Newspring Inc

Nonprofit profile at a glance

EIN
461951783
IRS 990-EZ coverage
2014–2017
Forms available
Form 990 2015, Form 990-EZ 2017
Location
Clarksville, TN, USA
Phone
9318961634
Rating
69
Verdict
SUPPORTED
Rating confidence
Moderate
Sector
Thrift Shops
Affiliation
Christianity

Official website

Reported finances

Revenue
$51,690
Expenses
$28,025
Assets
$0

Source: IRS Form 990-EZ. Selected filing: tax year 2017. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • REBECCA TIGART (President)
  • MARIAN J ALKIRE (Vice President)

People named in this filing

  • REBECCA TIGART (President)
  • MARIAN J ALKIRE (Vice President)
  • JOHN ALKIRE (Secretary)

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 2017. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Christian nonprofit organization dedicated to helping the poor, less fortunate, and homeless through the operation of a thrift store.

What it reported doing in 2017

Provided clothes, shoes and toys to children in foster programs. Helped disabled and elderly people by providing them with walkers. Provided the poor, less fortunate, and homeless with clothing and essential household items.

Operating model

Revenue model
Cannot be determined from the filing. The filing does not provide enough consistent revenue detail to tell how this nonprofit funds its work.
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 total spending goes to programs and the filed numbers largely add up. A relatively small share of available resources goes toward mission work and revenue has declined or grown slowly.

Rating breakdown

  • Financial Efficiency: 71
  • Transparency & Controls: 74
  • Sustainability: 44
  • Growth: 40

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 54.2%; rating input score 54
  • Program expense ratio: 100%; rating input score 100

Transparency & Controls

  • Consistency checks: 90%; rating input score 90; 1st percentile among comparable filings
  • Major donor itemization: Limited

Sustainability

  • Operating margin: 45.8%; rating input score 91; 91st percentile among comparable filings
  • Total-asset coverage ratio: 0; rating input score 2; 2nd percentile among comparable filings
  • Liabilities to assets ratio: Limited
  • Officer compensation ratio: 24.2%; rating input score 7; 7th percentile among comparable filings

Growth

  • Program expense growth: 36.4% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: -18.6% per year; rating input score 0; 17th percentile among comparable filings
  • Asset growth: -73.8% per year; rating input score 0; 2nd percentile among comparable filings

Details

  • Where the money goes: 54.2% of revenue deployed · 100% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $28K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 5 of 5 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2014 to 2017
  • Contacts: How to reach this organization
  • Money network: 5 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.

  • Review — Financial Efficiency: Mission deployment rate scored 54/100.
  • High — Growth: Revenue growth scored 0/100.
  • High — Sustainability: Total-asset coverage ratio scored 2/100.
  • High — Growth: Asset growth scored 0/100.
  • High — Sustainability: Officer compensation ratio scored 7/100.