New Destiny Family Success Centers Inc
New Destiny Family Success Centers Inc shows consistent growth and no reported executive compensation over a decade.
EIN: 208485917 · Paterson, NJ · NTEE: P28 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.1M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $128K |
| Transparency Score | 90/100 |
Is New Destiny Family Success Centers Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Destiny Family Success Centers Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Destiny Family Success Centers Inc
New Destiny Family Success Centers Inc (EIN: 208485917) is a nonprofit organization based in Paterson, NJ, classified under NTEE code P28. The organization reported total revenue of $1.4M and total assets of $551K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Destiny Family Success Centers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Destiny Family Success Centers Inc is a mid-size nonprofit that has been operating for 16 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 60.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-24,570 |
| Total Assets | $180K |
| Total Liabilities | $52K |
| Net Assets | $128K |
| Operating Margin | -2.3% |
| Debt-to-Asset Ratio | 28.9% |
| Months of Reserves | 2.0 months |
Financial Health Grade: C
In 2023, New Destiny Family Success Centers Inc reported a deficit of $25K with expenses exceeding revenue, holds 2.0 months of operating reserves (limited), has a debt-to-asset ratio of 28.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Destiny Family Success Centers Inc's revenue has grown at a compound annual growth rate (CAGR) of 60.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +5.9% | -17.8% |
| 2022 | +19.0% | +42.6% | -6.4% |
| 2021 | +29.9% | +6.4% | +16.2% |
| 2020 | +7.3% | +24.0% | +28.3% |
| 2019 | +28.3% | +23.4% | +99.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2010 |
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 Destiny Family Success Centers Inc with a Mission Score of 90 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, New Destiny Family Success Centers Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. 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 $25K, with expenses exceeding revenue.
- Debt-to-asset ratio: 28.9%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that no salaries were paid to officers, directors, or key employees. This is highly unusual for an organization of its size, with revenues exceeding $1 million, and suggests a strong commitment to directing all funds towards its mission.
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 Destiny Family Success Centers Inc's IRS 990 filings:
- Slight deficit in latest two reporting periods (202306: Expenses $1,098,037 > Revenue $1,073,467; 202206: Expenses $1,037,055 > Revenue $1,010,026)
Strengths
The following positive indicators were identified for New Destiny Family Success Centers Inc:
- Consistent revenue growth over a decade, from $330,481 in 2014 to $1,073,467 in 2023.
- Zero reported officer compensation across all 13 filings, indicating high dedication of funds to programs.
- Strong transparency with 13 consistent IRS 990 filings.
- Growing asset base, from $15,378 in 2015 to $180,054 in 2023, enhancing financial stability.
Frequently Asked Questions about New Destiny Family Success Centers Inc
Is New Destiny Family Success Centers Inc a legitimate charity?
New Destiny Family Success Centers Inc (EIN: 208485917) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. 1 red flag identified. 4 strengths noted. Financial health grade: C.
How does New Destiny Family Success Centers Inc spend its money?
New Destiny Family Success Centers Inc directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to New Destiny Family Success Centers Inc tax-deductible?
New Destiny Family Success Centers Inc is registered as a tax-exempt nonprofit (EIN: 208485917). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Destiny Family Success Centers Inc CEO make?
New Destiny Family Success Centers Inc's highest-compensated officer earns $1 annually. The organization reported $1.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
How does New Destiny Family Success Centers Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New Destiny Family Success Centers Inc is above average for NTEE category P28 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Destiny Family Success Centers Inc located?
New Destiny Family Success Centers Inc is headquartered in Paterson, New Jersey and files with the IRS under EIN 208485917. It is classified under NTEE code P28.
How many years of IRS 990 filings does New Destiny Family Success Centers Inc have?
New Destiny Family Success Centers Inc 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 $1.4M in total revenue.
Is New Destiny Family Success Centers Inc a good charity?
Based on the provided data, New Destiny Family Success Centers Inc appears to be a good charity. It demonstrates consistent growth, strong financial transparency with 13 filings, and notably, reports 0% officer compensation, suggesting a high dedication of funds to its mission.
How has the organization's revenue grown over time?
The organization's revenue has shown significant growth, increasing from $330,481 in 2014 to $1,073,467 in 2023, indicating a substantial expansion of its operations and funding.
What is the trend in the organization's assets?
Assets have generally trended upwards, from $15,378 in 2015 to $180,054 in 2023, suggesting a growing financial base and capacity.
Does the organization have any executive compensation?
No, the organization has consistently reported 0% officer compensation across all 13 available IRS 990 filings, which is a significant positive indicator of resource allocation.
Filing History
IRS 990 filing history for New Destiny Family Success Centers Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Destiny Family Success Centers Inc's revenue has grown by 29062.4%, moving from $4K to $1.1M. Total assets increased by 18005300% over the same period, from $1 to $180K. Total functional expenses rose by 11800.3%, from $9K to $1.1M. In its most recent filing year (2023), New Destiny Family Success Centers Inc reported a deficit of $25K, with expenses exceeding revenue. The organization holds $52K in liabilities against $180K in assets (debt-to-asset ratio: 28.9%), resulting in net assets of $128K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.1M | $180K | $52K | — | View 990 |
| 2022 | $1.0M | $1.0M | $219K | $66K | — | View 990 |
| 2021 | $849K | $727K | $234K | $55K | — | View 990 |
| 2020 | $653K | $684K | $201K | $144K | — | View 990 |
| 2019 | $609K | $551K | $157K | $83K | — | View 990 |
| 2018 | $474K | $447K | $79K | $69K | — | View 990 |
| 2017 | $561K | $618K | $83K | $179K | — | View 990 |
| 2016 | $497K | $491K | $63K | $68K | — | View 990 |
| 2015 | $431K | $437K | $15K | $27K | — | View 990 |
| 2014 | $330K | $321K | $36K | $41K | — | View 990 |
| 2013 | $306K | $316K | $23K | $37K | — | View 990 |
| 2012 | $218K | $222K | $14K | $18K | — | View 990 |
| 2011 | $4K | $9K | $1 | $153 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.1M, and assets of $180K (revenue +6.3% year-over-year).
- 2022: Revenue of $1.0M, expenses of $1.0M, and assets of $219K (revenue +19.0% year-over-year).
- 2021: Revenue of $849K, expenses of $727K, and assets of $234K (revenue +29.9% year-over-year).
- 2020: Revenue of $653K, expenses of $684K, and assets of $201K (revenue +7.3% year-over-year).
- 2019: Revenue of $609K, expenses of $551K, and assets of $157K (revenue +28.3% year-over-year).
- 2018: Revenue of $474K, expenses of $447K, and assets of $79K (revenue -15.4% year-over-year).
- 2017: Revenue of $561K, expenses of $618K, and assets of $83K (revenue +12.8% year-over-year).
- 2016: Revenue of $497K, expenses of $491K, and assets of $63K (revenue +15.3% year-over-year).
- 2015: Revenue of $431K, expenses of $437K, and assets of $15K (revenue +30.5% year-over-year).
- 2014: Revenue of $330K, expenses of $321K, and assets of $36K (revenue +8.0% year-over-year).
- 2013: Revenue of $306K, expenses of $316K, and assets of $23K (revenue +40.1% year-over-year).
- 2012: Revenue of $218K, expenses of $222K, and assets of $14K (revenue +5835.1% year-over-year).
- 2011: Revenue of $4K, expenses of $9K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Destiny Family Success Centers Inc:
Data Sources and Methodology
This transparency report for New Destiny Family Success Centers 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.