New Economy Project Inc
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. THE ORGANIZATION WORKS WITH COMMUNITY GROUPS TO FIGHT SYSTEMIC DISCRIMINATION AND TO BUILD INSTITUTIONS, POLICIES, AND PUBLIC SUPPORT NEEDED FOR A JUST ECONOMY. NEW ECONOMY PROJECT BELIEVES THIS DUAL STRATEGY IS NECESSARY TO ACHIEVE LASTING TRANSFORMATIONAL CHANGE.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$8.9M
+21.4% YoY
Revenue
$3.9M
+93.9% YoY
Net Investment Income
$190K
+108.1% YoY
Expenses
$2.3M
+8.2% YoY
About New Economy Project Inc
Based on IRS filings
New Economy Project Inc is a nonprofit organization focused on Community Improvement & Capacity Building, based in NEW YORK, NY. IRS filing data is available from 2020 through 2024. As of 2024, the organization holds $8.9M in total assets. Net investment income was $190K.
Focus Areas
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Geographic Focus
Where this funder awards grants
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $8,893,886 | $7,327,942 | $7,483,588 |
| Revenue | $3,886,355 | $2,004,097 | $2,539,843 |
| Expenses | $2,334,572 | $2,156,817 | $1,791,931 |
| Qualifying Distributions | — | — | — |
| Net Investment Income | $190,138 | $91,375 | $24,015 |
| Distributable Amount | — | — | — |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 0 recipients in 2024
Grant Size Distribution
8 grants across all recorded years
Open Grants
1 open opportunity from New Economy Project Inc
Giving History
Grant recipients and amounts by year
No grants recorded for .
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
From 2024 filing
| Name | Title | Hours | Compensation |
|---|---|---|---|
| SARAH I LUDWIG | CO-DIR.-12/2023 | 40 | $175,795 |
| DEYANIRA DEL RIO | Executive Dir. | 40 | $169,254 |
| SUSAN SHIN | LEGAL DIRECTOR | 40 | $137,375 |
| GRACE CHUNG | DEVELOPMENT DIR. | 40 | $127,000 |
| ANDY MORRISON | ASSOCIATE DIR. | 40 | $127,225 |
| AKILAH BROWNE | Treasurer | 1 | — |
| BRENDAN MARTIN | BOARD MEMBER | 0.5 | — |
| LINDA LEVY | BOARD MEMBER | 0.5 | — |
| AZADEH KHALILI | President | 1 | — |
| SHABNAM FARUKI | Secretary | 1 | — |
| JENNIFER CHING | Vice President | 1 | — |
| MICHAEL PARTIS | BOARD MEMBER | 0.5 | — |
Subject Areas
Focus areas based on grantmaking activity
Data last updated April 2026. Sourced from IRS Form 990-PF filings.
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