New World Foundation
New World Foundation shows recent deficit spending despite substantial assets and no reported officer compensation.
EIN: 131919791 · New York, NY · NTEE: T310 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $84.4M |
| Total Expenses | $24.7M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $122 |
| Net Assets | $110.6M |
| Transparency Score | 75/100 |
Is New World Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New World Foundation directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New World Foundation
New World Foundation (EIN: 131919791) is a nonprofit organization based in New York, NY, classified under NTEE code T310. The organization reported total revenue of $84.4M and total assets of $122.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New World Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New World Foundation is a major nonprofit that has been operating for 67 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $20.3M |
| Total Expenses | $24.7M |
| Surplus / Deficit | $-4,358,193 |
| Total Assets | $123.5M |
| Total Liabilities | $12.9M |
| Net Assets | $110.6M |
| Operating Margin | -21.4% |
| Debt-to-Asset Ratio | 10.4% |
| Months of Reserves | 60.0 months |
Financial Health Grade: B
In 2023, New World Foundation reported a deficit of $4.4M with expenses exceeding revenue, holds 60.0 months of operating reserves (strong position), has a debt-to-asset ratio of 10.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New World Foundation's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +62.8% | +53.0% | -0.8% |
| 2022 | -14.7% | -31.9% | -5.6% |
| 2021 | -66.6% | -1.6% | -29.5% |
| 2020 | -22.9% | +39.3% | +13.6% |
| 2019 | +20.2% | -2.7% | +31.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1959 |
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 World Foundation with a Mission Score of 75 out of 100 (Good). 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 World Foundation 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 $4.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 10.4%.
Executive Compensation Analysis
The New World Foundation consistently reports 0% officer compensation across all available filings, indicating that no salaries or benefits are paid to its officers, which is highly unusual for an organization of its size with assets exceeding $122 million. This suggests either a volunteer leadership structure or that compensation is reported under different categories, requiring further investigation for complete 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 World Foundation's IRS 990 filings:
- Consistent deficit spending in recent fiscal periods (e.g., 202309 expenses $24.6M vs. revenue $20.3M)
- Significant fluctuations in revenue year-over-year, making financial planning appear volatile (e.g., $6.9M in 201609 vs. $68.8M in 201709)
- Unusually high asset base relative to recent annual expenses, which could indicate under-spending on programs or significant endowment growth.
Strengths
The following positive indicators were identified for New World Foundation:
- Zero reported officer compensation across all filings, indicating strong transparency in executive pay.
- Substantial asset base of $122,021,495 provides significant financial stability and capacity for future operations.
- Long history of IRS 990 filings (13 filings), demonstrating consistent compliance and public disclosure.
Frequently Asked Questions about New World Foundation
Is New World Foundation a legitimate charity?
New World Foundation (EIN: 131919791) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $84.4M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does New World Foundation spend its money?
New World Foundation directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New World Foundation tax-deductible?
New World Foundation is registered as a tax-exempt nonprofit (EIN: 131919791). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New World Foundation CEO make?
New World Foundation's highest-compensated officer earns $122 annually. The organization reported $84.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New World Foundation's spending goes to programs?
New World Foundation directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New World Foundation compare to similar nonprofits?
With a transparency score of 75/100 (Good), New World Foundation is above average for NTEE category T310 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New World Foundation located?
New World Foundation is headquartered in New York, New York and files with the IRS under EIN 131919791. It is classified under NTEE code T310.
How many years of IRS 990 filings does New World Foundation have?
New World Foundation 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 $84.4M in total revenue.
Is New World Foundation a good charity?
The New World Foundation exhibits strong financial transparency regarding executive compensation, reporting 0% officer compensation across all filings. Its substantial asset base of $122,021,495 provides a buffer, but recent years show expenses exceeding revenue (e.g., $24,684,927 expenses vs. $20,326,734 revenue in 202309). A 'good' charity depends on individual donor priorities, but its financial stability and transparency in executive pay are positive indicators.
Why are expenses consistently higher than revenue in recent years?
