Charity Search / NEW GROWTH INNOVATION NETWORK
Community Improvement (S20) 990 on File

NEW GROWTH INNOVATION NETWORK

EIN: 83-1833081 · MIAMI, FL 33145-2660 · United States · FY 2024 Data
3 out of 5 57 / 100 Based on 2+ years of filings
Financial strength (30%) 92/100
Reliability (20%) 45/100
Effectiveness (25%) 81/100
Impact (25%) No data yet
Financial data: FY 2024 · Scored 9/13/2026
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Financial Overview — FY 2024
$6.2M
Total Revenue
$4.4M
Total Expenses
$4.4M
Net Assets
14
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 86.2%
Fundraising Efficiency 0.0%
Operating Reserve 11.78x
Liability-to-Asset 15.7%
Revenue Diversification 103.7%
Compared with Peers
FY 2024
Compared with 1,625 similar organizations (United States, Community Improvement, $1M–$10M in expenses), FY 2024.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
86.2% 85.2%
P10P90
Above median
Admin expense ratio
Management and general / total expenses · lower is better
13.8% 11.8%
P10P90
Below median
Fundraising expense ratio
Fundraising expenses / total expenses · lower is better
0.0% 0.1%
P10P90
Top quarter
Fundraising efficiency
Fundraising expenses / gross fundraising income · lower is better
0.0% 115.3%
P10P90
Top quarter
Operating reserve
Months of expenses covered by net assets · higher is better
11.8 mo 9.7 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
15.7% 21.0%
P10P90
Above median
Revenue concentration
Share of revenue from the largest source · lower is better
103.7% 90.7%
P10P90
Bottom quarter
Revenue growth
Year over year revenue growth
237.9% 8.8%
P10P90
Expense growth
Year over year expense growth
61.2% 10.1%
P10P90
Surplus margin
Surplus as a share of revenue
28.5% 1.6%
P10P90
Financial History
Year Revenue Expenses Net Assets Program % Staff
2024 $6.2M $4.4M $4.4M 86.2% 14
2023 $1.8M $2.7M $2.6M 81.5% 12
2022 $4.2M $1.4M $3.5M 81.7% 11
2021 $1.7M $829K N/A 6
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Organization Details
EIN
83-1833081
State
FL
City
MIAMI
ZIP
33145-2660
Classification
S20
Category
Community Improvement
Rating
3★
Coverage
A
Last Updated
Aug 2026
Form 990
On File
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