New Manayunk Corp
New Manayunk Corp: Strong Program Spending, but Declining Revenue Growth
EIN: 222680037 · Philadelphia, PA · NTEE: S310 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $1.9M |
| Program Spending | 83% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $1.7M |
| Transparency Score | 75/100 |
Is New Manayunk Corp Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Manayunk Corp directs 83% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Manayunk Corp
New Manayunk Corp (EIN: 222680037) is a nonprofit organization based in Philadelphia, PA, classified under NTEE code S310. The organization reported total revenue of $2.4M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Manayunk Corp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Manayunk Corp is a mid-size nonprofit that has been operating for 41 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 4.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.3M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$374K |
| Total Assets | $3.8M |
| Total Liabilities | $2.1M |
| Net Assets | $1.7M |
| Operating Margin | 16.5% |
| Debt-to-Asset Ratio | 56.3% |
| Months of Reserves | 24.1 months |
Financial Health Grade: A
In 2023, New Manayunk Corp reported a surplus of $374K with revenue exceeding expenses, holds 24.1 months of operating reserves (strong position), has a debt-to-asset ratio of 56.3% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), New Manayunk Corp's revenue has grown at a compound annual growth rate (CAGR) of 4.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +19.1% | +23.8% | +7.5% |
| 2022 | +27.1% | +32.6% | +140.2% |
| 2021 | +93.4% | +2.5% | +75.5% |
| 2020 | -45.8% | -7.4% | -9.8% |
| 2019 | +15.5% | -5.0% | +31.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Manayunk Corp with a Mission Score of 75 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: 10%
- programs: 83%
- fundraising: 7%
According to IRS 990 filings, New Manayunk Corp allocates its expenses as follows: admin: 10%, programs: 83%, fundraising: 7%. With 83% 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 surplus of $374K, with revenue exceeding expenses.
- Debt-to-asset ratio: 56.3%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization of this size and suggests that compensation may be reported under different categories or not disclosed transparently.
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 Manayunk Corp's IRS 990 filings:
- Consistent reporting of $0 for executive compensation raises concerns about transparency and full disclosure of leadership remuneration.
- While revenue has grown, the rate of growth has slowed, with 2023 revenue at $2,267,077, only a modest increase from $1,903,736 in 2022, after a significant jump from $774,524 in 2020.
Strengths
The following positive indicators were identified for New Manayunk Corp:
- Strong program spending, with 83% of expenses dedicated to programs, indicating a focus on its mission.
- Healthy asset growth, from $708,648 in 2018 to $3,796,39 in 2023, demonstrating financial health and capacity.
- Low administrative and fundraising costs (10% and 7% respectively) suggest efficient operations.
Frequently Asked Questions about New Manayunk Corp
Is New Manayunk Corp a legitimate charity?
Based on AI analysis of IRS 990 filings, New Manayunk Corp (EIN: 222680037) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does New Manayunk Corp spend its money?
New Manayunk Corp directs 83% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Manayunk Corp tax-deductible?
New Manayunk Corp is registered as a tax-exempt nonprofit (EIN: 222680037). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Manayunk Corp CEO make?
New Manayunk Corp's highest-compensated officer earns $0 annually. The organization reported $2.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Manayunk Corp's spending goes to programs?
New Manayunk Corp directs 83% to programs, 7% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Manayunk Corp compare to similar nonprofits?
With a transparency score of 75/100 (Good), New Manayunk Corp is above average for NTEE category S310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Manayunk Corp located?
New Manayunk Corp is headquartered in Philadelphia, Pennsylvania and files with the IRS under EIN 222680037. It is classified under NTEE code S310.
How many years of IRS 990 filings does New Manayunk Corp have?
New Manayunk Corp has 14 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 $2.4M in total revenue.
What does New Manayunk Corp do?
New Manayunk Corp is a nonprofit organization in the Community Improvement sector, located in Philadelphia, Pennsylvania. It is classified under NTEE code S310.
How much revenue does New Manayunk Corp have?
New Manayunk Corp reported total revenue of $2,416,294. Based on 14 IRS 990 filings on record.
What are New Manayunk Corp's total assets?
New Manayunk Corp holds total assets of $3,675,939 as reported in IRS 990 filings.
Where is New Manayunk Corp located?
New Manayunk Corp is based in Philadelphia, Pennsylvania.
What is New Manayunk Corp's EIN?
New Manayunk Corp's Employer Identification Number (EIN) is 222680037. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Manayunk Corp?
New Manayunk Corp is classified under NTEE code S310 (Community Improvement).
Is New Manayunk Corp a registered 501(c)(3)?
Yes, New Manayunk Corp is recognized as a tax-exempt organization by the IRS. EIN: 222680037.
Does New Manayunk Corp file IRS Form 990?
Yes, New Manayunk Corp has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Manayunk Corp's revenue in 2023?
In the 202312 filing period, New Manayunk Corp reported total revenue of $2,267,077, total expenses of $1,893,209, and net assets of $3,796,739.
Is New Manayunk Corp's revenue growing or declining?
