New City Kids Inc
EIN: 223529691 · Grand Rapids, MI · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $6.0M |
| Total Expenses | $7.9M |
| Net Assets | $6.7M |
Is New City Kids Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New City Kids Inc
New City Kids Inc (EIN: 223529691) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code O50. The organization reported total revenue of $6.0M and total assets of $9.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New City Kids Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New City Kids Inc is a mid-size nonprofit that has been operating for 26 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 19.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.1M |
| Total Expenses | $7.9M |
| Surplus / Deficit | $-1,849,781 |
| Total Assets | $9.8M |
| Total Liabilities | $3.1M |
| Net Assets | $6.7M |
| Operating Margin | -30.5% |
| Debt-to-Asset Ratio | 31.7% |
| Months of Reserves | 14.8 months |
Financial Health Grade: B
In 2024, New City Kids Inc reported a deficit of $1.8M with expenses exceeding revenue, holds 14.8 months of operating reserves (strong position), has a debt-to-asset ratio of 31.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), New City Kids Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -52.1% | +2.7% | +5.7% |
| 2023 | +68.5% | +8.3% | +112.6% |
| 2022 | +18.6% | +47.4% | +17.0% |
| 2021 | +27.9% | +14.0% | +20.4% |
| 2020 | +30.8% | +11.4% | +105.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New City Kids Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New City Kids Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $1.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 31.7%.
Frequently Asked Questions about New City Kids Inc
Is New City Kids Inc a legitimate charity?
New City Kids Inc (EIN: 223529691) is a registered tax-exempt nonprofit based in Michigan. It has 14 years of IRS 990 filings on record. Total revenue: $6.0M. No red flags identified. Financial health grade: B.
How does New City Kids Inc spend its money?
New City Kids Inc reported $6.0M in total revenue in IRS 990 filings. 14 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New City Kids Inc tax-deductible?
New City Kids Inc is registered as a tax-exempt nonprofit (EIN: 223529691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New City Kids Inc located?
New City Kids Inc is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 223529691. It is classified under NTEE code O50.
How many years of IRS 990 filings does New City Kids Inc have?
New City Kids Inc 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 $6.0M in total revenue.
Filing History
IRS 990 filing history for New City Kids Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), New City Kids Inc's revenue has grown by 864.7%, moving from $629K to $6.1M. Total assets increased by 10746% over the same period, from $90K to $9.8M. Total functional expenses rose by 1167%, from $625K to $7.9M. In its most recent filing year (2024), New City Kids Inc reported a deficit of $1.8M, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $9.8M in assets (debt-to-asset ratio: 31.7%), resulting in net assets of $6.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $6.1M | $7.9M | $9.8M | $3.1M | — | View 990 |
| 2023 | $12.7M | $7.7M | $9.2M | $745K | — | — |
| 2022 | $7.5M | $7.1M | $4.3M | $494K | — | View 990 |
| 2021 | $6.3M | $4.8M | $3.7M | $107K | — | View 990 |
| 2020 | $5.0M | $4.2M | $3.1M | $986K | — | View 990 |
| 2019 | $3.8M | $3.8M | $1.5M | $121K | — | View 990 |
| 2018 | $2.9M | $3.0M | $1.5M | $143K | — | View 990 |
| 2017 | $2.9M | $2.4M | $1.6M | $121K | — | View 990 |
| 2016 | $2.3M | $1.9M | $1.0M | $5K | — | View 990 |
| 2015 | $1.6M | $1.3M | $701K | $36K | — | View 990 |
| 2014 | $1.4M | $1.2M | $571K | $50K | — | View 990 |
| 2013 | $1.0M | $849K | $308K | $12K | — | View 990 |
| 2012 | $380K | $334K | $139K | $7K | — | View 990 |
| 2011 | $629K | $625K | $90K | $4K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $6.1M, expenses of $7.9M, and assets of $9.8M (revenue -52.1% year-over-year).
- 2023: Revenue of $12.7M, expenses of $7.7M, and assets of $9.2M (revenue +68.5% year-over-year).
- 2022: Revenue of $7.5M, expenses of $7.1M, and assets of $4.3M (revenue +18.6% year-over-year).
- 2021: Revenue of $6.3M, expenses of $4.8M, and assets of $3.7M (revenue +27.9% year-over-year).
- 2020: Revenue of $5.0M, expenses of $4.2M, and assets of $3.1M (revenue +30.8% year-over-year).
- 2019: Revenue of $3.8M, expenses of $3.8M, and assets of $1.5M (revenue +31.6% year-over-year).
- 2018: Revenue of $2.9M, expenses of $3.0M, and assets of $1.5M (revenue +0.2% year-over-year).
- 2017: Revenue of $2.9M, expenses of $2.4M, and assets of $1.6M (revenue +27.6% year-over-year).
- 2016: Revenue of $2.3M, expenses of $1.9M, and assets of $1.0M (revenue +41.7% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.3M, and assets of $701K (revenue +13.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.2M, and assets of $571K (revenue +38.4% year-over-year).
- 2013: Revenue of $1.0M, expenses of $849K, and assets of $308K (revenue +167.2% year-over-year).
- 2012: Revenue of $380K, expenses of $334K, and assets of $139K (revenue -39.6% year-over-year).
- 2011: Revenue of $629K, expenses of $625K, and assets of $90K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New City Kids Inc:
Data Sources and Methodology
This transparency report for New City Kids 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.