New Vision For Independence Inc
New Vision For Independence Inc shows consistent asset growth and no reported officer compensation over multiple years.
EIN: 203288751 · Leesburg, FL · NTEE: P86 · Updated: 2026-03-28
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| Metric | Value |
|---|---|
| Total Revenue | $785K |
| Total Expenses | $601K |
| Program Spending | 90% |
| Net Assets | $313K |
| Transparency Score | 92/100 |
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New Vision For Independence Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
New Vision For Independence Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around New Vision For Independence Inc in one place.
Form 990 Filing Summary
13 filing years are available, with latest revenue of $630K and expenses of $601K.
Revenue and Expenses
New Vision For Independence Inc reported $630K in revenue and $601K in expenses, a surplus of $29K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
92/100 mission score, 2 red flags, and 5 strengths are shown from structured and AI review.
Is New Vision For Independence Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $541K (90%) |
Across stored filings, New Vision For Independence Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 90% to programs | Excellent |
| Financial durability | Grade A | 13 stored filing years |
| Peer context | Compare with Cornelia Warren Community Assn Inc | Florida and Human Services context |
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New Vision For Independence Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Vision For Independence Inc
New Vision For Independence Inc (EIN: 203288751) is a nonprofit organization based in Leesburg, FL, classified under NTEE code P86. The organization reported total revenue of $785K and total assets of $606K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Vision For Independence Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Vision For Independence Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $630K |
| Total Expenses | $601K |
| Surplus / Deficit | +$29K |
| Total Assets | $344K |
| Total Liabilities | $31K |
| Net Assets | $313K |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 9.0% |
| Months of Reserves | 6.9 months |
Financial Health Grade: A
In 2023, New Vision For Independence Inc reported a surplus of $29K with revenue exceeding expenses, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 9.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Vision For Independence Inc's revenue has grown at a compound annual growth rate (CAGR) of 4.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +18.0% | +2.4% | +17.0% |
| 2022 | -12.2% | +22.8% | -17.8% |
| 2021 | +36.2% | +12.1% | +29.2% |
| 2020 | +0.1% | -4.7% | +57.5% |
| 2019 | +7.0% | -2.7% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2006 |
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 Vision For Independence 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 Vision For Independence 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 surplus of $29K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no salaries were paid to officers, which is highly unusual and suggests a volunteer-led executive team or that compensation is covered by other means not reported as officer compensation.
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 Vision For Independence Inc's IRS 990 filings:
- Unusually low liabilities in some periods (e.g., $2,796 in 201909) could indicate potential underreporting or very minimal operational overhead, which might warrant further investigation into operational structure.
- The consistent 0% officer compensation, while positive for program spending, is highly unusual for an organization of this size and could suggest that executive roles are filled by volunteers or compensated in ways not categorized as 'officer compensation' on the 990, which might require deeper scrutiny for full transparency.
Strengths
The following positive indicators were identified for New Vision For Independence Inc:
- Consistent growth in assets, from $176,126 in 201909 to $344,489 in 202309, demonstrating financial stability and capacity building.
- Zero reported officer compensation across all available filings, indicating a strong commitment to directing funds towards program services.
- Positive revenue growth from $446,503 in 202009 to $630,040 in 202309, showing increasing support and operational scale.
- Low liabilities relative to assets and revenue, indicating sound financial management and minimal debt.
- Consistent IRS 990 filing history over 13 periods, demonstrating a commitment to transparency and compliance.
Frequently Asked Questions about New Vision For Independence Inc
Is New Vision For Independence Inc a legitimate charity?
New Vision For Independence Inc (EIN: 203288751) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $785K. 2 red flags identified. 5 strengths noted. Financial health grade: A.
How does New Vision For Independence Inc spend its money?
New Vision For Independence Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to New Vision For Independence Inc tax-deductible?
New Vision For Independence Inc is registered as a tax-exempt nonprofit (EIN: 203288751). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Vision For Independence Inc's spending goes to programs?
New Vision For Independence Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Vision For Independence Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), New Vision For Independence Inc is above average for NTEE category P86 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Vision For Independence Inc located?
New Vision For Independence Inc is headquartered in Leesburg, Florida and files with the IRS under EIN 203288751. It is classified under NTEE code P86.
