Overview

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Est.

1995

Latest Fiscal Year

Not available

Organization Type

Grantseeker

AI Summary

NEW ECONOMY PROJECT INC is a nonprofit organization focused on urban development, aiming to create an economy that serves all New Yorkers through principles of racial and social justice, cooperation, neighborhood equity, and ecological sustainability. With an operating budget of $2.4 million and total revenue of $5.5 million, the organization is supported by major funders such as FIDELITY INVESTMENTS CHARITABLE GIFT FUND and THE FORD FOUNDATION. The organization does not rely on a single funder for 50% or more of its revenue. More information can be found on their website at www.neweconomynyc.org.

Mission Statement

NEW ECONOMY PROJECT'S MISSION IS TO BUILD AN ECONOMY THAT WORKS FOR ALL NEW YORKERS, ROOTED IN RACIAL AND SOCIAL JUSTICE, COOPERATION, NEIGHBORHOOD EQUITY AND ECOLOGICAL SUSTAINABILTY.
Revenues
$3.9M
Expenses
$2.3M
Net Income:
+$1.6M
Assets
$8.9M
Liabilities
$89.2K
Net Assets:
+$8.8M
Operating Budget
$2.3M
Operating Budget by Year

Due Diligence

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Charity Verification Snapshot
IRS EO Business Master File Status
Listed as tax-exempt
IRS Pub 78 Status
Eligible for tax-deductible gifts
IRS Revocation Status
Not in Automatic Revocation of Exemption List
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Total No. of Grants
19
Median grant size
$45.9K
Largest grant received
$2M
D
Deyanira Del Rio
Board Member
J
Jennifer Ching
Board Member
L
Linda Levy
Board Member

Frequently Asked Questions

What is NEW ECONOMY PROJECT INC’s budget?
In 2024, NEW ECONOMY PROJECT INC reported an annual operating budget of around $2.3 million. More detailed financial information is available to registered users.
What causes does NEW ECONOMY PROJECT INC support?
NEW ECONOMY PROJECT INC supports work in Urban development.
Where does NEW ECONOMY PROJECT INC operate?
NEW ECONOMY PROJECT INC is headquartered in NEW YORK, NY.
Who funded NEW ECONOMY PROJECT INC recently?
In 2025, NEW ECONOMY PROJECT INC received grants from FURTHERJUSTICE FOUNDATION INC, FIDELITY INVESTMENTS CHARITABLE GIFT FUND, and ROBIN HOOD FOUNDATION. More information on this organization’s funders is available to registered users.
What is the largest grant NEW ECONOMY PROJECT INC received in 2024?
The largest grant to NEW ECONOMY PROJECT INC in 2024 exceeds $2 million.
What is NEW ECONOMY PROJECT INC’s reliance on government grants?
NEW ECONOMY PROJECT INC relied on government grants for more than 5% of their total revenue in 2024.