New Harvest Educational Centers
New Harvest Educational Centers shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 203080664 · Clewiston, FL · NTEE: B24 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $2.0M |
| Program Spending | 85% |
| Net Assets | $1.0M |
| Transparency Score | 90/100 |
Is New Harvest Educational Centers Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Harvest Educational Centers directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Harvest Educational Centers
New Harvest Educational Centers (EIN: 203080664) is a nonprofit organization based in Clewiston, FL, classified under NTEE code B24. The organization reported total revenue of $2.3M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Harvest Educational Centers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Harvest Educational Centers is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $2.0M |
| Surplus / Deficit | $-61,959 |
| Total Assets | $3.7M |
| Total Liabilities | $2.6M |
| Net Assets | $1.0M |
| Operating Margin | -3.2% |
| Debt-to-Asset Ratio | 72.0% |
| Months of Reserves | 22.1 months |
Financial Health Grade: C
In 2023, New Harvest Educational Centers reported a deficit of $62K with expenses exceeding revenue, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 72.0% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Harvest Educational Centers's revenue has grown at a compound annual growth rate (CAGR) of 19.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.3% | +18.4% | +0.2% |
| 2022 | +38.4% | +30.9% | +26.0% |
| 2021 | -18.9% | +7.7% | +269.1% |
| 2020 | -0.8% | -2.8% | -24.4% |
| 2019 | +47.5% | +13.3% | +61.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2006 |
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 Harvest Educational Centers with a Mission Score of 90 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 Harvest Educational Centers 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $62K, with expenses exceeding revenue.
- Debt-to-asset ratio: 72.0%.
Executive Compensation Analysis
New Harvest Educational Centers consistently reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual and suggests a volunteer-led or very lean executive structure.
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 Harvest Educational Centers's IRS 990 filings:
- Expenses exceeded revenue in the most recent filing (202312), indicating a potential operating deficit for that period.
- Significant increase in liabilities from $144,199 in 2020 to $2,065,389 in 2021, warranting further investigation into the nature of these obligations.
Strengths
The following positive indicators were identified for New Harvest Educational Centers:
- Consistent revenue growth over the past decade, from $584,409 in 2014 to $1,923,062 in 2023.
- Strong asset accumulation, growing from $529,594 in 2014 to $3,654,374 in 2023.
- 0% reported officer compensation across all filings, indicating a strong commitment to directing funds to programs.
- Consistent filing of IRS Form 990s for 13 periods, demonstrating transparency.
- Positive net asset growth from $302,078 in 2014 to $1,021,523 in 2023, indicating financial stability.
Frequently Asked Questions about New Harvest Educational Centers
Is New Harvest Educational Centers a legitimate charity?
New Harvest Educational Centers (EIN: 203080664) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.3M. 2 red flags identified. 5 strengths noted. Financial health grade: C.
How does New Harvest Educational Centers spend its money?
New Harvest Educational Centers directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Harvest Educational Centers tax-deductible?
New Harvest Educational Centers is registered as a tax-exempt nonprofit (EIN: 203080664). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Harvest Educational Centers's spending goes to programs?
New Harvest Educational Centers directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Harvest Educational Centers compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), New Harvest Educational Centers is above average for NTEE category B24 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Harvest Educational Centers located?
New Harvest Educational Centers is headquartered in Clewiston, Florida and files with the IRS under EIN 203080664. It is classified under NTEE code B24.
How many years of IRS 990 filings does New Harvest Educational Centers have?
New Harvest Educational Centers 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 $2.3M in total revenue.
How does New Harvest Educational Centers manage to operate without reported officer compensation?
The consistent reporting of 0% officer compensation across all 13 filings suggests that the organization may be primarily volunteer-run at the executive level, or that executive services are provided pro bono, or compensated through other means not classified as officer compensation on the 990.
What caused the significant increase in assets from $784,454 in 2020 to $2,895,648 in 2021?
The substantial increase in assets by over $2 million between 2020 and 2021 suggests a major capital acquisition, significant donations, or a substantial increase in investments during that period. Further investigation into the specific 990 forms for those years would be needed to identify the exact nature of this asset growth.
Is the organization's recent trend of expenses exceeding revenue sustainable?
In 2023, expenses ($1,985,021) exceeded revenue ($1,923,062). While this is a single year, a sustained trend of operating deficits could deplete reserves. However, given the organization's growing asset base, it likely has sufficient reserves to cover short-term deficits.
Filing History
IRS 990 filing history for New Harvest Educational Centers showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Harvest Educational Centers's revenue has grown by 708.6%, moving from $238K to $1.9M. Total assets increased by 4031.2% over the same period, from $88K to $3.7M. Total functional expenses rose by 734%, from $238K to $2.0M. In its most recent filing year (2023), New Harvest Educational Centers reported a deficit of $62K, with expenses exceeding revenue. The organization holds $2.6M in liabilities against $3.7M in assets (debt-to-asset ratio: 72.0%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $2.0M | $3.7M | $2.6M | — | — |
| 2022 | $1.9M | $1.7M | $3.6M | $2.6M | — | View 990 |
| 2021 | $1.4M | $1.3M | $2.9M | $2.1M | — | View 990 |
| 2020 | $1.7M | $1.2M | $784K | $144K | — | View 990 |
| 2019 | $1.7M | $1.2M | $1.0M | $194K | — | View 990 |
| 2018 | $1.1M | $1.1M | $642K | $264K | — | View 990 |
| 2017 | $987K | $970K | $620K | $307K | — | View 990 |
| 2016 | $918K | $932K | $606K | $311K | — | View 990 |
| 2015 | $754K | $748K | $627K | $319K | — | View 990 |
| 2014 | $584K | $468K | $530K | $228K | — | View 990 |
| 2013 | $466K | $365K | $472K | $287K | — | View 990 |
| 2012 | $257K | $256K | $105K | $21K | — | View 990 |
| 2011 | $238K | $238K | $88K | $5K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $2.0M, and assets of $3.7M (revenue +2.3% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.7M, and assets of $3.6M (revenue +38.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.3M, and assets of $2.9M (revenue -18.9% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.2M, and assets of $784K (revenue -0.8% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.2M, and assets of $1.0M (revenue +47.5% year-over-year).
- 2018: Revenue of $1.1M, expenses of $1.1M, and assets of $642K (revenue +15.9% year-over-year).
- 2017: Revenue of $987K, expenses of $970K, and assets of $620K (revenue +7.6% year-over-year).
- 2016: Revenue of $918K, expenses of $932K, and assets of $606K (revenue +21.7% year-over-year).
- 2015: Revenue of $754K, expenses of $748K, and assets of $627K (revenue +29.1% year-over-year).
- 2014: Revenue of $584K, expenses of $468K, and assets of $530K (revenue +25.3% year-over-year).
- 2013: Revenue of $466K, expenses of $365K, and assets of $472K (revenue +81.6% year-over-year).
- 2012: Revenue of $257K, expenses of $256K, and assets of $105K (revenue +8.0% year-over-year).
- 2011: Revenue of $238K, expenses of $238K, and assets of $88K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Harvest Educational Centers:
Data Sources and Methodology
This transparency report for New Harvest Educational Centers 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.