New Eyes For The Needy Inc
New Eyes For The Needy: Strong Mission, Volatile Revenue
EIN: 221539720 · Short Hills, NJ · Updated: 2026-04-04
About New Eyes For The Needy Inc
New Eyes For The Needy Inc (EIN: 221539720) is a nonprofit organization based in Short Hills, NJ. The organization reported total revenue of $1.3M and total assets of $4.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Eyes For The Needy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Eyes For The Needy Inc 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: 70%
- fundraising: 15%
According to IRS 990 filings, New Eyes For The Needy Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation appears reasonable, with the highest paid individual receiving $100,204 in 2024, which is appropriate for an organization of this size and 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 Eyes For The Needy Inc's IRS 990 filings:
- Revenue has been highly volatile, ranging from $561,257 in 2017 to $2,096,820 in 2023, making financial forecasting challenging.
- The organization's net assets decreased from $5,128,111 in 2023 to $4,796,421 in 2024, indicating a recent decline in financial health.
Strengths
The following positive indicators were identified for New Eyes For The Needy Inc:
- Consistently low fundraising costs, indicating efficient use of donor funds.
- Strong program spending, with a significant portion of expenses dedicated to direct services.
- Long operational history (since at least 2017 in provided data) demonstrates sustained commitment to their mission.
Frequently Asked Questions about New Eyes For The Needy Inc
What does New Eyes For The Needy Inc do?
New Eyes For The Needy Inc is a nonprofit organization in the Unknown sector, located in Short Hills, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Eyes For The Needy Inc have?
New Eyes For The Needy Inc reported total revenue of $1,287,037. Based on 13 IRS 990 filings on record.
What are New Eyes For The Needy Inc's total assets?
New Eyes For The Needy Inc holds total assets of $4,629,267 as reported in IRS 990 filings.
Where is New Eyes For The Needy Inc located?
New Eyes For The Needy Inc is based in Short Hills, New Jersey.
What is New Eyes For The Needy Inc's EIN?
New Eyes For The Needy Inc's Employer Identification Number (EIN) is 221539720. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Eyes For The Needy Inc?
New Eyes For The Needy Inc is classified under NTEE code Unknown (Unknown).
Is New Eyes For The Needy Inc a registered 501(c)(3)?
New Eyes For The Needy Inc appears in IRS records (EIN: 221539720). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Eyes For The Needy Inc file IRS Form 990?
Yes, New Eyes For The Needy Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202403.
What was New Eyes For The Needy Inc's revenue in 2024?
In the 202403 filing period, New Eyes For The Needy Inc reported total revenue of $432,711, total expenses of $1,314,285, and net assets of $4,796,421.
Is New Eyes For The Needy Inc's revenue growing or declining?
New Eyes For The Needy Inc's revenue is declining. Revenue went from $2,096,820 (202303) to $432,711 (202403), a -79.4% change. Based on 13 filings on record.
What is New Eyes For The Needy Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Eyes For The Needy Inc covers tax period 202403. It shows revenue of $432,711, expenses of $1,314,285, total assets of $4,796,421, and liabilities of $100,204.
How much does New Eyes For The Needy Inc spend on programs vs administration?
Based on IRS 990 analysis, New Eyes For The Needy Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is New Eyes For The Needy Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Eyes For The Needy Inc appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for New Eyes For The Needy Inc?
The following concerns were identified: Revenue has been highly volatile, ranging from $561,257 in 2017 to $2,096,820 in 2023, making financial forecasting challenging.. The organization's net assets decreased from $5,128,111 in 2023 to $4,796,421 in 2024, indicating a recent decline in financial health.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Eyes For The Needy Inc's strengths?
Positive indicators for New Eyes For The Needy Inc include: Consistently low fundraising costs, indicating efficient use of donor funds.. Strong program spending, with a significant portion of expenses dedicated to direct services.. Long operational history (since at least 2017 in provided data) demonstrates sustained commitment to their mission.. These findings are derived from AI analysis of the organization's financial filings.
