New Generations Foundation Inc
EIN: 833129647 · Alpharetta, GA · NTEE: P99
| Metric | Value |
|---|---|
| Total Revenue | $845K |
| Total Expenses | $86K |
| Net Assets | $19K |
Is New Generations Foundation Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Generations Foundation Inc
New Generations Foundation Inc (EIN: 833129647) is a nonprofit organization based in Alpharetta, GA, classified under NTEE code P99. The organization reported total revenue of $845K and total assets of $57K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Generations Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Generations Foundation Inc is a small nonprofit that has been operating for 7 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of 16.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $87K |
| Total Expenses | $86K |
| Surplus / Deficit | +$835 |
| Total Assets | $19K |
| Net Assets | $19K |
| Operating Margin | 1.0% |
| Months of Reserves | 2.6 months |
Financial Health Grade: A
In 2023, New Generations Foundation Inc reported a surplus of $835 with revenue exceeding expenses, holds 2.6 months of operating reserves (limited).
Financial Trends
Over 5 years of filings (2019–2023), New Generations Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -68.7% | -73.1% | +4.6% |
| 2022 | +118.2% | +18.6% | -70.3% |
| 2021 | -74.5% | -20.0% | -70.2% |
| 2020 | +966.0% | +6143.2% | +390.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Generations Foundation Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Generations Foundation Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $835, with revenue exceeding expenses.
Frequently Asked Questions about New Generations Foundation Inc
Is New Generations Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Generations Foundation Inc (EIN: 833129647) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Generations Foundation Inc spend its money?
Detailed spending breakdown data is not yet available for New Generations Foundation Inc. Check back for updated IRS 990 analysis.
Are donations to New Generations Foundation Inc tax-deductible?
New Generations Foundation Inc is registered as a tax-exempt nonprofit (EIN: 833129647). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Generations Foundation Inc located?
New Generations Foundation Inc is headquartered in Alpharetta, Georgia and files with the IRS under EIN 833129647. It is classified under NTEE code P99.
How many years of IRS 990 filings does New Generations Foundation Inc have?
New Generations Foundation Inc has 5 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 $845K in total revenue.
Filing History
IRS 990 filing history for New Generations Foundation Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), New Generations Foundation Inc's revenue has grown by 85.5%, moving from $47K to $87K. Total assets decreased by 54.5% over the same period, from $41K to $19K. Total functional expenses rose by 1492.2%, from $5K to $86K. In its most recent filing year (2023), New Generations Foundation Inc reported a surplus of $835, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $87K | $86K | $19K | $0 | — | — |
| 2022 | $277K | $319K | $18K | $0 | — | — |
| 2021 | $127K | $269K | $60K | $0 | — | View 990 |
| 2020 | $498K | $337K | $203K | $0 | — | — |
| 2019 | $47K | $5K | $41K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $87K, expenses of $86K, and assets of $19K (revenue -68.7% year-over-year).
- 2022: Revenue of $277K, expenses of $319K, and assets of $18K (revenue +118.2% year-over-year).
- 2021: Revenue of $127K, expenses of $269K, and assets of $60K (revenue -74.5% year-over-year).
- 2020: Revenue of $498K, expenses of $337K, and assets of $203K (revenue +966.0% year-over-year).
- 2019: Revenue of $47K, expenses of $5K, and assets of $41K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Generations Foundation Inc:
Data Sources and Methodology
This transparency report for New Generations Foundation 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.