New Economy Project

The New Economy Project is a left-of-center advocacy organization that supports economic policies it asserts would establish “racial and social justice,” “neighborhood equity,” and “ecological sustainability.” It was incorporated with the Internal Revenue Service (IRS) in 1995 and is based in New York, New York. The New Economy Project believes “fundamental change” to the world economy is necessary. 1 2

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At-A-Glance

Type: Non-profit, 501(c)(3)
Issue Areas: Economic Policy
Website: www.neweconomynyc.org
Formation:

1995

Executive Director:

Deyanira Del Rio

Location: New York, NY View on map
Tax ID: 13-3842270
Most Recent Filing: 2025
Budget (2025): Assets: $12,050,348 Revenue: $5,481,399 Expenses: $2,504,775

Contents

    In 2023, the New Economy Project received $326,750 in government grants. 3 As of 2025, the New Economy Project was listed as an investor of Inclusiv, a Community Development Financial Institution (CDFI) that leverages wealth to support low-income communities and develop environmental infrastructure. 4

    Activities

    The New Economy Project hosts a range of programs dedicated to its left-of-center policy objectives. It helps coordinate advocacy campaigns and protests to promote socialist and welfarist policies, to denounce “Wall Street corporations,” and to pressure the government. One such campaign is its “NYSS Community Equity Agenda,” which advocates for an array of left-of-center housing, health care, and welfare goals. 5 6 7

    Its “Public Bank” campaign calls for the formation of a municipal bank in New York City that would use state funds to back loans and other enterprises for the economically disadvantaged. The New Economy Project runs the New Economy Loan Fund, which disburses low-cost loans to community initiatives such as cooperatives and solar energy projects in New York. 8 9

    Its “Advancing Community Land Trusts” campaign works in tandem with the NYC Community Land Initiative (NYCCLI) to push for “permanently-affordable housing” and “community control over land.” 10

    On LawHelpNY, the New Economy Project advertises its consumer legal representation services for low-income New York residents. It runs a “financial justice” hotline in English and Spanish with interpretation available in many other languages, and its website hosts “Know Your Rights” flyers in 11 languages. 11

    Financials

    In 2023, the New Economy Project reported revenue of $3,886,355, expenses of $2,334,572, and net assets of $8,804,721. 12

    Funding

    In 2019, the New Economy Project received $142,000 from the Scherman Foundation. 13 In 2021, the New Economy Project received a total of $142,000 from the Scherman Foundation spread across two grants: one for “general operating support,” and the other for its public bank. 14

    In 2023, the New Economy Project received $326,750 in government grants. 3

    In 2023, the New Economy Project received $200,000 from Demos. 15

    Inclusiv

    As of 2025, the New Economy Project was listed as an investor of Inclusiv, a Community Development Financial Institution (CDFI) that leverages wealth to support low-income communities and develop environmental infrastructure. 4

    Leadership

    As of 2025, the New Economy Project was led by executive director Deyanira Del Rio. She previously worked at and chaired the board of Inclusiv and previously was the chair of the Lower East Side People’s Federal Credit Union. She served on the Federal Reserve Bank of New York’s inaugural Community Advisory Group. 16

    Financial Statistics

    Total Assets

    Total Revenue

    Total Expenses

    YearTotal AssetsTotal RevenueTotal ExpensesFiling
    2025 $12,050,348 $5,481,399 $2,504,775 View
    2024 $8,893,886 $3,886,355 $2,334,572 View
    2023 $7,327,942 $2,004,097 $2,156,817 View
    2022 $7,483,588 $2,539,843 $1,791,931 View
    2021 $6,956,184 $1,767,258 $1,514,338 View
    2020 $6,674,948 $1,571,422 $1,849,941

    Prior year filings: 2019, 2018, 2016, 2015, 2014, 2013, 2012, 2011

    Revenue Detail

    Expenses Detail

    Employee Compensation

    • Number of Employees: 17

    Highest Earning Employees

    EmployeeTitleTotal Compensation
    Deyanira Del RioExecutive Dir.$192,198

    Grant Activity

    All-time grants received statistics from Candid dataset:

    • Total Grant Value: $18,684,949
    • Number of Grants: 234
    • Number of Funders: 56

    Selection of highest value grants received from the last seven years:

