New Partners Inc
New Partners Inc consistently operates at a high expenditure level, often exceeding revenue, with no reported officer compensation.
EIN: 133885148 · New York, NY · NTEE: T50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $244.3M |
| Total Expenses | $240.6M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200 |
| Net Assets | $50.2M |
| Transparency Score | 85/100 |
Is New Partners Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Partners Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Partners Inc
New Partners Inc (EIN: 133885148) is a nonprofit organization based in New York, NY, classified under NTEE code T50. The organization reported total revenue of $244.3M and total assets of $116.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Partners Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Partners Inc is a major nonprofit that has been operating for 11 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $236.4M |
| Total Expenses | $240.6M |
| Surplus / Deficit | $-4,170,006 |
| Total Assets | $112.1M |
| Total Liabilities | $62.0M |
| Net Assets | $50.2M |
| Operating Margin | -1.8% |
| Debt-to-Asset Ratio | 55.3% |
| Months of Reserves | 5.6 months |
Financial Health Grade: C
In 2023, New Partners Inc reported a deficit of $4.2M with expenses exceeding revenue, holds 5.6 months of operating reserves (adequate), has a debt-to-asset ratio of 55.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Partners Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +11.4% | +1.7% |
| 2022 | -5.2% | -8.7% | -3.3% |
| 2021 | -8.5% | -10.8% | -3.2% |
| 2020 | -11.3% | -8.5% | -5.2% |
| 2019 | +5.0% | +8.5% | +5.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2015 |
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 Partners Inc with a Mission Score of 85 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 Partners 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 $4.2M, with expenses exceeding revenue.
- Debt-to-asset ratio: 55.3%.
Executive Compensation Analysis
The consistent reporting of 0% officer compensation across all available filings is highly unusual for an organization of this scale (revenues frequently exceeding $200 million) and suggests either a unique operational model where executives are not compensated, or that compensation is reported under different categories not explicitly labeled as 'Officer Comp' on the 990.
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 Partners Inc's IRS 990 filings:
- Consistent reporting of 0% officer compensation for an organization of this size, which may obscure actual executive remuneration.
- Frequent instances where expenses exceed revenue, potentially indicating reliance on reserves or other funding not detailed in the summary.
Strengths
The following positive indicators were identified for New Partners Inc:
- Large operational scale with consistent revenue generation over $200 million annually.
- Significant asset base, growing from $60.5 million in 2014 to $112.1 million in 2023, indicating substantial resources.
- Lean operational model with expenses closely tracking revenues, suggesting efficient use of funds.
Frequently Asked Questions about New Partners Inc
Is New Partners Inc a legitimate charity?
New Partners Inc (EIN: 133885148) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $244.3M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does New Partners Inc spend its money?
New Partners Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to New Partners Inc tax-deductible?
New Partners Inc is registered as a tax-exempt nonprofit (EIN: 133885148). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Partners Inc CEO make?
New Partners Inc's highest-compensated officer earns $200 annually. The organization reported $244.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Partners Inc's spending goes to programs?
New Partners Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Partners Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Partners Inc is above average for NTEE category T50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Partners Inc located?
New Partners Inc is headquartered in New York, New York and files with the IRS under EIN 133885148. It is classified under NTEE code T50.
How many years of IRS 990 filings does New Partners Inc have?
New Partners 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 $244.3M in total revenue.
How does New Partners Inc sustain its operations with expenses frequently exceeding revenue?
The organization's expenses have frequently exceeded its revenue, such as in 2023 ($240.6M expenses vs. $236.4M revenue) and 2020 ($265.2M expenses vs. $257.4M revenue). This suggests reliance on prior year surpluses, restricted funds, or other non-operating income sources to cover shortfalls, which isn't explicitly detailed in the provided summary data.
What is the nature of the organization's liabilities, which have grown significantly?