How many years of IRS 990 filings does New Vision For Independence Inc have?
New Vision For Independence 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 $785K in total revenue.
Is New Vision For Independence Inc a good charity?
Based on the provided data, New Vision For Independence Inc appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong focus on program spending. Its assets have grown steadily, and it maintains relatively low liabilities. The organization has also consistently filed its IRS 990 forms, demonstrating transparency.
How has the organization's financial health changed over time?
The organization has shown consistent growth in revenue and assets over the past few years. Revenue increased from $446,503 in 202009 to $630,040 in 202309, and assets grew from $277,311 to $344,489 in the same period. While there was a slight dip in revenue and a deficit in 202209, the organization recovered with a surplus in 202309.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant as it suggests that the organization's leadership may be entirely volunteer-based or that their compensation is covered through other non-officer roles, allowing a greater proportion of funds to be directed towards program services. This is a strong indicator of efficiency and dedication to the mission.
Are there any concerns about the organization's liabilities?
No, the organization's liabilities appear to be well-managed. In 202309, liabilities were $31,004, which is a small fraction of its assets ($344,489) and revenue ($630,040), indicating a healthy financial position with minimal debt burden.
Filing History
IRS 990 filing history for New Vision For Independence Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Vision For Independence Inc's revenue has grown by 71.3%, moving from $368K to $630K. Total assets increased by 44.3% over the same period, from $239K to $344K. Total functional expenses rose by 66.4%, from $361K to $601K. In its most recent filing year (2023), New Vision For Independence Inc reported a surplus of $29K, with revenue exceeding expenses. The organization holds $31K in liabilities against $344K in assets (debt-to-asset ratio: 9.0%), resulting in net assets of $313K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $630K | $601K | $344K | $31K | — | — |
| 2022 | $534K | $586K | $294K | $21K | — | View 990 |
| 2021 | $608K | $477K | $358K | $8K | — | View 990 |
| 2020 | $447K | $426K | $277K | $74K | — | View 990 |
| 2019 | $446K | $447K | $176K | $3K | — | View 990 |
| 2018 | $417K | $459K | $176K | $4K | — | View 990 |
| 2017 | $466K | $429K | $229K | $7K | — | View 990 |
| 2016 | $435K | $426K | $200K | $20K | — | View 990 |
| 2015 | $393K | $465K | $181K | $9K | — | View 990 |
| 2014 | $426K | $458K | $250K | $9K | — | View 990 |
| 2013 | $422K | $416K | $280K | $7K | — | View 990 |
| 2012 | $409K | $371K | $280K | $13K | — | View 990 |
| 2011 | $368K | $361K | $239K | $9K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $630K, expenses of $601K, and assets of $344K (revenue +18.0% year-over-year).
- 2022: Revenue of $534K, expenses of $586K, and assets of $294K (revenue -12.2% year-over-year).
- 2021: Revenue of $608K, expenses of $477K, and assets of $358K (revenue +36.2% year-over-year).
- 2020: Revenue of $447K, expenses of $426K, and assets of $277K (revenue +0.1% year-over-year).
- 2019: Revenue of $446K, expenses of $447K, and assets of $176K (revenue +7.0% year-over-year).
- 2018: Revenue of $417K, expenses of $459K, and assets of $176K (revenue -10.6% year-over-year).
- 2017: Revenue of $466K, expenses of $429K, and assets of $229K (revenue +7.2% year-over-year).
- 2016: Revenue of $435K, expenses of $426K, and assets of $200K (revenue +10.5% year-over-year).
- 2015: Revenue of $393K, expenses of $465K, and assets of $181K (revenue -7.6% year-over-year).
- 2014: Revenue of $426K, expenses of $458K, and assets of $250K (revenue +0.9% year-over-year).
- 2013: Revenue of $422K, expenses of $416K, and assets of $280K (revenue +3.4% year-over-year).
- 2012: Revenue of $409K, expenses of $371K, and assets of $280K (revenue +11.1% year-over-year).
- 2011: Revenue of $368K, expenses of $361K, and assets of $239K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Vision For Independence Inc:
Data Sources and Methodology
This transparency report for New Vision For Independence 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.