New Visions For Public Schools Inc
New Visions For Public Schools Inc reports recent operational deficits despite substantial assets and no officer compensation.
EIN: 133538961 · New York, NY · NTEE: B190 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $41.9M |
| Total Expenses | $37.7M |
| Program Spending | 85% |
| Net Assets | $52.2M |
| Transparency Score | 85/100 |
Is New Visions For Public Schools Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Visions For Public Schools Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Visions For Public Schools Inc
New Visions For Public Schools Inc (EIN: 133538961) is a nonprofit organization based in New York, NY, classified under NTEE code B190. The organization reported total revenue of $41.9M and total assets of $80.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Visions For Public Schools Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Visions For Public Schools Inc is a large nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $27.4M |
| Total Expenses | $37.7M |
| Surplus / Deficit | $-10,299,840 |
| Total Assets | $81.8M |
| Total Liabilities | $29.6M |
| Net Assets | $52.2M |
| Operating Margin | -37.6% |
| Debt-to-Asset Ratio | 36.1% |
| Months of Reserves | 26.0 months |
Financial Health Grade: B
In 2023, New Visions For Public Schools Inc reported a deficit of $10.3M with expenses exceeding revenue, holds 26.0 months of operating reserves (strong position), has a debt-to-asset ratio of 36.1% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Visions For Public Schools Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -10.5% | +23.0% | +8.1% |
| 2022 | -8.2% | +9.8% | -5.0% |
| 2021 | +34.3% | +1.8% | +14.6% |
| 2020 | -32.4% | +0.8% | -0.9% |
| 2019 | +43.2% | -2.3% | +20.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
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 Visions For Public Schools 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Visions For Public Schools Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $10.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.1%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that officers are not receiving salaries from the organization, which is a highly positive sign for financial stewardship and transparency.
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 Visions For Public Schools Inc's IRS 990 filings:
- Expenses exceeding revenue in recent periods (e.g., 202306: $37.7M expenses vs $27.4M revenue)
- Increase in liabilities from $14.6M in 202206 to $29.5M in 202306
Strengths
The following positive indicators were identified for New Visions For Public Schools Inc:
- Substantial and growing asset base ($81.8M in 202306)
- Consistent reporting of 0% officer compensation across all filing periods
- Long history of IRS 990 filings (13 filings), indicating transparency and longevity
- Significant program activity implied by high expense levels
Frequently Asked Questions about New Visions For Public Schools Inc
Is New Visions For Public Schools Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Visions For Public Schools Inc (EIN: 133538961) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does New Visions For Public Schools Inc spend its money?
New Visions For Public Schools Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Visions For Public Schools Inc tax-deductible?
New Visions For Public Schools Inc is registered as a tax-exempt nonprofit (EIN: 133538961). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Visions For Public Schools Inc's spending goes to programs?
New Visions For Public Schools Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Visions For Public Schools Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Visions For Public Schools Inc is above average for NTEE category B190 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Visions For Public Schools Inc located?
New Visions For Public Schools Inc is headquartered in New York, New York and files with the IRS under EIN 133538961. It is classified under NTEE code B190.
How many years of IRS 990 filings does New Visions For Public Schools Inc have?
New Visions For Public Schools 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 $41.9M in total revenue.
Is New Visions For Public Schools Inc experiencing financial instability due to recent deficits?
While New Visions For Public Schools Inc has reported expenses exceeding revenue in the 202306 ($37.7M expenses vs $27.4M revenue) and 202206 periods, its substantial asset base of $81.8M in 202306 suggests it has significant reserves to absorb these short-term operational deficits, mitigating immediate instability concerns.
How does the organization fund its operations given the recent revenue shortfalls?
The organization likely draws upon its considerable assets, which stood at $81,807,141 in 202306, to cover operational expenses when revenue falls short. This indicates a reliance on accumulated reserves or potentially other non-operating income sources not detailed in the provided revenue figures.
What is the significance of 0% officer compensation?
The consistent reporting of 0% officer compensation across all 13 filing periods is a significant strength, indicating that the organization's top leadership is either volunteering their time or being compensated through other means not directly from the organization's operational budget, which enhances public trust and directs more funds to programs.
Filing History
IRS 990 filing history for New Visions For Public Schools Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Visions For Public Schools Inc's revenue has grown by 33.5%, moving from $20.5M to $27.4M. Total assets increased by 104.2% over the same period, from $40.1M to $81.8M. Total functional expenses rose by 109.6%, from $18.0M to $37.7M. In its most recent filing year (2023), New Visions For Public Schools Inc reported a deficit of $10.3M, with expenses exceeding revenue. The organization holds $29.6M in liabilities against $81.8M in assets (debt-to-asset ratio: 36.1%), resulting in net assets of $52.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $27.4M | $37.7M | $81.8M | $29.6M | — | View 990 |
| 2022 | $30.6M | $30.7M | $75.7M | $14.7M | — | View 990 |
| 2021 | $33.4M | $27.9M | $79.6M | $13.0M | — | View 990 |
| 2020 | $24.8M | $27.4M | $69.5M | $13.9M | — | View 990 |
| 2019 | $36.7M | $27.2M | $70.1M | $12.4M | — | View 990 |
| 2018 | $25.7M | $27.8M | $58.1M | $10.0M | — | View 990 |
| 2017 | $28.0M | $27.8M | $59.2M | $9.5M | — | View 990 |
| 2016 | $38.1M | $26.2M | $60.5M | $12.3M | — | View 990 |
| 2015 | $30.3M | $23.2M | $40.4M | $2.9M | — | View 990 |
| 2014 | $22.9M | $23.2M | $34.7M | $2.9M | — | View 990 |
| 2013 | $15.8M | $21.4M | $33.5M | $2.9M | — | View 990 |
| 2012 | $20.1M | $19.6M | $39.8M | $4.2M | — | View 990 |
| 2011 | $20.5M | $18.0M | $40.1M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $27.4M, expenses of $37.7M, and assets of $81.8M (revenue -10.5% year-over-year).
- 2022: Revenue of $30.6M, expenses of $30.7M, and assets of $75.7M (revenue -8.2% year-over-year).
- 2021: Revenue of $33.4M, expenses of $27.9M, and assets of $79.6M (revenue +34.3% year-over-year).
- 2020: Revenue of $24.8M, expenses of $27.4M, and assets of $69.5M (revenue -32.4% year-over-year).
- 2019: Revenue of $36.7M, expenses of $27.2M, and assets of $70.1M (revenue +43.2% year-over-year).
- 2018: Revenue of $25.7M, expenses of $27.8M, and assets of $58.1M (revenue -8.3% year-over-year).
- 2017: Revenue of $28.0M, expenses of $27.8M, and assets of $59.2M (revenue -26.7% year-over-year).
- 2016: Revenue of $38.1M, expenses of $26.2M, and assets of $60.5M (revenue +25.9% year-over-year).
- 2015: Revenue of $30.3M, expenses of $23.2M, and assets of $40.4M (revenue +32.2% year-over-year).
- 2014: Revenue of $22.9M, expenses of $23.2M, and assets of $34.7M (revenue +44.7% year-over-year).
- 2013: Revenue of $15.8M, expenses of $21.4M, and assets of $33.5M (revenue -21.2% year-over-year).
- 2012: Revenue of $20.1M, expenses of $19.6M, and assets of $39.8M (revenue -2.1% year-over-year).
- 2011: Revenue of $20.5M, expenses of $18.0M, and assets of $40.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Visions For Public Schools Inc:
Data Sources and Methodology
This transparency report for New Visions For Public Schools 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.