New State Inc
EIN: 824588510 · Milwaukee, WI · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $114K |
| Total Expenses | $79K |
| Net Assets | $122K |
Is New State Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New State Inc
New State Inc (EIN: 824588510) is a nonprofit organization based in Milwaukee, WI, classified under NTEE code A20. The organization reported total revenue of $114K and total assets of $163K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New State Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New State Inc is a small nonprofit that has been operating for 7 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 17.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $103K |
| Total Expenses | $79K |
| Surplus / Deficit | +$24K |
| Total Assets | $122K |
| Total Liabilities | $880 |
| Net Assets | $122K |
| Operating Margin | 23.3% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 18.6 months |
Financial Health Grade: A
In 2023, New State Inc reported a surplus of $24K with revenue exceeding expenses, holds 18.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 2 years of filings (2022–2023), New State Inc's revenue has grown at a compound annual growth rate (CAGR) of 17.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +17.9% | +407.6% | +25.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2019 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New State Inc 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 State Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $24K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.7%.
Frequently Asked Questions about New State Inc
Is New State Inc a legitimate charity?
New State Inc (EIN: 824588510) is a registered tax-exempt nonprofit based in Wisconsin. It has 2 years of IRS 990 filings on record. Total revenue: $114K. No red flags identified. Financial health grade: A.
How does New State Inc spend its money?
New State Inc reported $114K in total revenue in IRS 990 filings. 2 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New State Inc tax-deductible?
New State Inc is registered as a tax-exempt nonprofit (EIN: 824588510). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New State Inc located?
New State Inc is headquartered in Milwaukee, Wisconsin and files with the IRS under EIN 824588510. It is classified under NTEE code A20.
How many years of IRS 990 filings does New State Inc have?
New State Inc has 2 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $114K in total revenue.
Filing History
IRS 990 filing history for New State Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), New State Inc's revenue has grown by 17.9%, moving from $87K to $103K. Total assets increased by 25.5% over the same period, from $98K to $122K. Total functional expenses rose by 407.6%, from $16K to $79K. In its most recent filing year (2023), New State Inc reported a surplus of $24K, with revenue exceeding expenses. The organization holds $880 in liabilities against $122K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $122K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $103K | $79K | $122K | $880 | — | — |
| 2022 | $87K | $16K | $98K | $0 | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New State Inc:
Data Sources and Methodology
This transparency report for New State 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.