Charity Search / NEW SPRINGS DEVELOPMENT CORPORATION
Housing & Shelter (L50) 990 on File

NEW SPRINGS DEVELOPMENT CORPORATION

EIN: 81-3798337 · TAMPA, FL 33606-2720 · United States · FY 2023 Data
2 out of 5 29 / 100 Based on one year of filings
Financial strength (30%) 51/100
Reliability (20%) 45/100
Effectiveness (25%) 21/100
Impact (25%) No data yet
Financial data: FY 2023 · Scored 9/13/2026
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CharityAI™ Score
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Financial Overview — FY 2023
$287K
Total Revenue
$59K
Total Expenses
$270K
Net Assets
N/A
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio 4.2%
Fundraising Efficiency N/A
Operating Reserve 54.69x
Liability-to-Asset 0.0%
Revenue Diversification 90.1%
Compared with Peers
FY 2023
Compared with 3,196 similar organizations (United States, Housing & Shelter, under $100K in expenses), FY 2023.
This organization Middle half of peers (P25–P75) Peer median
Ratio This org Peer median Position (P10 → P90)
Program expense ratio
Program expenses / total expenses · higher is better
4.2% 84.5%
P10P90
Bottom quarter
Operating reserve
Months of expenses covered by net assets · higher is better
54.7 mo 37.4 mo
P10P90
Above median
Liabilities to assets
Total liabilities / total assets · lower is better
0.0% 3.8%
P10P90
Top quarter
Revenue concentration
Share of revenue from the largest source · lower is better
90.1% 99.8%
P10P90
Above median
Surplus margin
Surplus as a share of revenue
79.4% 5.8%
P10P90
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Organization Details
EIN
81-3798337
State
FL
City
TAMPA
ZIP
33606-2720
Classification
L50
Category
Housing & Shelter
Rating
2★
Coverage
B
Last Updated
Aug 2026
Form 990
On File
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