Liabilities have increased from $38,735,500 in 2014 to $61,968,908 in 2023. Without further detail, it's unclear if these are program-related payables, debt, or other obligations, which could impact long-term financial flexibility.
How does New Partners Inc manage to report 0% officer compensation given its large scale?
The consistent 0% officer compensation across all filings is highly unusual for an organization with over $200 million in annual revenue. This could indicate that executive services are provided pro bono, through a related entity, or compensated in a manner not categorized as 'Officer Comp' on the 990, warranting further investigation into their operational structure.
Filing History
IRS 990 filing history for New Partners Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Partners Inc's revenue has grown by 23.7%, moving from $191.1M to $236.4M. Total assets increased by 297.9% over the same period, from $28.2M to $112.1M. Total functional expenses rose by 27%, from $189.4M to $240.6M. In its most recent filing year (2023), New Partners Inc reported a deficit of $4.2M, with expenses exceeding revenue. The organization holds $62.0M in liabilities against $112.1M in assets (debt-to-asset ratio: 55.3%), resulting in net assets of $50.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $236.4M | $240.6M | $112.1M | $62.0M | — | — |
| 2022 | $223.2M | $215.9M | $110.2M | $55.9M | — | View 990 |
| 2021 | $235.5M | $236.6M | $114.0M | $66.8M | — | View 990 |
| 2020 | $257.5M | $265.2M | $117.7M | $69.5M | — | View 990 |
| 2019 | $290.4M | $289.8M | $124.2M | $68.2M | — | View 990 |
| 2018 | $276.6M | $267.2M | $118.1M | $62.8M | — | View 990 |
| 2017 | $265.1M | $257.1M | $100.5M | $54.6M | — | View 990 |
| 2016 | $267.2M | $257.3M | $93.4M | $55.5M | — | View 990 |
| 2015 | $275.3M | $269.1M | $69.8M | $41.8M | — | View 990 |
| 2014 | $289.3M | $280.2M | $60.5M | $38.7M | — | View 990 |
| 2013 | $241.7M | $238.4M | $42.9M | $30.3M | — | View 990 |
| 2012 | $213.0M | $211.4M | $34.6M | $25.2M | — | View 990 |
| 2011 | $191.1M | $189.4M | $28.2M | $20.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $236.4M, expenses of $240.6M, and assets of $112.1M (revenue +5.9% year-over-year).
- 2022: Revenue of $223.2M, expenses of $215.9M, and assets of $110.2M (revenue -5.2% year-over-year).
- 2021: Revenue of $235.5M, expenses of $236.6M, and assets of $114.0M (revenue -8.5% year-over-year).
- 2020: Revenue of $257.5M, expenses of $265.2M, and assets of $117.7M (revenue -11.3% year-over-year).
- 2019: Revenue of $290.4M, expenses of $289.8M, and assets of $124.2M (revenue +5.0% year-over-year).
- 2018: Revenue of $276.6M, expenses of $267.2M, and assets of $118.1M (revenue +4.4% year-over-year).
- 2017: Revenue of $265.1M, expenses of $257.1M, and assets of $100.5M (revenue -0.8% year-over-year).
- 2016: Revenue of $267.2M, expenses of $257.3M, and assets of $93.4M (revenue -2.9% year-over-year).
- 2015: Revenue of $275.3M, expenses of $269.1M, and assets of $69.8M (revenue -4.8% year-over-year).
- 2014: Revenue of $289.3M, expenses of $280.2M, and assets of $60.5M (revenue +19.7% year-over-year).
- 2013: Revenue of $241.7M, expenses of $238.4M, and assets of $42.9M (revenue +13.5% year-over-year).
- 2012: Revenue of $213.0M, expenses of $211.4M, and assets of $34.6M (revenue +11.4% year-over-year).
- 2011: Revenue of $191.1M, expenses of $189.4M, and assets of $28.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Partners Inc:
Data Sources and Methodology
This transparency report for New Partners 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.