New Nearly New Inc
Nonprofit profile at a glance
- EIN
- 852830817
- IRS 990 coverage
- 2022–2025
- Forms available
- Form 990 2025, Form 990-EZ 2020
- Location
- Durham, NC, USA
- Phone
- 9197484444
- Rating
- 78
- Verdict
- SUPPORTED
- Rating confidence
- Moderate
- Sector
- Thrift Shops
Reported finances
- Revenue
- $956,935
- Expenses
- $977,243
- Assets
- $122,717
- Liabilities
- $0
Source: IRS Form 990. Selected filing: tax year 2025. Amounts in USD.
Leadership & pay
4 people listed
Highest reported compensation
- LISA G CLARK (SECRETARY / STORE MANAGER): $93,162 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2025. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
New nearly new welcomes your donations of clothing, and other items such as household goods, jewelry and furniture. Our goal is to give free clothing and other items to people in need in the durham community and North Carolina community. To support our endeavor, we will sell a portion of the donated items in our thrift store. Our intention is to give away at least one item for every item sold. We will rely on partner organizations who identify and work with those in need in our community to distribute our items for free. We also welcome your cash and in kind donations.
What it reported doing in 2025
In 2025, we continued to develop relationships with customers, donors and partners. We continued our vision to serve our community both locally and state-wide. Our goal to give away one item for every item sold is coming to fruition while providing jobs to a few individuals, providing volunteer opportunities to some, providing a good, clean, safe place to donate items (both new and used) and importantly to offer a place for our community to shop at reduced rates for clothes and household items. All of our revenue is garnered from the sale of the items which in turn supports operating expenses of the facility.2025 accomplishments:- provide sheets and fabric to the trinity lutheran church quilting group that makes quilts for homeless and kids without beds.- provide baby, children and adult diapers to durham public school special education department.- work with justice services to provide clothing and necessary items for newly released inmates.- continue to provide clothing, books and household items to western carolina ministries.- refugee support in providing clothing discreetly through church sponsored refugee programs.- st. Joseph's episcopal church's breakfast program- durham community safety program- durham crisis response center-women's crisis center- heart outreach program of durham- carolina outreach program- durham police department- victorious outcomes- a transitional housing program- donations to reaching all minds academy.- donations to excelsior classical academy exceptional children classrooms- continue to employ up to 17 employees from our community.- gave 461 vouchers for a total of $26,386 in clothes and supplies to individuals identified by our charitable partner as needing assistance.
Operating model
- Revenue model
- Earned-program. 91% of the money available for current operations came from fees and other program revenue.
- Distribution model
- Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.
The verdict
SUPPORTED - A large share of available resources goes toward mission work and the filed numbers largely add up. Some filing-based governance responses are negative or unanswered and expenses are high relative to revenue.
Rating breakdown
- Financial Efficiency: 84
- Transparency & Controls: 92
- Accountability: 54
- Sustainability: 29
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 95.2%; rating input score 95
- Program expense ratio: 93.3%; rating input score 93
- Fundraising efficiency: Limited
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 63rd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: Limited
- Major donor itemization: Yes; rating input score 100
- Related-party transparency: Limited
Accountability
- Independent voting board: 75%; rating input score 75; 19th percentile among comparable filings
- Governance controls: 2 of 8 controls in place; rating input score 25
- Conflict-of-interest policy: Fail
- Whistleblower policy: Fail
- Document-retention policy: Fail
- CEO compensation review process: NotApplicable
- Other executive compensation review process: Fail
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Missing
- Independent financial-statement audit: Fail
Sustainability
- Operating margin: -2.1%; rating input score 25; 25th percentile among comparable filings
- Total-asset coverage ratio: 0.13; rating input score 7; 7th percentile among comparable filings
- Liabilities to assets ratio: 0; rating input score 88; 88th percentile among comparable filings
- Officer compensation ratio: 9.5%; rating input score 39; 39th percentile among comparable filings
Growth
- Program expense growth: 18.2% per year; rating input score 100; 77th percentile among comparable filings
- Revenue growth: 26.2% per year; rating input score 100; 88th percentile among comparable filings
- Asset growth: 12.7% per year; rating input score 100; 63rd percentile among comparable filings
Details
- Where the money goes: 95.2% of revenue deployed · 93.3% of spending went to programs
- Governance: 3 of 4 board members independent · 2 of 8 filing controls reported
- Programs: 1 filed program accomplishment · $911K in reported program spending
- Leadership: top reported pay $93K · 4 people listed
- Consistency: 23 of 23 current checks pass
- Schedules: 5 filed schedules · includes major donors
- Filing history: 4 filing years from 2022 to 2025
- Contacts: How to reach this organization
- Money network: 2 filed money-flow records
- 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 — Accountability: Governance controls: 5 of 7 not reported.
- High — Sustainability: Operating margin scored 25/100.
- High — Sustainability: Total-asset coverage ratio scored 7/100.
- Moderate — Sustainability: Officer compensation ratio scored 39/100.