New Generation Inc
New Generation Inc. shows declining revenue but stable assets and zero officer compensation over the past decade.
EIN: 20409655 · Greenland, NH · NTEE: P450 · Updated: 2026-03-28
Is New Generation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Generation Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Generation Inc
New Generation Inc (EIN: 20409655) is a nonprofit organization based in Greenland, NH, classified under NTEE code P450. The organization reported total revenue of $520K and total assets of $660K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Generation 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 Generation Inc with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, New Generation Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all nine years of filings, indicating that no officers received compensation from the organization. This is a significant positive for a nonprofit of its size, demonstrating a strong commitment to directing funds towards its mission rather than executive salaries.
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 Generation Inc's IRS 990 filings:
- Consistent decline in revenue over the past decade, potentially indicating reduced operational scale or funding challenges.
Strengths
The following positive indicators were identified for New Generation Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive pay.
- Healthy asset-to-liability ratio, demonstrating financial stability.
- Long history of IRS 990 filings (9 filings), indicating transparency and consistent operation.
- Expenses generally kept below revenue in recent years (e.g., 2019: Revenue $479,410, Expenses $423,090), suggesting responsible financial management.
Frequently Asked Questions about New Generation Inc
Is New Generation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Generation Inc (EIN: 20409655) some concerns. Mission Score: 80/100. 1 red flag identified, 4 strengths noted.
How does New Generation Inc spend its money?
New Generation Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Generation Inc tax-deductible?
New Generation Inc is registered as a tax-exempt nonprofit (EIN: 20409655). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is New Generation Inc. a good charity?
Based on the available data, New Generation Inc. appears to be a good charity. It has a long history of IRS filings, maintains a healthy asset-to-liability ratio, and notably reports 0% officer compensation, suggesting a strong dedication to its mission and efficient use of funds.
What is the trend in New Generation Inc.'s revenue?
New Generation Inc.'s revenue has shown a significant downward trend over the past decade, decreasing from $905,869 in 2012 to $479,410 in 2019, and currently at $519,632.
How does New Generation Inc.'s asset base compare to its liabilities?
New Generation Inc. maintains a strong asset base relative to its liabilities. For example, in 2019, assets were $636,843 against liabilities of $284,231, and currently, assets are $659,591, indicating good financial stability.
Filing History
IRS 990 filing history for New Generation Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2019), New Generation Inc's revenue has declined by 43.8%, moving from $853K to $479K. Total assets decreased by 2% over the same period, from $650K to $637K. Total functional expenses fell by 53.7%, from $914K to $423K. In its most recent filing year (2019), New Generation Inc reported a surplus of $56K, with revenue exceeding expenses. The organization holds $284K in liabilities against $637K in assets (debt-to-asset ratio: 44.6%), resulting in net assets of $353K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2019 | $479K | $423K | $637K | $284K | — | View 990 |
| 2018 | $397K | $383K | $589K | $300K | — | View 990 |
| 2017 | $375K | $353K | $585K | $313K | — | View 990 |
| 2016 | $273K | $320K | $564K | $322K | — | View 990 |
| 2015 | $773K | $808K | $622K | $342K | — | View 990 |
| 2014 | $862K | $809K | $670K | $351K | — | View 990 |
| 2013 | $881K | $932K | $619K | $355K | — | View 990 |
| 2012 | $906K | $846K | $681K | $365K | — | View 990 |
| 2011 | $853K | $914K | $650K | $394K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $479K, expenses of $423K, and assets of $637K (revenue +20.9% year-over-year).
- 2018: Revenue of $397K, expenses of $383K, and assets of $589K (revenue +5.8% year-over-year).
- 2017: Revenue of $375K, expenses of $353K, and assets of $585K (revenue +37.1% year-over-year).
- 2016: Revenue of $273K, expenses of $320K, and assets of $564K (revenue -64.6% year-over-year).
- 2015: Revenue of $773K, expenses of $808K, and assets of $622K (revenue -10.3% year-over-year).
- 2014: Revenue of $862K, expenses of $809K, and assets of $670K (revenue -2.2% year-over-year).
- 2013: Revenue of $881K, expenses of $932K, and assets of $619K (revenue -2.8% year-over-year).
- 2012: Revenue of $906K, expenses of $846K, and assets of $681K (revenue +6.2% year-over-year).
- 2011: Revenue of $853K, expenses of $914K, and assets of $650K.
Data Sources and Methodology
This transparency report for New Generation 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.