In the periods 202309, 202209, 202109, 201609, and 201509, the New World Foundation's expenses exceeded its revenue. For example, in 202309, expenses were $24,684,927 while revenue was $20,326,734. This could be due to strategic spending from reserves, market fluctuations impacting investment income (a common revenue source for foundations), or increased grantmaking activity. Further detailed financial statements would be needed to understand the specific reasons.
How does the foundation manage its significant assets?
The New World Foundation holds substantial assets, with the latest reported at $122,021,495. Its asset base has fluctuated significantly, reaching a high of $187,057,457 in 202009. As a foundation (NTEE T310), it likely manages these assets as an endowment to generate investment income, which then supports its grantmaking and operational expenses. The consistent reporting of 0% officer compensation suggests that asset management fees are not being paid to internal officers.
Filing History
IRS 990 filing history for New World Foundation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New World Foundation's revenue has grown by 29.8%, moving from $15.7M to $20.3M. Total assets increased by 264.6% over the same period, from $33.9M to $123.5M. Total functional expenses rose by 50.3%, from $16.4M to $24.7M. In its most recent filing year (2023), New World Foundation reported a deficit of $4.4M, with expenses exceeding revenue. The organization holds $12.9M in liabilities against $123.5M in assets (debt-to-asset ratio: 10.4%), resulting in net assets of $110.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $20.3M | $24.7M | $123.5M | $12.9M | — | — |
| 2022 | $12.5M | $16.1M | $124.5M | $12.4M | — | View 990 |
| 2021 | $14.6M | $23.7M | $131.9M | $10.3M | — | View 990 |
| 2020 | $43.8M | $24.1M | $187.1M | $13.4M | — | — |
| 2019 | $56.8M | $17.3M | $164.7M | $10.9M | — | View 990 |
| 2018 | $47.3M | $17.8M | $125.0M | $10.3M | — | View 990 |
| 2017 | $68.8M | $18.4M | $94.7M | $9.4M | — | View 990 |
| 2016 | $6.9M | $17.6M | $43.4M | $10.1M | — | View 990 |
| 2015 | $8.1M | $15.8M | $45.5M | $2.8M | — | View 990 |
| 2014 | $37.4M | $15.0M | $54.5M | $2.9M | — | View 990 |
| 2013 | $9.6M | $10.2M | $31.5M | $2.4M | — | View 990 |
| 2012 | $7.0M | $9.7M | $32.4M | $3.1M | — | View 990 |
| 2011 | $15.7M | $16.4M | $33.9M | $3.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $20.3M, expenses of $24.7M, and assets of $123.5M (revenue +62.8% year-over-year).
- 2022: Revenue of $12.5M, expenses of $16.1M, and assets of $124.5M (revenue -14.7% year-over-year).
- 2021: Revenue of $14.6M, expenses of $23.7M, and assets of $131.9M (revenue -66.6% year-over-year).
- 2020: Revenue of $43.8M, expenses of $24.1M, and assets of $187.1M (revenue -22.9% year-over-year).
- 2019: Revenue of $56.8M, expenses of $17.3M, and assets of $164.7M (revenue +20.2% year-over-year).
- 2018: Revenue of $47.3M, expenses of $17.8M, and assets of $125.0M (revenue -31.3% year-over-year).
- 2017: Revenue of $68.8M, expenses of $18.4M, and assets of $94.7M (revenue +893.0% year-over-year).
- 2016: Revenue of $6.9M, expenses of $17.6M, and assets of $43.4M (revenue -14.6% year-over-year).
- 2015: Revenue of $8.1M, expenses of $15.8M, and assets of $45.5M (revenue -78.3% year-over-year).
- 2014: Revenue of $37.4M, expenses of $15.0M, and assets of $54.5M (revenue +288.2% year-over-year).
- 2013: Revenue of $9.6M, expenses of $10.2M, and assets of $31.5M (revenue +37.7% year-over-year).
- 2012: Revenue of $7.0M, expenses of $9.7M, and assets of $32.4M (revenue -55.4% year-over-year).
- 2011: Revenue of $15.7M, expenses of $16.4M, and assets of $33.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New World Foundation:
Data Sources and Methodology
This transparency report for New World Foundation 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.