New Group Inc
New Group Inc. faces recent financial deficits despite fluctuating revenues, with no reported officer compensation.
EIN: 133613115 · New York, NY · NTEE: A650 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $4.4M |
| Total Expenses | $5.0M |
| Program Spending | 75% |
| Net Assets | $2.5M |
| Transparency Score | 70/100 |
Is New Group Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Group Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Group Inc
New Group Inc (EIN: 133613115) is a nonprofit organization based in New York, NY, classified under NTEE code A650. The organization reported total revenue of $4.4M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Group Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Group Inc is a mid-size nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.9M |
| Total Expenses | $5.0M |
| Surplus / Deficit | $-1,104,407 |
| Total Assets | $2.9M |
| Total Liabilities | $393K |
| Net Assets | $2.5M |
| Operating Margin | -28.2% |
| Debt-to-Asset Ratio | 13.7% |
| Months of Reserves | 6.9 months |
Financial Health Grade: B
In 2023, New Group Inc reported a deficit of $1.1M with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 13.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Group Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -46.1% | -8.1% | -23.1% |
| 2022 | +208.0% | +243.7% | -1.1% |
| 2021 | -64.4% | -75.4% | +161.5% |
| 2020 | -16.2% | -18.6% | -13.6% |
| 2019 | +5.4% | +4.9% | +11.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1991 |
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 Group Inc with a Mission Score of 70 out of 100 (Good). 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: 75%
- fundraising: 10%
According to IRS 990 filings, New Group Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 13.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for donor perception and suggests resources are directed elsewhere within the organization.
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 Group Inc's IRS 990 filings:
- Significant operating deficit in 2023 ($1,104,407), where expenses exceeded revenue.
- Inconsistent revenue and expense trends, with large year-over-year fluctuations (e.g., revenue dropped from $7.2M in 2022 to $3.9M in 2023).
- Recurring deficits in multiple years (2018, 2019, 2023) suggest potential financial instability or reliance on prior year surpluses.
Strengths
The following positive indicators were identified for New Group Inc:
- No reported officer compensation across all filings, indicating strong commitment to directing funds to mission.
- Demonstrated ability to generate substantial revenue in certain years (e.g., $7.2M in 2022, $6.6M in 2020).
- Positive net assets, even after recent deficits, suggesting some financial reserves (Assets of $2,874,597 in 2023).
Frequently Asked Questions about New Group Inc
Is New Group Inc a legitimate charity?
New Group Inc (EIN: 133613115) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does New Group Inc spend its money?
New Group Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New Group Inc tax-deductible?
New Group Inc is registered as a tax-exempt nonprofit (EIN: 133613115). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Group Inc's spending goes to programs?
New Group Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Group Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), New Group Inc is above average for NTEE category A650 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Group Inc located?
New Group Inc is headquartered in New York, New York and files with the IRS under EIN 133613115. It is classified under NTEE code A650.
How many years of IRS 990 filings does New Group Inc have?
New Group Inc has 13 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 $4.4M in total revenue.
What caused the significant deficit of over $1 million in the 2023 fiscal year?
In 2023, New Group Inc. reported revenues of $3,922,738 but incurred expenses of $5,027,145, resulting in a deficit of $1,104,407. The specific causes are not detailed in the provided summary but warrant further investigation into the organization's financial statements.
How does New Group Inc. sustain operations with recurring deficits, such as in 2018, 2019, and 2023?
The organization likely relies on accumulated assets from years with surpluses (e.g., 2021 and 2022) or other funding mechanisms to cover deficits. For instance, the $1,799,000 surplus in 2022 could have helped offset the 2023 deficit.
What is the breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 data summary does not include a detailed breakdown of expenses into program, administrative, and fundraising categories, making it difficult to assess spending efficiency accurately.
Filing History
IRS 990 filing history for New Group Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Group Inc's revenue has grown by 93.5%, moving from $2.0M to $3.9M. Total assets increased by 2232.8% over the same period, from $123K to $2.9M. Total functional expenses rose by 120%, from $2.3M to $5.0M. In its most recent filing year (2023), New Group Inc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $393K in liabilities against $2.9M in assets (debt-to-asset ratio: 13.7%), resulting in net assets of $2.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.9M | $5.0M | $2.9M | $393K | — | — |
| 2022 | $7.3M | $5.5M | $3.7M | $153K | — | View 990 |
| 2021 | $2.4M | $1.6M | $3.8M | $2.0M | — | View 990 |
| 2020 | $6.6M | $6.5M | $1.4M | $430K | — | — |
| 2019 | $7.9M | $7.9M | $1.7M | $831K | — | View 990 |
| 2018 | $7.5M | $7.6M | $1.5M | $634K | — | View 990 |
| 2017 | $5.2M | $5.0M | $1.2M | $324K | — | View 990 |
| 2016 | $3.3M | $2.8M | $1.0M | $373K | — | View 990 |
| 2015 | $3.3M | $3.2M | $390K | $208K | — | View 990 |
| 2014 | $2.8M | $2.5M | $366K | $316K | — | View 990 |
| 2013 | $2.8M | $2.6M | $209K | $459K | — | View 990 |
| 2012 | $2.0M | $2.2M | $112K | $519K | — | View 990 |
| 2011 | $2.0M | $2.3M | $123K | $389K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.9M, expenses of $5.0M, and assets of $2.9M (revenue -46.1% year-over-year).
- 2022: Revenue of $7.3M, expenses of $5.5M, and assets of $3.7M (revenue +208.0% year-over-year).
- 2021: Revenue of $2.4M, expenses of $1.6M, and assets of $3.8M (revenue -64.4% year-over-year).
- 2020: Revenue of $6.6M, expenses of $6.5M, and assets of $1.4M (revenue -16.2% year-over-year).
- 2019: Revenue of $7.9M, expenses of $7.9M, and assets of $1.7M (revenue +5.4% year-over-year).
- 2018: Revenue of $7.5M, expenses of $7.6M, and assets of $1.5M (revenue +43.7% year-over-year).
- 2017: Revenue of $5.2M, expenses of $5.0M, and assets of $1.2M (revenue +60.1% year-over-year).
- 2016: Revenue of $3.3M, expenses of $2.8M, and assets of $1.0M (revenue -1.0% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.2M, and assets of $390K (revenue +19.5% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.5M, and assets of $366K (revenue -0.1% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.6M, and assets of $209K (revenue +35.3% year-over-year).
- 2012: Revenue of $2.0M, expenses of $2.2M, and assets of $112K (revenue +0.8% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.3M, and assets of $123K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Group Inc:
Data Sources and Methodology
This transparency report for New Group 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.