New Heights Youth Inc
New Heights Youth Inc. shows strong asset growth and consistent revenue, with 0% reported officer compensation.
EIN: 201903332 · Brooklyn, NY · NTEE: O50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $3.9M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $3.1M |
| Transparency Score | 92/100 |
Is New Heights Youth Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Heights Youth Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Heights Youth Inc
New Heights Youth Inc (EIN: 201903332) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code O50. The organization reported total revenue of $5.3M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Heights Youth Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Heights Youth Inc is a mid-size nonprofit that has been operating for 21 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.6M |
| Total Expenses | $3.9M |
| Surplus / Deficit | $-230,968 |
| Total Assets | $3.5M |
| Total Liabilities | $424K |
| Net Assets | $3.1M |
| Operating Margin | -6.3% |
| Debt-to-Asset Ratio | 12.2% |
| Months of Reserves | 10.8 months |
Financial Health Grade: B
In 2023, New Heights Youth Inc reported a deficit of $231K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 12.2% (very low leverage).
Financial Trends
Over 11 years of filings (2011–2023), New Heights Youth Inc's revenue has grown at a compound annual growth rate (CAGR) of 7.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -13.5% | +17.7% | +1.3% |
| 2022 | +29.6% | +55.7% | +33.0% |
| 2021 | +26.1% | +23.2% | +103.5% |
| 2020 | +21.2% | -15.2% | +199.8% |
| 2019 | +11.9% | +5.2% | +6.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2005 |
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 Heights Youth Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, New Heights Youth Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $231K, with expenses exceeding revenue.
- Debt-to-asset ratio: 12.2%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size with over $3 million in annual revenue. This suggests either a volunteer-led executive team or that compensation is reported under other expense categories, though the former would be a significant strength in terms of resource allocation.
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 Heights Youth Inc's IRS 990 filings:
- Unusually low (0%) reported officer compensation for an organization of this scale, which may warrant further investigation into how executive leadership is compensated or structured.
Strengths
The following positive indicators were identified for New Heights Youth Inc:
- Consistent and significant revenue growth over the past decade, from $1,367,844 in 2012 to $3,640,839 in 2023.
- Strong asset accumulation, growing from $246,919 in 2012 to $3,482,114 in 2023, indicating robust financial health.
- Excellent transparency with 11 consistent IRS 990 filings.
- Very low liabilities relative to assets, demonstrating financial stability (e.g., 2023 liabilities of $424,069 vs. assets of $3,482,114).
- Reported 0% officer compensation, suggesting a high proportion of funds are directed towards programmatic activities.
Frequently Asked Questions about New Heights Youth Inc
Is New Heights Youth Inc a legitimate charity?
New Heights Youth Inc (EIN: 201903332) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 92/100. It has 11 years of IRS 990 filings on record. Total revenue: $5.3M. 1 red flag identified. 5 strengths noted. Financial health grade: B.
How does New Heights Youth Inc spend its money?
New Heights Youth Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to New Heights Youth Inc tax-deductible?
New Heights Youth Inc is registered as a tax-exempt nonprofit (EIN: 201903332). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Heights Youth Inc CEO make?
New Heights Youth Inc's highest-compensated officer earns $3 annually. The organization reported $5.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Heights Youth Inc's spending goes to programs?
New Heights Youth Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Heights Youth Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), New Heights Youth Inc is above average for NTEE category O50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Heights Youth Inc located?
New Heights Youth Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 201903332. It is classified under NTEE code O50.
How many years of IRS 990 filings does New Heights Youth Inc have?
New Heights Youth Inc has 11 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 $5.3M in total revenue.
How does New Heights Youth Inc. manage to report 0% officer compensation despite its size and revenue?
The consistent reporting of 0% officer compensation across all 11 filings is highly unusual for an organization with annual revenues exceeding $3 million. This could indicate that executive leadership is entirely volunteer-based, or that compensation for key management personnel is categorized differently within the IRS 990, such as under 'other salaries and wages' rather than 'officer, director, trustee, and key employee compensation'.
What caused the deficit in the 2023 fiscal period?
In the 2023 fiscal period, New Heights Youth Inc. reported expenses of $3,871,807 against revenues of $3,640,839, resulting in a deficit. Without more detailed expense breakdowns, it's difficult to pinpoint the exact cause, but it could be due to increased program delivery costs, one-time capital expenditures, or a temporary dip in fundraising compared to the previous year's surplus.
How sustainable is the organization's growth given the 2023 deficit?
Despite the 2023 deficit, the organization's overall financial trend shows strong growth in both revenue and assets over the past decade. The asset base of $3,482,114 in 2023, significantly higher than its liabilities of $424,069, provides a strong buffer. One year's deficit, especially after several years of surplus, does not necessarily indicate an unsustainable trend, but rather a potential operational adjustment or investment.
Filing History
IRS 990 filing history for New Heights Youth Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), New Heights Youth Inc's revenue has grown by 146.9%, moving from $1.5M to $3.6M. Total assets increased by 745.4% over the same period, from $412K to $3.5M. Total functional expenses rose by 208.7%, from $1.3M to $3.9M. In its most recent filing year (2023), New Heights Youth Inc reported a deficit of $231K, with expenses exceeding revenue. The organization holds $424K in liabilities against $3.5M in assets (debt-to-asset ratio: 12.2%), resulting in net assets of $3.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.6M | $3.9M | $3.5M | $424K | — | — |
| 2022 | $4.2M | $3.3M | $3.4M | $143K | — | View 990 |
| 2021 | $3.2M | $2.1M | $2.6M | $209K | — | View 990 |
| 2020 | $2.6M | $1.7M | $1.3M | $31K | — | — |
| 2019 | $2.1M | $2.0M | $423K | $45K | — | View 990 |
| 2018 | $1.9M | $1.9M | $399K | $122K | — | View 990 |
| 2017 | $1.5M | $1.8M | $347K | $72K | — | View 990 |
| 2015 | $1.8M | $1.8M | $341K | $103K | — | View 990 |
| 2013 | $1.2M | $1.3M | $116K | $29K | — | View 990 |
| 2012 | $1.4M | $1.6M | $247K | $20K | — | View 990 |
| 2011 | $1.5M | $1.3M | $412K | $394 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.6M, expenses of $3.9M, and assets of $3.5M (revenue -13.5% year-over-year).
- 2022: Revenue of $4.2M, expenses of $3.3M, and assets of $3.4M (revenue +29.6% year-over-year).
- 2021: Revenue of $3.2M, expenses of $2.1M, and assets of $2.6M (revenue +26.1% year-over-year).
- 2020: Revenue of $2.6M, expenses of $1.7M, and assets of $1.3M (revenue +21.2% year-over-year).
- 2019: Revenue of $2.1M, expenses of $2.0M, and assets of $423K (revenue +11.9% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $399K (revenue +25.9% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.8M, and assets of $347K (revenue -15.6% year-over-year).
- 2015: Revenue of $1.8M, expenses of $1.8M, and assets of $341K (revenue +49.2% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.3M, and assets of $116K (revenue -12.3% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.6M, and assets of $247K (revenue -7.3% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.3M, and assets of $412K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Heights Youth Inc:
Data Sources and Methodology
This transparency report for New Heights Youth 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.