How does New Eyes For The Needy Inc compensate executives?
Executive compensation appears reasonable, with the highest paid individual receiving $100,204 in 2024, which is appropriate for an organization of this size and revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does New Eyes For The Needy Inc manage its program delivery and outreach given the significant fluctuations in annual revenue?
The organization likely relies on a combination of stable grant funding, individual donations, and potentially a reserve fund to smooth out the impact of revenue volatility on its program delivery. The consistent program spending despite revenue changes suggests a strategic approach to resource allocation.
What specific strategies are in place to address the recent decline in net assets from 2023 to 2024?
While not explicitly stated in the provided data, a decline in net assets often prompts organizations to review investment strategies, fundraising efforts, and expense management. They may be implementing new campaigns or cost-saving measures to rebuild their financial reserves.
Filing History
IRS 990 filing history for New Eyes For The Needy Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), New Eyes For The Needy Inc's revenue has declined by 11%, moving from $486K to $433K. Total assets increased by 50.8% over the same period, from $3.2M to $4.8M. Total functional expenses rose by 129.1%, from $574K to $1.3M. In its most recent filing year (2024), New Eyes For The Needy Inc reported a deficit of $882K, with expenses exceeding revenue. The organization holds $100K in liabilities against $4.8M in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $4.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $433K | $1.3M | $4.8M | $100K | — | View 990 |
| 2023 | $2.1M | $1.3M | $5.1M | $81K | — | View 990 |
| 2022 | $1.2M | $876K | $5.1M | $65K | — | View 990 |
| 2021 | $794K | $580K | $5.0M | $61K | — | View 990 |
| 2020 | $833K | $803K | $3.8M | $39K | — | View 990 |
| 2019 | $686K | $614K | $4.1M | $50K | — | View 990 |
| 2018 | $655K | $532K | $4.1M | $44K | — | View 990 |
| 2017 | $561K | $635K | $3.7M | $965 | — | View 990 |
| 2016 | $1.2M | $796K | $3.6M | $0 | — | View 990 |
| 2015 | $624K | $593K | $3.5M | $0 | — | View 990 |
| 2014 | $597K | $569K | $3.5M | $0 | — | View 990 |
| 2013 | $651K | $607K | $3.3M | $263 | — | View 990 |
| 2012 | $486K | $574K | $3.2M | $434 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $433K, expenses of $1.3M, and assets of $4.8M (revenue -79.4% year-over-year).
- 2023: Revenue of $2.1M, expenses of $1.3M, and assets of $5.1M (revenue +76.2% year-over-year).
- 2022: Revenue of $1.2M, expenses of $876K, and assets of $5.1M (revenue +50.0% year-over-year).
- 2021: Revenue of $794K, expenses of $580K, and assets of $5.0M (revenue -4.8% year-over-year).
- 2020: Revenue of $833K, expenses of $803K, and assets of $3.8M (revenue +21.4% year-over-year).
- 2019: Revenue of $686K, expenses of $614K, and assets of $4.1M (revenue +4.8% year-over-year).
- 2018: Revenue of $655K, expenses of $532K, and assets of $4.1M (revenue +16.7% year-over-year).
- 2017: Revenue of $561K, expenses of $635K, and assets of $3.7M (revenue -53.7% year-over-year).
- 2016: Revenue of $1.2M, expenses of $796K, and assets of $3.6M (revenue +94.4% year-over-year).
- 2015: Revenue of $624K, expenses of $593K, and assets of $3.5M (revenue +4.5% year-over-year).
- 2014: Revenue of $597K, expenses of $569K, and assets of $3.5M (revenue -8.3% year-over-year).
- 2013: Revenue of $651K, expenses of $607K, and assets of $3.3M (revenue +33.8% year-over-year).
- 2012: Revenue of $486K, expenses of $574K, and assets of $3.2M.
Data Sources and Methodology
This transparency report for New Eyes For The Needy 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.