Overview
What is New Economy Project Inc?
New Economy Project Inc, situated in New York City, is a nonprofit organization dedicated to promoting an equitable and sustainable economy for all New Yorkers. Rooted in racial and social justice, cooperation, neighborhood equity, and ecological sustainability, their mission is to combat systemic discrimination and develop the necessary institutions, policies, and public support for a just economy. By collaborating with community groups, New Economy Project works tirelessly to foster lasting transformational change. With a staff of 18 individuals, they provide strategic, organizing, and legal support for various economic justice and community-based economic development matters.
Official website here: www.neweconomynyc.org
What are the reviews and ratings of this charity?
Rating from Charity Navigator: 97% (Four-Star out of Four Star rating)
New Economy Project Inc has achieved an impressive Four-Star rating from Charity Navigator, reflecting its strong accountability and financial health. The organization boasts an exemplary score of 97 in its Accountability & Finance category, highlighting its commitment to transparency and sound financial practices. All board members are independent, and the organization has no noted issues regarding the diversion of assets, which further underscores its integrity.
The nonprofit excels in utilizing constituent feedback, receiving a perfect score of 100 in areas such as feedback collection and usage. This indicates a robust engagement with the community it serves, ensuring that its programs are effectively meeting the needs of its constituents. Moreover, the organization’s financial metrics are strong, with a program expense ratio of 80.83%, indicating that a significant portion of its resources is directed towards its mission.
While the organization performs well overall, there are minor limitations in the equity data and policies scores, which reflect areas that could benefit from further development. Nevertheless, the high scores in other categories demonstrate a well-rounded and effective organization dedicated to its cause.
This AI summary has been generated from information found on Charity Navigator.
Is New Economy Project Inc legitimate?
New Economy Project Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. New Economy Project Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $736,649
Professional Fundraising Fees: $0
Other Salaries and Wages: $861,828
For more financial information, click here
Official website here: www.neweconomynyc.org
What is the mission statement of New Economy Project Inc?
The New Economy Project Inc's mission is centered around establishing an economy that caters to the needs of all New Yorkers, deeply rooted in racial and social justice, cooperation, neighborhood equity, and ecological sustainability. The organization partners with community groups to combat systemic discrimination and construct the necessary institutions, policies, and public support required for a fair economy. They believe that a dual strategy of challenging discrimination and establishing supportive structures is essential to bring about lasting, transformative change.
Official website here: www.neweconomynyc.org
What is the revenue of New Economy Project Inc?
New Economy Project Inc's revenue in 2024 was $3,886,355.
Official website here: www.neweconomynyc.org
Who are the executives of New Economy Project Inc and what are their salaries?
The average compensation at New Economy Project Inc during 2024 was $94,028. There are 17 employees and 7 volunteers at New Economy Project Inc.
Here are 12 key members and their salaries:
- Compensation: $175,795
- Related: $0
- Other: $14,134
- Compensation: $169,254
- Related: $0
- Other: $6,700
- Compensation: $137,375
- Related: $0
- Other: $28,985
- Compensation: $127,000
- Related: $0
- Other: $12,857
- Compensation: $127,225
- Related: $0
- Other: $7,951
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.neweconomynyc.org
Where can I find the form 990 for New Economy Project Inc?
New Economy Project Inc's most recent form 990 was submitted in 2024 and can be accessed here.
Official website here: www.neweconomynyc.org
Learn more at the official website: www.neweconomynyc.org
Mission Statement of New Economy Project Inc
The New Economy Project Inc is committed to building an economy that benefits all New Yorkers, grounded in racial and social justice, cooperation, neighborhood equity, and ecological sustainability. This mission-driven organization collaborates with community groups to combat systemic discrimination and establishes the necessary institutions, policies, and public support for a fair economy. The New Economy Project believes that employing a dual strategy of challenging discrimination and advancing institutional change is essential for achieving lasting, transformative change.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
October, 2024
New Economy Project Inc actively fosters an equitable economy for all New Yorkers by emphasizing racial and social justice, cooperation, neighborhood equity, and ecological sustainability. The organization collaborates with community groups to challenge systemic discrimination and advocates for policies that support economic justice. By providing organizing, strategic, and legal support across a broad spectrum of economic justice and community development issues, New Economy Project Inc empowers communities to build more inclusive economic systems. Their dual strategy, which combines grassroots organizing with the development of necessary institutions and public support, aims to create lasting transformational change within the community.
This information is meant to be a general summary of New Economy Project Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2024.
- Investment Income: $190,138
- Program Service Revenue: $144,058
- Gross Receipts: $3,886,355
Assets and Liabilities:
- Total Assets: $7,483,588
- Total Liabilities: $77,930
- Net Assets: $7,405,658
Want to help this charity, for free? You can click here to learn more about Give Freely
Programs
Programs are reported by nonprofits in their tax forms and are normally their tax-exempt activities.
PROGRAM FEE REVENUE
Revenue
$144,058
Organization Details
Founding Year
1995
Principal Officer
Deyanira Del Rio
Website
www.neweconomynyc.orgNTEE Category
Code: S31 - Community improvement
If you are a representative of New Economy Project Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.