New Community Project
New Community Project shows strong growth and no executive compensation, but experienced a deficit in 2023.
EIN: 200092504 · Blue Ridge, VA · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.3M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $410K |
| Transparency Score | 85/100 |
Is New Community Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Community Project directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Community Project
New Community Project (EIN: 200092504) is a nonprofit organization based in Blue Ridge, VA, classified under NTEE code S20. The organization reported total revenue of $1.6M and total assets of $819K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Community Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Community Project is a mid-size nonprofit that has been operating for 22 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 10.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.3M |
| Surplus / Deficit | $-224,475 |
| Total Assets | $506K |
| Total Liabilities | $96K |
| Net Assets | $410K |
| Operating Margin | -20.0% |
| Debt-to-Asset Ratio | 18.9% |
| Months of Reserves | 4.5 months |
Financial Health Grade: B
In 2023, New Community Project reported a deficit of $224K with expenses exceeding revenue, holds 4.5 months of operating reserves (adequate), has a debt-to-asset ratio of 18.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Community Project's revenue has grown at a compound annual growth rate (CAGR) of 10.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.5% | +39.6% | -30.8% |
| 2022 | -2.6% | +33.6% | +5.0% |
| 2021 | +122.7% | +48.5% | +189.3% |
| 2020 | +12.6% | +6.9% | -6.3% |
| 2019 | +19.2% | +23.0% | -10.8% |
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 New Community Project with a Mission Score of 85 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, New Community Project allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $224K, with expenses exceeding revenue.
- Debt-to-asset ratio: 18.9%.
Executive Compensation Analysis
Executive compensation is consistently reported at 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization of its size with over $1 million in annual revenue.
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 Community Project's IRS 990 filings:
- Expenses exceeded revenue in 2023 ($1,348,618 expenses vs. $1,124,143 revenue), leading to a deficit for that period.
Strengths
The following positive indicators were identified for New Community Project:
- Consistent 0% officer compensation, indicating high efficiency and dedication to mission.
- Significant revenue growth from $285,463 in 2016 to over $1.1 million in 2023.
- Strong asset growth, increasing from $173,603 in 2016 to $818,526 currently.
- Low liabilities across all reported periods, indicating financial stability.
- Long and consistent IRS 990 filing history (13 filings), demonstrating transparency and compliance.
Frequently Asked Questions about New Community Project
Is New Community Project a legitimate charity?
Based on AI analysis of IRS 990 filings, New Community Project (EIN: 200092504) some concerns. Mission Score: 85/100. 1 red flag identified, 5 strengths noted.
How does New Community Project spend its money?
New Community Project directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Community Project tax-deductible?
New Community Project is registered as a tax-exempt nonprofit (EIN: 200092504). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Community Project CEO make?
New Community Project's highest-compensated officer earns $1 annually. The organization reported $1.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Community Project's spending goes to programs?
New Community Project directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Community Project compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Community Project is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Community Project located?
New Community Project is headquartered in Blue Ridge, Virginia and files with the IRS under EIN 200092504. It is classified under NTEE code S20.
How many years of IRS 990 filings does New Community Project have?
New Community Project 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 $1.6M in total revenue.
Is New Community Project a good charity?
Based on the provided data, New Community Project appears to be a good charity, demonstrating strong financial growth, a commitment to its mission through 0% officer compensation, and a healthy asset base. However, the 2023 deficit should be monitored.
How has New Community Project's revenue changed over time?
New Community Project has experienced significant revenue growth, increasing from $285,463 in 2016 to $1,124,143 in 2023, with a peak of $1,570,715 in its latest reported revenue.
What is the trend in New Community Project's assets?
The organization's assets have shown a strong upward trend, growing from $173,603 in 2016 to $505,708 in 2023, and reaching $818,526 in its latest reported assets, indicating increasing financial capacity.
Did New Community Project operate at a surplus or deficit in recent years?
New Community Project operated at a surplus in 2021 ($1,064,063 revenue vs. $722,862 expenses) and 2022 ($1,035,941 revenue vs. $965,928 expenses), but incurred a deficit in 2023 ($1,124,143 revenue vs. $1,348,618 expenses).
Filing History
IRS 990 filing history for New Community Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Community Project's revenue has grown by 214.3%, moving from $358K to $1.1M. Total assets increased by 274.6% over the same period, from $135K to $506K. Total functional expenses rose by 400.9%, from $269K to $1.3M. In its most recent filing year (2023), New Community Project reported a deficit of $224K, with expenses exceeding revenue. The organization holds $96K in liabilities against $506K in assets (debt-to-asset ratio: 18.9%), resulting in net assets of $410K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.3M | $506K | $96K | — | — |
| 2022 | $1.0M | $966K | $731K | $110K | — | View 990 |
| 2021 | $1.1M | $723K | $696K | $10K | — | View 990 |
| 2020 | $478K | $487K | $241K | $2K | — | — |
| 2019 | $425K | $455K | $257K | $7K | — | View 990 |
| 2018 | $356K | $370K | $288K | $8K | — | View 990 |
| 2017 | $447K | $319K | $305K | $11K | — | View 990 |
| 2016 | $285K | $266K | $174K | $8K | — | View 990 |
| 2015 | $317K | $283K | $152K | $6K | — | View 990 |
| 2014 | $339K | $361K | $119K | $8K | — | View 990 |
| 2013 | $382K | $360K | $147K | $11K | — | View 990 |
| 2012 | $359K | $378K | $121K | $6K | — | View 990 |
| 2011 | $358K | $269K | $135K | $544 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.3M, and assets of $506K (revenue +8.5% year-over-year).
- 2022: Revenue of $1.0M, expenses of $966K, and assets of $731K (revenue -2.6% year-over-year).
- 2021: Revenue of $1.1M, expenses of $723K, and assets of $696K (revenue +122.7% year-over-year).
- 2020: Revenue of $478K, expenses of $487K, and assets of $241K (revenue +12.6% year-over-year).
- 2019: Revenue of $425K, expenses of $455K, and assets of $257K (revenue +19.2% year-over-year).
- 2018: Revenue of $356K, expenses of $370K, and assets of $288K (revenue -20.4% year-over-year).
- 2017: Revenue of $447K, expenses of $319K, and assets of $305K (revenue +56.7% year-over-year).
- 2016: Revenue of $285K, expenses of $266K, and assets of $174K (revenue -9.9% year-over-year).
- 2015: Revenue of $317K, expenses of $283K, and assets of $152K (revenue -6.7% year-over-year).
- 2014: Revenue of $339K, expenses of $361K, and assets of $119K (revenue -11.1% year-over-year).
- 2013: Revenue of $382K, expenses of $360K, and assets of $147K (revenue +6.3% year-over-year).
- 2012: Revenue of $359K, expenses of $378K, and assets of $121K (revenue +0.4% year-over-year).
- 2011: Revenue of $358K, expenses of $269K, and assets of $135K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Community Project:
Data Sources and Methodology
This transparency report for New Community Project 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.