Newthing Nfp

Newthing Nfp operated at a deficit in its latest fiscal year, with expenses exceeding revenue by nearly $190,000.

EIN: 204627269 · Naperville, IL · NTEE: X20 · Updated: 2026-03-28

$939KRevenue

$777KAssets

75/100Mission Score (Good)

X20

About Newthing Nfp

Newthing Nfp (EIN: 204627269) is a nonprofit organization based in Naperville, IL, classified under NTEE code X20. The organization reported total revenue of $939K and total assets of $777K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newthing Nfp's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Newthing Nfp, based in Naperville, IL, appears to be in a stable financial position with total assets of $777,159 against liabilities of $54,110, indicating a healthy equity base. However, the organization reported expenses of $1,128,447 against revenues of $939,402 for the 202309 period, resulting in a deficit for the year. This suggests that while the organization has a solid asset base, its operational spending exceeded its income in the most recent filing period, which could be a concern if it becomes a recurring trend. The absence of reported officer compensation indicates a potential reliance on volunteer leadership or that compensation falls below reporting thresholds, which can be a positive sign for donor confidence regarding executive pay.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Newthing Nfp 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, Newthing Nfp 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.

Executive Compensation Analysis

The organization reported 0% officer compensation, suggesting either a volunteer-led executive team or that compensation levels are below IRS reporting thresholds, which is generally positive for donor perception regarding executive pay relative to the organization's $939,402 revenue.

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 Newthing Nfp's IRS 990 filings:

Operational deficit in the latest fiscal year ($189,045)
Expenses ($1,128,447) significantly exceeded revenue ($939,402)

Strengths

The following positive indicators were identified for Newthing Nfp:

Healthy asset base ($777,159) relative to liabilities ($54,110)
No reported officer compensation, suggesting efficient use of funds for leadership or volunteer-driven executive roles

Frequently Asked Questions about Newthing Nfp

Is Newthing Nfp a good charity?

Newthing Nfp demonstrates a solid asset base ($777,159) and no reported officer compensation, which are positive indicators. However, its expenses ($1,128,447) exceeded its revenue ($939,402) in the latest period, leading to a deficit. Donors should consider if this deficit is a one-time event or a trend.

What is the primary concern regarding Newthing Nfp's finances?

The primary concern is the operational deficit of $189,045 in the 202309 period, where expenses ($1,128,447) significantly outpaced revenue ($939,402). This indicates that the organization spent more than it earned during that fiscal year.

Filing History

IRS 990 filing history for Newthing Nfp showing financial trends over 1 year of public records:

In its most recent filing year (2023), Newthing Nfp reported a deficit of $189K, with expenses exceeding revenue. The organization holds $54K in liabilities against $777K in assets (debt-to-asset ratio: 7.0%), resulting in net assets of $723K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$939K	$1.1M	$777K	$54K	—	View 990

Data Sources and Methodology

This transparency report for Newthing Nfp 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.