S โ€” Community Improvement & Capacity BuildingEIN: 831833081ยท Ruling Year: 2019

New Growth Innovation Network

Miami, Florida

B+Health Score
74B+

Financial Health Score

9-metric score across financial health, operational efficiency, and organizational resilience. Based on IRS Form 990 data.

Good

๐Ÿ’ฐ
$1.8M
Total Revenue
๐Ÿ“Š
$2.7M
Total Expenses
๐Ÿฆ
$2.6M
Net Assets
๐Ÿ“‹
$166K
Total Liabilities

Financial Trends

5-Year Trend Analysis

Financial Health Indicators

Revenue Growth
-56.6%
Year-over-year change (2022 โ†’ 2023)
Net Margin
-49.8%
Revenue minus expenses as % of revenue
Working Capital Ratio
0.94
Net assets divided by total expenses
Liabilities-to-Assets
6.0%
Total liabilities as % of total assets

Filing History

5 filings on record
YearRevenueExpensesAssets
2023$1,835,314โ†“57%$2,749,469โ†‘103%$2,746,301โ†“22%
2022$4,225,478โ†‘404%$1,356,949โ†‘64%$3,511,444โ†‘460%
2021$838,917โ†‘18%$828,764โ†‘170%$626,640โ†‘2%
2020$709,204โ†“22%$306,717โ†“49%$616,603โ†‘64%
2019$913,250$596,073$374,875

Frequently Asked Questions

What does New Growth Innovation Network do?โ–ผ

New Growth Innovation Network is a community improvement & capacity building nonprofit organization based in Florida. It is classified under NTEE code S20 and is registered as a 501(c) tax-exempt organization with the IRS.

Is New Growth Innovation Network financially healthy?โ–ผ

Based on our 9-metric Financial Health Score model, New Growth Innovation Network has a score of 74/100 (Grade: B+). This score evaluates working capital, surplus consistency, debt ratio, revenue trends, program spending, fundraising efficiency, executive compensation, revenue diversification, and vulnerability indicators.

How much revenue does New Growth Innovation Network generate?โ–ผ

New Growth Innovation Network reports $6.2M in annual revenue and holds $5.2M in total assets, based on IRS filings.

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New Growth Innovation Network โ€” Miami, FL | GiveScope