New Manayunk Corp's revenue is growing. Revenue went from $1,903,736 (202212) to $2,267,077 (202312), a +19.1% change. Based on 14 filings on record.
What is New Manayunk Corp's most recent 990 filing?
The most recent IRS Form 990 filing for New Manayunk Corp covers tax period 202312. It shows revenue of $2,267,077, expenses of $1,893,209, total assets of $3,796,739, and liabilities of $2,136,453.
How much does New Manayunk Corp spend on programs vs administration?
Based on IRS 990 analysis, New Manayunk Corp allocates approximately 83% of expenses to program services, 10% to administrative costs, and 7% to fundraising. This indicates strong program focus.
Is New Manayunk Corp a trustworthy charity?
Based on AI analysis of IRS 990 data, New Manayunk Corp appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for New Manayunk Corp?
The following concerns were identified: Consistent reporting of $0 for executive compensation raises concerns about transparency and full disclosure of leadership remuneration.. While revenue has grown, the rate of growth has slowed, with 2023 revenue at $2,267,077, only a modest increase from $1,903,736 in 2022, after a significant jump from $774,524 in 2020.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Manayunk Corp's strengths?
Positive indicators for New Manayunk Corp include: Strong program spending, with 83% of expenses dedicated to programs, indicating a focus on its mission.. Healthy asset growth, from $708,648 in 2018 to $3,796,39 in 2023, demonstrating financial health and capacity.. Low administrative and fundraising costs (10% and 7% respectively) suggest efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does New Manayunk Corp compensate executives?
Executive compensation is reported as $0 across all available filings, which is highly unusual for an organization of this size and suggests that compensation may be reported under different categories or not disclosed transparently. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does New Manayunk Corp attract and retain leadership, and where are these costs accounted for in their financial statements?
The consistent reporting of $0 for executive compensation is a significant anomaly. It's possible that leadership is compensated through related entities, as independent contractors, or that the organization relies heavily on volunteer leadership, which would need further clarification to understand the true cost of executive management.
What factors contributed to the substantial revenue increase from $774,524 in 2020 to $2,267,077 in 2023, and what strategies are in place to address the recent deceleration in revenue growth?
The data shows a significant revenue surge between 2020 and 2023. Understanding the specific drivers (e.g., new grants, major donors, program expansion) behind this growth is crucial. The recent slowdown from $1,903,736 in 2022 to $2,267,077 in 2023 suggests a need for new strategies to maintain momentum and avoid stagnation.
Filing History
IRS 990 filing history for New Manayunk Corp showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New Manayunk Corp's revenue has grown by 84.6%, moving from $1.2M to $2.3M. Total assets increased by 841% over the same period, from $403K to $3.8M. Total functional expenses rose by 65.2%, from $1.1M to $1.9M. In its most recent filing year (2023), New Manayunk Corp reported a surplus of $374K, with revenue exceeding expenses. The organization holds $2.1M in liabilities against $3.8M in assets (debt-to-asset ratio: 56.3%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.3M | $1.9M | $3.8M | $2.1M | — | — |
| 2022 | $1.9M | $1.5M | $3.5M | $2.3M | — | View 990 |
| 2021 | $1.5M | $1.2M | $1.5M | $568K | — | View 990 |
| 2020 | $775K | $1.1M | $838K | $289K | — | View 990 |
| 2019 | $1.4M | $1.2M | $929K | $30K | — | View 990 |
| 2018 | $1.2M | $1.3M | $709K | $23K | — | View 990 |
| 2017 | $1.3M | $1.3M | $794K | $67K | — | View 990 |
| 2016 | $1.5M | $1.5M | $906K | $164K | — | View 990 |
| 2015 | $1.5M | $1.2M | $958K | $287K | — | View 990 |
| 2014 | $1.2M | $1.2M | $643K | $184K | — | View 990 |
| 2013 | $1.3M | $1.2M | $631K | $231K | — | View 990 |
| 2012 | $1.4M | $1.4M | $528K | $207K | — | View 990 |
| 2011 | $1.2M | $1.2M | $517K | $209K | — | View 990 |
| 2010 | $1.2M | $1.1M | $403K | $186K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.3M, expenses of $1.9M, and assets of $3.8M (revenue +19.1% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.5M, and assets of $3.5M (revenue +27.1% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.2M, and assets of $1.5M (revenue +93.4% year-over-year).
- 2020: Revenue of $775K, expenses of $1.1M, and assets of $838K (revenue -45.8% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.2M, and assets of $929K (revenue +15.5% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.3M, and assets of $709K (revenue -2.1% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $794K (revenue -18.0% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $906K (revenue +6.1% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.2M, and assets of $958K (revenue +17.6% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.2M, and assets of $643K (revenue -5.4% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.2M, and assets of $631K (revenue -9.6% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $528K (revenue +15.7% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.2M, and assets of $517K (revenue +1.7% year-over-year).
- 2010: Revenue of $1.2M, expenses of $1.1M, and assets of $403K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Manayunk Corp:
Data Sources and Methodology
This transparency report for New Manayunk Corp 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.