New Economy Project
New Economy Project maintains strong assets and reports no officer compensation across all filings.
EIN: 133842270 · New York, NY · NTEE: S31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.9M |
| Total Expenses | $2.2M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $9 |
| Net Assets | $7.3M |
| Transparency Score | 92/100 |
Is New Economy Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Economy Project directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Economy Project
New Economy Project (EIN: 133842270) is a nonprofit organization based in New York, NY, classified under NTEE code S31. The organization reported total revenue of $3.9M and total assets of $8.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Economy Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Economy Project is a mid-size nonprofit that has been operating for 30 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $2.2M |
| Surplus / Deficit | $-152,720 |
| Total Assets | $7.3M |
| Total Liabilities | $75K |
| Net Assets | $7.3M |
| Operating Margin | -7.6% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 40.8 months |
Financial Health Grade: B
In 2023, New Economy Project reported a deficit of $153K with expenses exceeding revenue, holds 40.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Economy Project's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -21.1% | +20.4% | -2.1% |
| 2022 | +43.7% | +18.3% | +7.6% |
| 2021 | +12.5% | -18.1% | +4.2% |
| 2020 | -4.9% | +1.3% | -1.2% |
| 2019 | +25.6% | +7.4% | -2.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1996 |
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 Economy Project with a Mission Score of 92 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 Economy 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 $153K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization, which is highly unusual for an organization of this size with assets nearing $9 million.
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 Economy Project's IRS 990 filings:
- Unusually low reported liabilities relative to assets, which could warrant further investigation into financial structure, though generally positive.
- Significant fluctuations in annual revenue, which could pose challenges for long-term planning if not managed with robust reserves.
Strengths
The following positive indicators were identified for New Economy Project:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
- Strong and growing asset base, reaching $8,893,886, providing financial stability.
- Low liabilities relative to assets, suggesting minimal debt and strong financial management.
- Often operates with a surplus (e.g., $2,539,843 revenue vs. $1,791,931 expenses in 2022), indicating effective expense control.
- Long filing history (13 filings) demonstrates sustained operation and transparency.
Frequently Asked Questions about New Economy Project
Is New Economy Project a legitimate charity?
New Economy Project (EIN: 133842270) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.9M. 2 red flags identified. 5 strengths noted. Financial health grade: B.
How does New Economy Project spend its money?
New Economy Project directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to New Economy Project tax-deductible?
New Economy Project is registered as a tax-exempt nonprofit (EIN: 133842270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Economy Project CEO make?
New Economy Project's highest-compensated officer earns $9 annually. The organization reported $3.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Economy Project's spending goes to programs?
New Economy Project directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Economy Project compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), New Economy Project is above average for NTEE category S31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Economy Project located?
New Economy Project is headquartered in New York, New York and files with the IRS under EIN 133842270. It is classified under NTEE code S31.
How many years of IRS 990 filings does New Economy Project have?
New Economy 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 $3.9M in total revenue.
Is New Economy Project a good charity?
Based on the financial data, New Economy Project appears to be a very good charity. They consistently report 0% officer compensation, maintain strong assets, and manage expenses effectively, indicating a strong commitment to their mission and efficient use of funds.
How has New Economy Project's revenue trended over time?
New Economy Project's revenue has fluctuated, with a high of $3,216,024 in 2016, a dip to $1,315,459 in 2018, and a recent increase to $2,539,843 in 2022, followed by $2,004,097 in 2023. This suggests a variable funding environment but overall resilience.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation is highly significant. It means that no officers, directors, or trustees received compensation from the organization, which is a strong indicator of financial efficiency and a dedication to directing funds towards programmatic activities rather than executive salaries.
Are their assets growing?
Yes, New Economy Project's assets have shown consistent growth, increasing from $5,075,953 in 2015 to $8,893,886 in the latest period, demonstrating strong financial health and accumulation of resources.
Filing History
IRS 990 filing history for New Economy Project showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Economy Project's revenue has grown by 23.9%, moving from $1.6M to $2.0M. Total assets increased by 84.6% over the same period, from $4.0M to $7.3M. Total functional expenses rose by 39.1%, from $1.6M to $2.2M. In its most recent filing year (2023), New Economy Project reported a deficit of $153K, with expenses exceeding revenue. The organization holds $75K in liabilities against $7.3M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.0M | $2.2M | $7.3M | $75K | — | View 990 |
| 2022 | $2.5M | $1.8M | $7.5M | $78K | — | View 990 |
| 2021 | $1.8M | $1.5M | $7.0M | $298K | — | View 990 |
| 2020 | $1.6M | $1.8M | $6.7M | $282K | — | View 990 |
| 2019 | $1.7M | $1.8M | $6.8M | $84K | — | View 990 |
| 2018 | $1.3M | $1.7M | $6.9M | $67K | — | View 990 |
| 2017 | $1.6M | $1.4M | $7.3M | $94K | — | View 990 |
| 2016 | $3.2M | $1.2M | $7.1M | $59K | — | View 990 |
| 2015 | $1.2M | $1.3M | $5.1M | $66K | — | View 990 |
| 2014 | $1.3M | $1.5M | $5.1M | $60K | — | View 990 |
| 2013 | $2.7M | $1.7M | $5.5M | $45K | — | View 990 |
| 2012 | $2.0M | $1.5M | $4.4M | $63K | — | View 990 |
| 2011 | $1.6M | $1.6M | $4.0M | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.0M, expenses of $2.2M, and assets of $7.3M (revenue -21.1% year-over-year).
- 2022: Revenue of $2.5M, expenses of $1.8M, and assets of $7.5M (revenue +43.7% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.5M, and assets of $7.0M (revenue +12.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.8M, and assets of $6.7M (revenue -4.9% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.8M, and assets of $6.8M (revenue +25.6% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.7M, and assets of $6.9M (revenue -19.7% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.4M, and assets of $7.3M (revenue -49.1% year-over-year).
- 2016: Revenue of $3.2M, expenses of $1.2M, and assets of $7.1M (revenue +161.3% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.3M, and assets of $5.1M (revenue -1.8% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.5M, and assets of $5.1M (revenue -53.9% year-over-year).
- 2013: Revenue of $2.7M, expenses of $1.7M, and assets of $5.5M (revenue +37.6% year-over-year).
- 2012: Revenue of $2.0M, expenses of $1.5M, and assets of $4.4M (revenue +22.2% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Economy Project:
Data Sources and Methodology
This transparency report for New Economy 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.