New Cycle Foundation

New Cycle Foundation maintains over $11 million in assets with no reported officer compensation.

EIN: 133260471 · Danvers, MA · Updated: 2026-03-28

$2.2MRevenue

$11.9MAssets

85/100Mission Score (Excellent)

Is New Cycle Foundation Legit?

Some Concerns

GoodFiling Consistency

ExcellentSpending Efficiency

GoodTransparency

2 FoundRed Flags

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

New Cycle Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About New Cycle Foundation

New Cycle Foundation (EIN: 133260471) is a nonprofit organization based in Danvers, MA. The organization reported total revenue of $2.2M and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Cycle Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

New Cycle Foundation demonstrates consistent financial stability with substantial assets, averaging over $11 million across its filing history. The organization has shown a positive trend in revenue in recent years, with $1,304,205 in 2023 and $677,355 in 2022, following a period of more volatile income. Expenses have remained relatively stable, typically ranging between $500,000 and $1,000,000 annually. A notable aspect is the reported 0% officer compensation across all available filings, which suggests either a volunteer-led executive team or that compensation is reported under other expense categories, warranting further investigation for complete transparency. The organization's liabilities have consistently been very low, indicating a strong balance sheet and minimal debt burden.

The foundation's financial health appears robust, supported by its significant asset base and generally positive net income in recent periods. While specific program spending percentages are not provided in the summary data, the consistent operational expenses suggest ongoing activities. The absence of reported officer compensation is a significant factor in assessing spending efficiency and transparency; if executives are truly unpaid, it represents a highly efficient use of funds for leadership. However, without a detailed breakdown of expenses, it's challenging to fully assess the efficiency of program delivery versus administrative overhead. The consistent filing of IRS Form 990s indicates a commitment to regulatory transparency.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Cycle Foundation 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: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, New Cycle Foundation 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization with over $1 million in annual expenses and over $11 million in assets. This suggests either a fully volunteer executive leadership or that compensation is categorized differently, requiring deeper scrutiny for full transparency.

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 Cycle Foundation's IRS 990 filings:

0% officer compensation reported across all filings, which is highly unusual for an organization of this size and could indicate a lack of transparency in reporting executive pay.
Negative revenue reported in 2020 (-$14,685) without immediate explanation in summary data.

Strengths

The following positive indicators were identified for New Cycle Foundation:

Strong asset base, consistently over $11 million, providing financial stability.
Very low liabilities, indicating a healthy balance sheet and minimal debt.
Consistent filing of IRS Form 990s, demonstrating regulatory compliance.
Positive revenue trend in recent years (2022-2023) after some volatility.

Frequently Asked Questions about New Cycle Foundation

Is New Cycle Foundation a legitimate charity?

Based on AI analysis of IRS 990 filings, New Cycle Foundation (EIN: 133260471) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

How does New Cycle Foundation spend its money?

New Cycle Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.

Are donations to New Cycle Foundation tax-deductible?

New Cycle Foundation is registered as a tax-exempt nonprofit (EIN: 133260471). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.

How does New Cycle Foundation manage to operate with 0% reported officer compensation?

The IRS 990 data consistently shows 0% officer compensation. This could mean the executive leadership is entirely volunteer-based, or their compensation is reported under other expense lines, which would require reviewing the full 990 forms for clarification.

What are the specific programs New Cycle Foundation funds or operates?

The provided data does not detail the specific programs. To understand the mission and impact, one would need to consult the organization's website or the full IRS 990 forms, particularly Schedule O.

What caused the negative revenue in 2020 (-$14,685)?

Negative revenue can occur due to various reasons such as significant returns of contributions, investment losses, or adjustments from prior periods. A detailed review of the 2020 IRS 990 would be necessary to understand the specific cause.

How does the organization sustain its operations with fluctuating revenue?

New Cycle Foundation maintains a substantial asset base, consistently over $11 million. This significant endowment or investment fund likely provides a stable financial cushion, allowing the organization to cover expenses even during periods of lower or negative revenue, as seen in 2020.

Filing History

IRS 990 filing history for New Cycle Foundation showing financial trends over 10 years of public records:

Over 10 years of IRS 990 filings (2011–2023), New Cycle Foundation's revenue has grown by 260.9%, moving from $361K to $1.3M. Total assets increased by 3.9% over the same period, from $11.6M to $12.1M. Total functional expenses rose by 89.9%, from $546K to $1.0M. In its most recent filing year (2023), New Cycle Foundation reported a surplus of $268K, with revenue exceeding expenses. The organization holds $750 in liabilities against $12.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12.1M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$1.3M	$1.0M	$12.1M	$750	—	—
2022	$677K	$744K	$11.8M	$12K	—	View 990
2021	$985K	$766K	$11.9M	$12K	—	View 990
2020	$-14,685	$625K	$11.7M	$12K	—	View 990
2019	$163K	$580K	$12.3M	$12K	—	View 990
2015	$1.1M	$742K	$11.9M	$12K	—	View 990
2014	$1.3M	$759K	$11.6M	$12K	—	View 990
2013	$417K	$734K	$11.0M	$12K	—	View 990
2012	$483K	$786K	$11.3M	$0	—	View 990
2011	$361K	$546K	$11.6M	$9K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $1.3M, expenses of $1.0M, and assets of $12.1M (revenue +92.5% year-over-year).
2022: Revenue of $677K, expenses of $744K, and assets of $11.8M (revenue -31.2% year-over-year).
2021: Revenue of $985K, expenses of $766K, and assets of $11.9M.
2020: Revenue of $-14,685, expenses of $625K, and assets of $11.7M (revenue -109.0% year-over-year).
2019: Revenue of $163K, expenses of $580K, and assets of $12.3M (revenue -85.4% year-over-year).
2015: Revenue of $1.1M, expenses of $742K, and assets of $11.9M (revenue -15.9% year-over-year).
2014: Revenue of $1.3M, expenses of $759K, and assets of $11.6M (revenue +217.1% year-over-year).
2013: Revenue of $417K, expenses of $734K, and assets of $11.0M (revenue -13.7% year-over-year).
2012: Revenue of $483K, expenses of $786K, and assets of $11.3M (revenue +33.6% year-over-year).
2011: Revenue of $361K, expenses of $546K, and assets of $11.6M.

Data Sources and Methodology

This transparency report for New Cycle Foundation 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.