New Futures Inc
New Futures Inc. shows consistent revenue growth and healthy surpluses, significantly increasing assets over the past decade.
EIN: 20525391 · Concord, NH · NTEE: F21 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $2.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2.7 |
| Net Assets | $3.0M |
| Transparency Score | 85/100 |
Is New Futures Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Futures Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Futures Inc
New Futures Inc (EIN: 20525391) is a nonprofit organization based in Concord, NH, classified under NTEE code F21. The organization reported total revenue of $3.0M and total assets of $5.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Futures Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Futures Inc is a mid-size nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 10.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.7M |
| Total Expenses | $2.2M |
| Surplus / Deficit | +$533K |
| Total Assets | $4.6M |
| Total Liabilities | $1.6M |
| Net Assets | $3.0M |
| Operating Margin | 19.6% |
| Debt-to-Asset Ratio | 35.6% |
| Months of Reserves | 25.3 months |
Financial Health Grade: A
In 2023, New Futures Inc reported a surplus of $533K with revenue exceeding expenses, holds 25.3 months of operating reserves (strong position), has a debt-to-asset ratio of 35.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), New Futures Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.2% | -5.1% | +10.0% |
| 2022 | -2.4% | +7.0% | +95.9% |
| 2021 | +16.7% | +8.9% | +24.6% |
| 2020 | +35.1% | -1.1% | +64.5% |
| 2019 | -8.6% | +11.6% | -17.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 2001 |
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 Futures 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: 80%
- fundraising: 5%
According to IRS 990 filings, New Futures Inc 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $533K, with revenue exceeding expenses.
- Debt-to-asset ratio: 35.6%.
Executive Compensation Analysis
The provided data consistently shows 0% officer compensation across all filings, which suggests either that no officers receive compensation or that compensation is categorized differently, requiring further investigation for a complete understanding of executive pay relative to the organization's size and $2.7 million in annual expenses.
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 Futures Inc's IRS 990 filings:
- Significant increase in liabilities from $90,882 in 2021 to $1,642,645 in 2023 without clear explanation in summary data.
- Consistent 0% officer compensation reported, which may obscure actual executive pay if categorized elsewhere.
Strengths
The following positive indicators were identified for New Futures Inc:
- Consistent revenue growth, from $994,984 in 2014 to $2,722,000 in 2023.
- Healthy operating surpluses in recent years, such as $532,824 in 2023 ($2,722,000 revenue - $2,189,176 expenses).
- Substantial asset growth, from $532,837 in 2014 to $4,614,790 in 2023, indicating strong financial health and capacity.
- Positive net assets, with assets significantly exceeding liabilities ($4,614,790 vs. $1,642,645 in 2023).
Frequently Asked Questions about New Futures Inc
Is New Futures Inc a legitimate charity?
New Futures Inc (EIN: 20525391) is a registered tax-exempt nonprofit based in New Hampshire. Our AI analysis gives it a Mission Score of 85/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.0M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does New Futures Inc spend its money?
New Futures Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Futures Inc tax-deductible?
New Futures Inc is registered as a tax-exempt nonprofit (EIN: 20525391). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Futures Inc CEO make?
New Futures Inc's highest-compensated officer earns $2.7 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Futures Inc's spending goes to programs?
New Futures Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Futures Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Futures Inc is above average for NTEE category F21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Futures Inc located?
New Futures Inc is headquartered in Concord, New Hampshire and files with the IRS under EIN 20525391. It is classified under NTEE code F21.
How many years of IRS 990 filings does New Futures Inc have?
New Futures Inc has 14 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 $3.0M in total revenue.
What is the breakdown of program, administrative, and fundraising expenses for New Futures Inc.?
Based on typical nonprofit benchmarks and the organization's healthy financial performance, an estimated breakdown would be 80% for programs, 15% for administration, and 5% for fundraising, though specific line-item data from the full 990 would provide precise figures.
Why has officer compensation consistently been reported as 0%?
This could indicate that officers are uncompensated, or that their compensation is reported under different categories (e.g., 'salaries and wages' for key employees) rather than specifically 'officer compensation' on the summary page of the 990. Further review of the full 990, Part VII, Section A would clarify this.
What caused the significant increase in liabilities from $90,882 in 2021 to $1,642,645 in 2023?
The substantial jump in liabilities warrants investigation. It could be due to new program initiatives, capital investments, or changes in accounting practices. Understanding the nature of these liabilities is crucial for a complete financial picture.
Filing History
IRS 990 filing history for New Futures Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New Futures Inc's revenue has grown by 285%, moving from $707K to $2.7M. Total assets increased by 697.3% over the same period, from $579K to $4.6M. Total functional expenses rose by 163.7%, from $830K to $2.2M. In its most recent filing year (2023), New Futures Inc reported a surplus of $533K, with revenue exceeding expenses. The organization holds $1.6M in liabilities against $4.6M in assets (debt-to-asset ratio: 35.6%), resulting in net assets of $3.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.7M | $2.2M | $4.6M | $1.6M | — | View 990 |
| 2022 | $2.7M | $2.3M | $4.2M | $1.8M | — | — |
| 2021 | $2.8M | $2.2M | $2.1M | $91K | — | View 990 |
| 2020 | $2.4M | $2.0M | $1.7M | $314K | — | View 990 |
| 2019 | $1.8M | $2.0M | $1.0M | $70K | — | View 990 |
| 2018 | $1.9M | $1.8M | $1.3M | $71K | — | View 990 |
| 2017 | $1.9M | $2.0M | $1.1M | $80K | — | View 990 |
| 2016 | $2.1M | $1.6M | $1.2M | $60K | — | View 990 |
| 2015 | $1.3M | $1.2M | $730K | $89K | — | View 990 |
| 2014 | $995K | $1.0M | $533K | $36K | — | View 990 |
| 2013 | $910K | $835K | $544K | $31K | — | View 990 |
| 2012 | $699K | $792K | $472K | $34K | — | View 990 |
| 2011 | $758K | $762K | $565K | $34K | — | View 990 |
| 2010 | $707K | $830K | $579K | $44K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.7M, expenses of $2.2M, and assets of $4.6M (revenue +0.2% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.3M, and assets of $4.2M (revenue -2.4% year-over-year).
- 2021: Revenue of $2.8M, expenses of $2.2M, and assets of $2.1M (revenue +16.7% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.0M, and assets of $1.7M (revenue +35.1% year-over-year).
- 2019: Revenue of $1.8M, expenses of $2.0M, and assets of $1.0M (revenue -8.6% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.8M, and assets of $1.3M (revenue +2.0% year-over-year).
- 2017: Revenue of $1.9M, expenses of $2.0M, and assets of $1.1M (revenue -9.0% year-over-year).
- 2016: Revenue of $2.1M, expenses of $1.6M, and assets of $1.2M (revenue +57.0% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $730K (revenue +33.3% year-over-year).
- 2014: Revenue of $995K, expenses of $1.0M, and assets of $533K (revenue +9.3% year-over-year).
- 2013: Revenue of $910K, expenses of $835K, and assets of $544K (revenue +30.2% year-over-year).
- 2012: Revenue of $699K, expenses of $792K, and assets of $472K (revenue -7.7% year-over-year).
- 2011: Revenue of $758K, expenses of $762K, and assets of $565K (revenue +7.2% year-over-year).
- 2010: Revenue of $707K, expenses of $830K, and assets of $579K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Futures Inc:
Data Sources and Methodology
This transparency report for New Futures 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.