Newcomer Family Foundation Inc
Newcomer Family Foundation maintains over $1.1M in assets despite recent years of expenses exceeding revenue.
EIN: 134199724 · Jackson, WY · NTEE: T20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $126K |
| Total Expenses | $95K |
| Program Spending | 80% |
| Net Assets | $1.1M |
| Transparency Score | 75/100 |
Is Newcomer Family Foundation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newcomer Family Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Newcomer Family Foundation Inc
Newcomer Family Foundation Inc (EIN: 134199724) is a nonprofit organization based in Jackson, WY, classified under NTEE code T20. The organization reported total revenue of $126K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newcomer Family Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newcomer Family Foundation Inc is a small nonprofit that has been operating for 24 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $66K |
| Total Expenses | $95K |
| Surplus / Deficit | $-28,735 |
| Total Assets | $1.1M |
| Total Liabilities | $1 |
| Net Assets | $1.1M |
| Operating Margin | -43.4% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 142.4 months |
Financial Health Grade: B
In 2023, Newcomer Family Foundation Inc reported a deficit of $29K with expenses exceeding revenue, holds 142.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Newcomer Family Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +47.1% | -27.3% | -2.5% |
| 2022 | -76.3% | +305.0% | -6.9% |
| 2021 | +324.1% | -50.8% | +14.6% |
| 2020 | -34.3% | +40.0% | -1.9% |
| 2019 | -79.4% | -43.8% | +5.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Newcomer Family Foundation Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Newcomer Family Foundation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating a volunteer-led organization or one where leadership is compensated through other means, which is highly favorable for minimizing overhead.
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 Newcomer Family Foundation Inc's IRS 990 filings:
- Expenses consistently exceeding revenue in recent periods (e.g., 202312, 202212), potentially drawing down assets if not offset by investment gains or future large contributions.
- Lack of detailed expense breakdown in provided data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Newcomer Family Foundation Inc:
- Substantial asset base ($1,115,725) provides financial stability.
- Zero officer compensation reported across all filings, indicating low administrative overhead.
- Very low liabilities ($1 in recent years) suggests strong financial management and minimal debt.
- Long operating history with 10 filings, indicating established presence.
Frequently Asked Questions about Newcomer Family Foundation Inc
Is Newcomer Family Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Newcomer Family Foundation Inc (EIN: 134199724) some concerns. Mission Score: 75/100. 2 red flags identified, 4 strengths noted.
How does Newcomer Family Foundation Inc spend its money?
Newcomer Family Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Newcomer Family Foundation Inc tax-deductible?
Newcomer Family Foundation Inc is registered as a tax-exempt nonprofit (EIN: 134199724). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Newcomer Family Foundation Inc's spending goes to programs?
Newcomer Family Foundation Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Newcomer Family Foundation Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Newcomer Family Foundation Inc is above average for NTEE category T20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Newcomer Family Foundation Inc located?
Newcomer Family Foundation Inc is headquartered in Jackson, Wyoming and files with the IRS under EIN 134199724. It is classified under NTEE code T20.
How many years of IRS 990 filings does Newcomer Family Foundation Inc have?
Newcomer Family Foundation Inc has 10 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 $126K in total revenue.
Is Newcomer Family Foundation Inc. financially stable?
Yes, the organization appears financially stable due to its substantial asset base of over $1.1 million, which can absorb periods where expenses exceed revenue, as seen in 202312 and 202212.
How does the organization manage its expenses relative to its revenue?
The organization has experienced periods where expenses significantly outpaced revenue, such as in 202212 ($130,436 expenses vs. $44,974 revenue). This suggests it may be drawing from its assets or endowment to fund operations, rather than solely relying on annual contributions.
What is the trend in the organization's assets?
The organization's assets have generally grown over the long term, from $787,153 in 201112 to $1,115,725 currently, although there has been a slight decrease from a peak of $1,239,902 in 202112 to $1,125,705 in 202312.
Does the organization pay its officers?
No, the IRS 990 filings consistently report 0% officer compensation across all available periods, indicating a volunteer-driven leadership.
Filing History
IRS 990 filing history for Newcomer Family Foundation Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Newcomer Family Foundation Inc's revenue has grown by 35.8%, moving from $49K to $66K. Total assets increased by 43% over the same period, from $787K to $1.1M. Total functional expenses rose by 55.2%, from $61K to $95K. In its most recent filing year (2023), Newcomer Family Foundation Inc reported a deficit of $29K, with expenses exceeding revenue. The organization holds $1 in liabilities against $1.1M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $66K | $95K | $1.1M | $1 | — | — |
| 2022 | $45K | $130K | $1.2M | $1 | — | — |
| 2021 | $190K | $32K | $1.2M | $1 | — | — |
| 2020 | $45K | $66K | $1.1M | $1 | — | — |
| 2019 | $68K | $47K | $1.1M | $0 | — | View 990 |
| 2015 | $330K | $83K | $1.0M | $0 | — | View 990 |
| 2014 | $75K | $79K | $808K | $8K | — | View 990 |
| 2013 | $103K | $93K | $804K | $0 | — | View 990 |
| 2012 | $31K | $24K | $794K | $0 | — | View 990 |
| 2011 | $49K | $61K | $787K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $66K, expenses of $95K, and assets of $1.1M (revenue +47.1% year-over-year).
- 2022: Revenue of $45K, expenses of $130K, and assets of $1.2M (revenue -76.3% year-over-year).
- 2021: Revenue of $190K, expenses of $32K, and assets of $1.2M (revenue +324.1% year-over-year).
- 2020: Revenue of $45K, expenses of $66K, and assets of $1.1M (revenue -34.3% year-over-year).
- 2019: Revenue of $68K, expenses of $47K, and assets of $1.1M (revenue -79.4% year-over-year).
- 2015: Revenue of $330K, expenses of $83K, and assets of $1.0M (revenue +342.3% year-over-year).
- 2014: Revenue of $75K, expenses of $79K, and assets of $808K (revenue -27.7% year-over-year).
- 2013: Revenue of $103K, expenses of $93K, and assets of $804K (revenue +234.8% year-over-year).
- 2012: Revenue of $31K, expenses of $24K, and assets of $794K (revenue -36.6% year-over-year).
- 2011: Revenue of $49K, expenses of $61K, and assets of $787K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newcomer Family Foundation Inc:
Data Sources and Methodology
This transparency report for Newcomer Family Foundation 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.