Newborns In Need Inc
EIN: 431808983 · Pfafftown, NC · NTEE: T30
Is Newborns In Need Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newborns In Need Inc
Newborns In Need Inc (EIN: 431808983) is a nonprofit organization based in Pfafftown, NC, classified under NTEE code T30. The organization reported total revenue of $1.9M and total assets of $610K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newborns In Need Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newborns In Need Inc is a mid-size nonprofit that has been operating for 28 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 20.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.7M |
| Surplus / Deficit | +$20K |
| Total Assets | $616K |
| Total Liabilities | $45K |
| Net Assets | $571K |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 7.3% |
| Months of Reserves | 4.3 months |
Financial Health Grade: A
In 2023, Newborns In Need Inc reported a surplus of $20K with revenue exceeding expenses, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 7.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Newborns In Need Inc's revenue has grown at a compound annual growth rate (CAGR) of 20.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.2% | +40.7% | +3.8% |
| 2022 | +18.6% | +11.2% | +12.2% |
| 2021 | +5.6% | +9.6% | -7.2% |
| 2020 | -20.8% | -18.6% | +1.8% |
| 2019 | -8.8% | -1.5% | +9.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Newborns In Need 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 Newborns In Need 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 $20K, with revenue exceeding expenses.
- Debt-to-asset ratio: 7.3%.
Frequently Asked Questions about Newborns In Need Inc
Is Newborns In Need Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Newborns In Need Inc (EIN: 431808983) insufficient data. 0 red flags identified, 0 strengths noted.
How does Newborns In Need Inc spend its money?
Detailed spending breakdown data is not yet available for Newborns In Need Inc. Check back for updated IRS 990 analysis.
Are donations to Newborns In Need Inc tax-deductible?
Newborns In Need Inc is registered as a tax-exempt nonprofit (EIN: 431808983). 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 Newborns In Need Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Newborns In Need Inc's revenue has grown by 808.3%, moving from $191K to $1.7M. Total assets increased by 320.9% over the same period, from $146K to $616K. Total functional expenses rose by 1016.6%, from $153K to $1.7M. In its most recent filing year (2023), Newborns In Need Inc reported a surplus of $20K, with revenue exceeding expenses. The organization holds $45K in liabilities against $616K in assets (debt-to-asset ratio: 7.3%), resulting in net assets of $571K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.7M | $616K | $45K | — | — |
| 2022 | $1.3M | $1.2M | $593K | $53K | — | View 990 |
| 2021 | $1.1M | $1.1M | $529K | $2K | — | — |
| 2020 | $1.0M | $999K | $569K | $5K | — | — |
| 2019 | $1.3M | $1.2M | $559K | $3K | — | View 990 |
| 2018 | $1.4M | $1.2M | $512K | $2K | — | View 990 |
| 2017 | $1.3M | $1.3M | $365K | $2K | — | View 990 |
| 2016 | $1.3M | $1.3M | $315K | $2K | — | View 990 |
| 2015 | $1.3M | $1.2M | $300K | $899 | — | View 990 |
| 2014 | $1.4M | $1.3M | $223K | $624 | — | View 990 |
| 2013 | $1.5M | $1.5M | $146K | $0 | — | View 990 |
| 2012 | $1.4M | $1.4M | $140K | $385 | — | View 990 |
| 2011 | $191K | $153K | $146K | $280 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.7M, and assets of $616K (revenue +37.2% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.2M, and assets of $593K (revenue +18.6% year-over-year).
- 2021: Revenue of $1.1M, expenses of $1.1M, and assets of $529K (revenue +5.6% year-over-year).
- 2020: Revenue of $1.0M, expenses of $999K, and assets of $569K (revenue -20.8% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.2M, and assets of $559K (revenue -8.8% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.2M, and assets of $512K (revenue +5.7% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $365K (revenue +2.6% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.3M, and assets of $315K (revenue -2.9% year-over-year).
- 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $300K (revenue -2.8% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $223K (revenue -8.6% year-over-year).
- 2013: Revenue of $1.5M, expenses of $1.5M, and assets of $146K (revenue +5.8% year-over-year).
- 2012: Revenue of $1.4M, expenses of $1.4M, and assets of $140K (revenue +638.5% year-over-year).
- 2011: Revenue of $191K, expenses of $153K, and assets of $146K.
Data Sources and Methodology
This transparency report for Newborns In Need 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.