New Vision Holdings Llc
EIN: 352605505 · San Diego, CA
Is New Vision Holdings Llc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Vision Holdings Llc
New Vision Holdings Llc (EIN: 352605505) is a nonprofit organization based in San Diego, CA. The organization reported total revenue of $5.5M and total assets of $33.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Vision Holdings Llc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Vision Holdings Llc is a mid-size nonprofit that has been operating for 8 years, with 6 years of IRS 990 filings on record (2018–2023). Revenue has grown at a compound annual rate of 20.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $884K |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-1,055,775 |
| Total Assets | $30.6M |
| Total Liabilities | $20K |
| Net Assets | $30.6M |
| Operating Margin | -119.5% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 189.2 months |
Financial Health Grade: B
In 2023, New Vision Holdings Llc reported a deficit of $1.1M with expenses exceeding revenue, holds 189.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 6 years of filings (2018–2023), New Vision Holdings Llc's revenue has grown at a compound annual growth rate (CAGR) of 20.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.9% | +0.8% | +4.8% |
| 2022 | -75.7% | +9.0% | -12.2% |
| 2021 | +34.3% | +41.8% | +4.4% |
| 2020 | +38.0% | +2.5% | +3.6% |
| 2019 | +387.4% | -54.6% | +2.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Vision Holdings Llc 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 Vision Holdings Llc 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 deficit of $1.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Frequently Asked Questions about New Vision Holdings Llc
Is New Vision Holdings Llc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Vision Holdings Llc (EIN: 352605505) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Vision Holdings Llc spend its money?
Detailed spending breakdown data is not yet available for New Vision Holdings Llc. Check back for updated IRS 990 analysis.
Are donations to New Vision Holdings Llc tax-deductible?
New Vision Holdings Llc is registered as a tax-exempt nonprofit (EIN: 352605505). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for New Vision Holdings Llc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2018–2023), New Vision Holdings Llc's revenue has grown by 151.9%, moving from $351K to $884K. Total assets increased by 1.5% over the same period, from $30.1M to $30.6M. Total functional expenses fell by 27.6%, from $2.7M to $1.9M. In its most recent filing year (2023), New Vision Holdings Llc reported a deficit of $1.1M, with expenses exceeding revenue. The organization holds $20K in liabilities against $30.6M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $30.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $884K | $1.9M | $30.6M | $20K | — | — |
| 2022 | $769K | $1.9M | $29.2M | $20K | — | View 990 |
| 2021 | $3.2M | $1.8M | $33.2M | $0 | — | View 990 |
| 2020 | $2.4M | $1.2M | $31.8M | $0 | — | View 990 |
| 2019 | $1.7M | $1.2M | $30.7M | $0 | — | — |
| 2018 | $351K | $2.7M | $30.1M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $884K, expenses of $1.9M, and assets of $30.6M (revenue +14.9% year-over-year).
- 2022: Revenue of $769K, expenses of $1.9M, and assets of $29.2M (revenue -75.7% year-over-year).
- 2021: Revenue of $3.2M, expenses of $1.8M, and assets of $33.2M (revenue +34.3% year-over-year).
- 2020: Revenue of $2.4M, expenses of $1.2M, and assets of $31.8M (revenue +38.0% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.2M, and assets of $30.7M (revenue +387.4% year-over-year).
- 2018: Revenue of $351K, expenses of $2.7M, and assets of $30.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Vision Holdings Llc:
Data Sources and Methodology
This transparency report for New Vision Holdings Llc 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.