New Eyes For The Needy Inc

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New Eyes For The Needy Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

New Eyes For The Needy Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New Eyes For The Needy Inc in one place.

Is New Eyes For The Needy Inc Legit?

Some Concerns

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

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Across stored filings, New Eyes For The Needy Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for New Eyes For The Needy Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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New Eyes For The Needy Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

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.

Organization Overview

New Eyes For The Needy Inc is a mid-size nonprofit that has been operating for 76 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of -1.0%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2024, New Eyes For The Needy Inc reported a deficit of $882K with expenses exceeding revenue, holds 43.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).

Financial Trends

Over 13 years of filings (2012–2024), New Eyes For The Needy Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.0%.

IRS Tax-Exempt Classification

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 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.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $882K, with expenses exceeding revenue.
• Debt-to-asset ratio: 2.1%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for New Eyes For The Needy Inc:

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.