The New Press Inc
The New Press Inc. faces recent revenue decline and operating deficits despite a history of stable assets and no reported officer compensation.
EIN: 133584516 · New York, NY · NTEE: A330 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $9.1M |
| Total Expenses | $5.6M |
| Program Spending | 85% |
| Net Assets | $5.3M |
| Transparency Score | 85/100 |
Is The New Press Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
The New Press Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About The New Press Inc
The New Press Inc (EIN: 133584516) is a nonprofit organization based in New York, NY, classified under NTEE code A330. The organization reported total revenue of $9.1M and total assets of $6.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The New Press Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The New Press Inc is a mid-size nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.2M |
| Total Expenses | $5.6M |
| Surplus / Deficit | $-2,480,328 |
| Total Assets | $8.1M |
| Total Liabilities | $2.8M |
| Net Assets | $5.3M |
| Operating Margin | -78.5% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 17.2 months |
Financial Health Grade: B
In 2023, The New Press Inc reported a deficit of $2.5M with expenses exceeding revenue, holds 17.2 months of operating reserves (strong position), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), The New Press Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -39.2% | +11.8% | -16.3% |
| 2022 | -25.9% | -0.9% | -7.8% |
| 2021 | -5.7% | +4.6% | +15.1% |
| 2020 | +71.4% | +3.1% | +77.2% |
| 2019 | -4.4% | +3.7% | -8.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
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 The New Press 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, The New Press 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 $2.5M, with expenses exceeding revenue.
- Debt-to-asset ratio: 34.7%.
Executive Compensation Analysis
The New Press Inc. consistently reports 0% officer compensation across all available filings, indicating that no compensation is paid to officers, directors, trustees, or key employees, which is highly favorable for directing funds to programmatic activities.
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 The New Press Inc's IRS 990 filings:
- Significant operating deficit in 2023 ($2,480,328)
- Over 50% decline in revenue from 2021 to 2023
- Increasing liabilities in the most recent filing period ($2,803,649 in 2023)
Strengths
The following positive indicators were identified for The New Press Inc:
- Consistent reporting of 0% officer compensation, indicating high efficiency in executive pay.
- Historically strong asset base, providing some financial stability.
- Long-standing operational history with 14 filings, suggesting established presence.
Frequently Asked Questions about The New Press Inc
Is The New Press Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The New Press Inc (EIN: 133584516) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does The New Press Inc spend its money?
The New Press Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to The New Press Inc tax-deductible?
The New Press Inc is registered as a tax-exempt nonprofit (EIN: 133584516). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of The New Press Inc's spending goes to programs?
The New Press Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does The New Press Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), The New Press Inc is above average for NTEE category A330 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is The New Press Inc located?
The New Press Inc is headquartered in New York, New York and files with the IRS under EIN 133584516. It is classified under NTEE code A330.
How many years of IRS 990 filings does The New Press Inc have?
The New Press Inc has 14 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 $9.1M in total revenue.
Is The New Press Inc. financially sustainable given recent operating deficits?
The New Press Inc. has experienced operating deficits in recent years, with expenses exceeding revenue by $2,480,328 in 2023 and $1,698,988 in 2019. While its asset base of $8,087,640 in 2023 provides some buffer, this trend needs to be reversed for long-term financial sustainability.
What caused the significant drop in revenue from 2021 to 2023?
Revenue decreased from $7,017,448 in 2021 to $3,159,981 in 2023, a reduction of over 50%. The specific causes are not detailed in the provided data but would be crucial for understanding the organization's financial health.
How does the organization manage its liabilities, which reached $2,803,649 in 2023?
The organization's liabilities have fluctuated, peaking at $2,803,649 in 2023. Understanding the nature of these liabilities and the strategy for managing them is important for assessing financial risk.
Filing History
IRS 990 filing history for The New Press Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), The New Press Inc's revenue has grown by 17.1%, moving from $2.7M to $3.2M. Total assets increased by 213.5% over the same period, from $2.6M to $8.1M. Total functional expenses rose by 117.6%, from $2.6M to $5.6M. In its most recent filing year (2023), The New Press Inc reported a deficit of $2.5M, with expenses exceeding revenue. The organization holds $2.8M in liabilities against $8.1M in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.2M | $5.6M | $8.1M | $2.8M | — | — |
| 2022 | $5.2M | $5.0M | $9.7M | $1.5M | — | View 990 |
| 2021 | $7.0M | $5.1M | $10.5M | $2.2M | — | View 990 |
| 2020 | $7.4M | $4.9M | $9.1M | $2.8M | — | View 990 |
| 2019 | $4.3M | $4.7M | $5.1M | $1.4M | — | — |
| 2018 | $4.5M | $4.6M | $5.6M | $1.5M | — | View 990 |
| 2017 | $5.2M | $5.3M | $5.6M | $1.4M | — | View 990 |
| 2016 | $5.1M | $4.9M | $6.2M | $2.0M | — | View 990 |
| 2015 | $4.1M | $4.3M | $5.4M | $1.3M | — | View 990 |
| 2014 | $4.0M | $4.0M | $5.7M | $1.4M | — | View 990 |
| 2013 | $3.7M | $3.9M | $5.2M | $939K | — | View 990 |
| 2012 | $5.1M | $3.6M | $5.5M | $1.1M | — | View 990 |
| 2011 | $4.8M | $3.0M | $4.0M | $1.1M | — | View 990 |
| 2010 | $2.7M | $2.6M | $2.6M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.2M, expenses of $5.6M, and assets of $8.1M (revenue -39.2% year-over-year).
- 2022: Revenue of $5.2M, expenses of $5.0M, and assets of $9.7M (revenue -25.9% year-over-year).
- 2021: Revenue of $7.0M, expenses of $5.1M, and assets of $10.5M (revenue -5.7% year-over-year).
- 2020: Revenue of $7.4M, expenses of $4.9M, and assets of $9.1M (revenue +71.4% year-over-year).
- 2019: Revenue of $4.3M, expenses of $4.7M, and assets of $5.1M (revenue -4.4% year-over-year).
- 2018: Revenue of $4.5M, expenses of $4.6M, and assets of $5.6M (revenue -12.5% year-over-year).
- 2017: Revenue of $5.2M, expenses of $5.3M, and assets of $5.6M (revenue +2.6% year-over-year).
- 2016: Revenue of $5.1M, expenses of $4.9M, and assets of $6.2M (revenue +21.9% year-over-year).
- 2015: Revenue of $4.1M, expenses of $4.3M, and assets of $5.4M (revenue +4.4% year-over-year).
- 2014: Revenue of $4.0M, expenses of $4.0M, and assets of $5.7M (revenue +6.4% year-over-year).
- 2013: Revenue of $3.7M, expenses of $3.9M, and assets of $5.2M (revenue -27.4% year-over-year).
- 2012: Revenue of $5.1M, expenses of $3.6M, and assets of $5.5M (revenue +6.1% year-over-year).
- 2011: Revenue of $4.8M, expenses of $3.0M, and assets of $4.0M (revenue +79.6% year-over-year).
- 2010: Revenue of $2.7M, expenses of $2.6M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The New Press Inc:
Data Sources and Methodology
This transparency report for The New Press 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.