New Leaders Council
EIN: 562581640 · Washington, DC · NTEE: W70
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.5M |
| Net Assets | $-48,615 |
Is New Leaders Council Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Leaders Council
New Leaders Council (EIN: 562581640) is a nonprofit organization based in Washington, DC, classified under NTEE code W70. The organization reported total revenue of $1.0M and total assets of $227K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Leaders Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Leaders Council is a mid-size nonprofit that has been operating for 17 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 9.7%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-324,540 |
| Total Assets | $204K |
| Total Liabilities | $253K |
| Net Assets | $-48,615 |
| Operating Margin | -28.1% |
| Debt-to-Asset Ratio | 123.8% |
| Months of Reserves | 1.7 months |
Financial Health Grade: D
In 2022, New Leaders Council reported a deficit of $325K with expenses exceeding revenue, holds 1.7 months of operating reserves (limited), has a debt-to-asset ratio of 123.8% (high leverage).
Financial Trends
Over 12 years of filings (2011–2022), New Leaders Council's revenue has grown at a compound annual growth rate (CAGR) of 9.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | -8.9% | +53.4% | -59.4% |
| 2021 | +14.5% | -0.9% | +13.7% |
| 2020 | -44.4% | -46.6% | +126.5% |
| 2019 | +5.5% | -4.2% | — |
| 2018 | +12.9% | -6.0% | -126.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Leaders Council 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 Leaders Council 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $325K, with expenses exceeding revenue.
- Debt-to-asset ratio: 123.8%.
Frequently Asked Questions about New Leaders Council
Is New Leaders Council a legitimate charity?
New Leaders Council (EIN: 562581640) is a registered tax-exempt nonprofit based in Washington DC. It has 12 years of IRS 990 filings on record. Total revenue: $1.0M. No red flags identified. Financial health grade: D.
How does New Leaders Council spend its money?
New Leaders Council reported $1.0M in total revenue in IRS 990 filings. 12 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Leaders Council tax-deductible?
New Leaders Council is registered as a tax-exempt nonprofit (EIN: 562581640). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Leaders Council located?
New Leaders Council is headquartered in Washington, Washington DC and files with the IRS under EIN 562581640. It is classified under NTEE code W70.
How many years of IRS 990 filings does New Leaders Council have?
New Leaders Council has 12 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 $1.0M in total revenue.
Filing History
IRS 990 filing history for New Leaders Council showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), New Leaders Council's revenue has grown by 177%, moving from $416K to $1.2M. Total assets increased by 295.4% over the same period, from $52K to $204K. Total functional expenses rose by 201.4%, from $490K to $1.5M. In its most recent filing year (2022), New Leaders Council reported a deficit of $325K, with expenses exceeding revenue. The organization holds $253K in liabilities against $204K in assets (debt-to-asset ratio: 123.8%), resulting in net assets of $-48,615.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $1.2M | $1.5M | $204K | $253K | — | View 990 |
| 2021 | $1.3M | $963K | $503K | $227K | — | View 990 |
| 2020 | $1.1M | $972K | $443K | $469K | — | View 990 |
| 2019 | $2.0M | $1.8M | $195K | $463K | — | View 990 |
| 2018 | $1.9M | $1.9M | $-5,939 | $432K | — | View 990 |
| 2017 | $1.7M | $2.0M | $22K | $444K | — | View 990 |
| 2016 | $1.3M | $1.5M | $122K | $152K | — | View 990 |
| 2015 | $1.3M | $1.3M | $131K | $20K | — | View 990 |
| 2014 | $860K | $820K | $81K | $0 | — | View 990 |
| 2013 | $654K | $666K | $82K | $35 | — | View 990 |
| 2012 | $458K | $504K | $43K | $107K | — | View 990 |
| 2011 | $416K | $490K | $52K | $69K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $1.2M, expenses of $1.5M, and assets of $204K (revenue -8.9% year-over-year).
- 2021: Revenue of $1.3M, expenses of $963K, and assets of $503K (revenue +14.5% year-over-year).
- 2020: Revenue of $1.1M, expenses of $972K, and assets of $443K (revenue -44.4% year-over-year).
- 2019: Revenue of $2.0M, expenses of $1.8M, and assets of $195K (revenue +5.5% year-over-year).
- 2018: Revenue of $1.9M, expenses of $1.9M, and assets of $-5,939 (revenue +12.9% year-over-year).
- 2017: Revenue of $1.7M, expenses of $2.0M, and assets of $22K (revenue +26.8% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.5M, and assets of $122K (revenue +2.5% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.3M, and assets of $131K (revenue +49.4% year-over-year).
- 2014: Revenue of $860K, expenses of $820K, and assets of $81K (revenue +31.5% year-over-year).
- 2013: Revenue of $654K, expenses of $666K, and assets of $82K (revenue +42.8% year-over-year).
- 2012: Revenue of $458K, expenses of $504K, and assets of $43K (revenue +10.0% year-over-year).
- 2011: Revenue of $416K, expenses of $490K, and assets of $52K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Leaders Council:
Data Sources and Methodology
This transparency report for New Leaders Council 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.