated with a surplus or near break-even for most of the decade prior to 202006.
- Demonstrated growth in revenue from $225,746 in 201106 to over $500,000 in later years (prior to the 202006 decline).
Frequently Asked Questions about New City Christian School
Is New City Christian School a legitimate charity?
Based on AI analysis of IRS 990 filings, New City Christian School (EIN: 141921757) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does New City Christian School spend its money?
New City Christian School directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New City Christian School tax-deductible?
New City Christian School is registered as a tax-exempt nonprofit (EIN: 141921757). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What caused the significant increase in expenses from $619,080 in 201906 to $844,362 in 202006?
The provided data does not specify the reasons for this substantial increase in expenses, which led to a significant operating deficit.
Why did the organization's assets decrease from $342,080 in 201906 to $0 in 202006?
The filings indicate a complete depletion of assets in the latest period, but the specific cause for this drastic reduction is not detailed in the provided summary.
How does New City Christian School plan to address the $333,550 operating deficit reported in 202006?
The provided IRS 990 data does not include strategic plans or explanations for addressing financial deficits.
What is the long-term sustainability plan given the current financial state of zero assets and a large deficit?
The available financial data highlights a critical sustainability challenge, but does not offer insights into the organization's long-term plans.
Filing History
IRS 990 filing history for New City Christian School showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2020), New City Christian School's revenue has grown by 126.3%, moving from $226K to $511K. Total assets decreased by 100% over the same period, from $113K to $0. Total functional expenses rose by 319%, from $202K to $844K. In its most recent filing year (2020), New City Christian School reported a deficit of $334K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2020 | $511K | $844K | $0 | $0 | — | View 990 |
| 2019 | $680K | $619K | $342K | $1K | — | View 990 |
| 2018 | $577K | $554K | $282K | $1K | — | View 990 |
| 2017 | $544K | $577K | $261K | $3K | — | View 990 |
| 2016 | $547K | $537K | $298K | $7K | — | View 990 |
| 2015 | $517K | $463K | $281K | $0 | — | View 990 |
| 2014 | $475K | $438K | $227K | $0 | — | View 990 |
| 2013 | $428K | $422K | $191K | $2K | — | View 990 |
| 2012 | $338K | $310K | $190K | $7K | — | View 990 |
| 2011 | $226K | $202K | $113K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2020: Revenue of $511K, expenses of $844K, and assets of $0 (revenue -24.8% year-over-year).
- 2019: Revenue of $680K, expenses of $619K, and assets of $342K (revenue +17.9% year-over-year).
- 2018: Revenue of $577K, expenses of $554K, and assets of $282K (revenue +5.9% year-over-year).
- 2017: Revenue of $544K, expenses of $577K, and assets of $261K (revenue -0.5% year-over-year).
- 2016: Revenue of $547K, expenses of $537K, and assets of $298K (revenue +5.9% year-over-year).
- 2015: Revenue of $517K, expenses of $463K, and assets of $281K (revenue +8.7% year-over-year).
- 2014: Revenue of $475K, expenses of $438K, and assets of $227K (revenue +11.2% year-over-year).
- 2013: Revenue of $428K, expenses of $422K, and assets of $191K (revenue +26.7% year-over-year).
- 2012: Revenue of $338K, expenses of $310K, and assets of $190K (revenue +49.5% year-over-year).
- 2011: Revenue of $226K, expenses of $202K, and assets of $113K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New City Christian School:
Data Sources and Methodology
This transparency report for New City Christian School 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.