New Creation Outreach Inc

Nonprofit profile at a glance

EIN
270618420
IRS 990-EZ coverage
2010–2024
Forms available
Form 990 2015, Form 990-EZ 2024, Form 990-N 2020
Location
Tampa, FL, USA
Rating
74
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Human Service Organizations

Reported finances

Revenue
$124,773
Expenses
$151,306
Assets
$131,225

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

3 people listed

Executive titles in this filing

  • WILLIAM GARRETT (PRESIDENT)
  • MARJORIE GARRETT (VICE PRESIDENT)

People named in this filing

  • WILLIAM GARRETT (PRESIDENT)
  • MARJORIE GARRETT (VICE PRESIDENT)
  • CRAIG WALICEK (SECRETARY TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Provide assistance to needy ind

What it reported doing in 2024

Partnered with intervarsity dedicated to establishing and advancing witnessing communities of students and faculty who follow jesus

Operating model

Revenue model
Donor-supported. 99% of the money available for current operations came from contributions and gifts.
Distribution model
Transfer-based 990-EZ. The 990-EZ reports grants or member benefits, but it does not separate enough spending to show the nonprofit’s full delivery mix.

The verdict

SUPPORTED - The filed numbers largely add up and program spending has grown recently. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 55
  • Transparency & Controls: 100
  • Sustainability: 27
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 87.6%; rating input score 88
  • Program expense ratio: Limited

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -21.3%; rating input score 7; 7th percentile among comparable filings
  • Total-asset coverage ratio: 0.87; rating input score 55; 55th percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 0%; rating input score 63; 63rd percentile among comparable filings

Growth

  • Program expense growth: 48.1% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 7.6% per year; rating input score 100; 59th percentile among comparable filings
  • Asset growth: 11.3% per year; rating input score 100; 65th percentile among comparable filings

Details

  • Where the money goes: 87.6% of revenue deployed
  • Governance: Filed governance answers
  • Accomplishments: 3 filed program accomplishments
  • Leadership: top reported pay $0 · 3 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 10 filing years from 2010 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • High — Sustainability: Operating margin scored 7/100.
  • Review — Sustainability: Total-asset coverage ratio scored 55/100.