New Incentives is a 501(c)(3) organization based in Covina, California, registered in 2014, with $10,295,787 in FY2024 revenue. CharityIndex grades it C, and it directs about 94% of spending to programs.
Revenue (FY2024)
$10.3M
▼ 61.2% vs prior year
International median: $227K
Expenses (FY2024)
$25.8M
Net assets
$88.8M
Employees
3
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. For New Incentives: 94% to programs · $2 to raise $100 earns a A+ on this criterion. See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For New Incentives: 41 mo reserves · -151% margin earns a F on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. For New Incentives: 6 of 6 checks met earns a A+ on this criterion. See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For New Incentives: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Implement evidence-based programming to save lives in a manner that does the most good per dollar. we provide cash incentives to increase childhood vaccination rates.
Revenue grew from $242K (FY2015) to $10.3M (FY2024) across 9 reported years.
Financial snapshot
Operating margin
-150.8%
Spent more than it raised in the latest fiscal year.
Total assets
$89.7M
Total liabilities
$825K
Net assets
$88.8M
Salaries & benefits
$911K
4% of expenses
Board members
6
4 independent
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $10,295,787▼61.2% | $25,825,420▲15.2% | $88,832,750▼13.7% | $89,657,978▼13.4% | 990 |
| 2023 | $26,514,991▼66.9% | $22,415,292▲123% | $102,926,490▲4.6% | $103,532,902▲4.9% | 990 |
| 2022 | $80,025,957▲458% | $10,048,327▲229% | $98,379,439▲237% | $98,742,689▲237% | 990 |
| 2021 | $14,346,474▼25.2% | $3,055,099▲24.2% | $29,157,065▲63.2% | $29,292,382▲63.2% | 990 |
| 2020 | $19,186,944▲31099% | $2,459,988▼20.9% | $17,865,690▲1204% | $17,944,969▲1198% | 990 |
| 2019 | $61,499▼78.1% | $3,108,947▲79.9% | $1,370,333▼69.3% | $1,382,628▼69.3% | 990 |
| 2018 | $280,891▼95.9% | $1,728,152▲30.4% | $4,458,268▼24.5% | $4,496,547▼24.0% | 990 |
| 2017 | $6,802,978▲2710% | $1,325,191▲561% | $5,905,529▲1920% | $5,916,946▲1914% | 990 |
| 2015 | $242,064 | $200,454 | $292,352 | $293,790 | 990 |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
Highest-paid: Pratyush Agarwal — $342,700 (1.33% of total expenses)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Pratyush Agarwal | Director and Chief Operating Officer | 50 | $342,700 |
| Svetha Janumpalli | Director and Chief Executive Officer | 50 | $342,700 |
| Elizabeth Hixson | Sr. Comm. & Dev. Associate | 40 | $141,524 |
| Jeffrey Leniger | Director (as of 09/2024) | 2 | — |
| Michael Thomas | Director and Secretary | 2 | — |
| Patrick Peter Stadler | Director and Board Chair | 2 | — |
| Salina Yeung | Director and Treasurer | 2 | — |
| Contractor | Services | Paid |
|---|---|---|
| Right Angle Solutions | It, Development, and Data Services | $1,021,316 |
| Universal Outsourcing Solutions | Data Services | $615,875 |
53 grants to New Incentives totaling $138.7M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Clear Fund | Operating support | 2024 | $2,218,419 |
| American Online Giving Foundation Inc | General support | 2024 | $138,818 |
| Founders Pledge Inc | Fund charitable activities | 2024 | $100,000 |
| Gs Donor Advised Philanthropy Fund For Wealth Management Inc | Community & human services | 2024 | $50,000 |
| Paypal Charitable Giving Fund | General support | 2024 | $46,263 |
| Daffy Charitable Fund | General support of mission | 2024 | $18,790 |
| Charities Aid Foundation America | Charitable donation | 2024 | $10,501 |
| The Seattle Foundation | To provide general support | 2024 | $10,000 |
| Network For Good Inc | Unrestricted | 2024 | $9,092 |
| Raymond James Charitable Endowment Fund | General support | 2024 | $5,300 |
| The Clear Fund | Operating support | 2023 | $20,472,387 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2023 | $318,799 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $191,421 |
| Donor Advised Charitable Giving | Human services | 2023 | $159,221 |
| American Online Giving Foundation Inc | General support | 2023 | $111,947 |
Explore more
Data for New Incentives (EIN 45-2368993) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.