    AmountYearFunderSubject
    $2,000,0002024 MacKenzie ScottNew Economy Project's mission is to build an economy that works for all, rooted in cooperation, equity, racial and social justice, and ecological sustainability.
    $600,0002024 Oak FoundationTo support the New Economy Project in expanding permanently affordable, community-controlled housing in New York City.
    $425,0002021 The Ford FoundationCore support for the Public Bank campaign to build a broader base of support for local state-chartered public banks as a means to achieve shared prosperity and economic security for all New Yorkers
    $267,0002021 Robin Hood FoundationPOVERTY RELIEF
    $200,0002024 DEMOS A NETWORK FOR IDEAS AND ACTION LTDSUBGRANT: PUBLIC BANKING LEGISLATION
    $200,0002023 The Ford FoundationCore support for the Public Bank campaign to build a broader base of support for local state-chartered public banks as a means to achieve shared prosperity and economic security for all New Yorkers
    $200,0002022 Robin Hood FoundationPOVERTY RELIEF
    $200,0002020 Robin Hood FoundationGENERAL
    $175,0002023 The New York Community Trustfor services and advocacy to prevent predatory financial practices that exploit low-income New Yorkers
    $151,8002024 Marty and Dorothy Silverman FoundationGENERAL DONATION
    $125,0002025 The Ford FoundationCore support for the Public Bank campaign to build a broader base of support for local state-chartered public banks as a means to achieve shared prosperity and economic security for all New Yorkers
    $105,0002021 Marty and Dorothy Silverman FoundationGENERAL DONATION
    $100,0002025 Bernard F & Alva B Gimbel Foundation IncGeneral Support
    $100,0002025 Bernard F & Alva B Gimbel Foundation IncGeneral Support
    $100,0002024 Altman Foundationfor organizing, coalition building, and policy advocacy in support of community land trusts and to help expand the supply of permanently affordable housing
    $100,0002023 Marty and Dorothy Silverman FoundationGENERAL DONATION
    $100,0002022 Marty and Dorothy Silverman FoundationGENERAL DONATION
    $100,0002021 The New York Community Trustfor services and advocacy to prevent predatory financial practices that exploit low-income New Yorkers
    $100,0002020 Marty and Dorothy Silverman FoundationGENERAL DONATION
    $93,0502020 Enterprise Community Partners, Inc.COMMUNITY PRESERVATION AND DEVELOPMENT
    $92,0002021 The Scherman Foundation IncPUBLIC BANK NYC
    $92,0002020 The Scherman Foundation IncPUBLIC BANK NYC
    $76,2002021 Fidelity Investments Charitable Gift FundFor grant recipient's exempt purposes
    $75,0002023 The Scherman Foundation IncGENERAL OPERATING SUPORT
    $75,0002022 Stolper Fertik Family Foundation Uad 121014GENERAL

    All-time grants given statistics from Candid dataset:

    • Total Grant Value: $141,000
    • Number of Grants: 12
    • Number of Recipients: 9

    Selection of highest value grants given from the last seven years:

    AmountYearFunderSubject
    $20,0002021 Chhaya Community Development CorporationSEE PART IV
    $10,0002020 Chhaya Community Development CorporationSee part iv
    $10,0002020 New York Communities for Change IncSee part iv
    $10,0002020 New York Public Interest Research Group IncSee part iv
    $7,5002020 Green Worker IncSee part iv
    $7,0002022 East New York Clt IncSEE PART IV
    $7,0002022 New York Public Interest Research Group Fund IncSEE PART IV
    $7,0002020 NYC Network of Worker CooperativesSee part iv

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    Financials, employee compensation, and grant information provided by Candid.

    Mentioned in this Article

    References

    1. Return of Organization Exempt from Income Tax (Form 990). New Economy Project. 2023. Box F; Box L; Part I, line 1.
    2. “Mission.” New Economy Project. Accessed October 24, 2025. https://www.neweconomynyc.org/about-us/mission/
    3. Return of Organization Exempt from Income Tax (Form 990). New Economy Project. 2023. Part VIII – Statement of Revenue, line e.
    4. “Our Partnerships.” Inclusiv. Accessed October 24, 2025. https://inclusiv.org/our-partnerships
    5. “Our Work.” New Economy Project. Accessed October 24, 2025. https://www.neweconomynyc.org/our-work/.
    6. “Campaigns.” New Economy Project. Accessed October 24, 2025. https://www.neweconomynyc.org/our-work/campaigns/.
    7. “NYS Community Equity Agenda.” New Economy Project. Accessed October 24, 2025. https://www.neweconomynyc.org/our-work/campaigns/community-equity-agenda-2/.
    8. “Public Bank.” New Economy Project. Accessed October 24, 2025. https://www.neweconomynyc.org/our-work/campaigns/public-bank-nyc/.
    9. “Community Loan Funds.” New Economy Project. Accessed October 24, 2025. https://www.neweconomynyc.org/our-work/community-loan-funds/.
    10. “Advancing Community Land Trusts.” New Economy Project. Accessed October 24, 2025. https://www.neweconomynyc.org/our-work/campaigns/advancing-clts/.
    11. “New Economy Project.” LawHelpNY. Accessed October 23, 2025. https://www.lawhelpny.org/organization/new-economy-project.
    12. Return of Organization Exempt from Income Tax (Form 990). New Economy Project. 2023. Part I, lines 12, 18, 22.
    13. Return of Organization Exempt from Income Tax (Form 990). Scherman Foundation. 2019. Part XV. 3 – Grants and Contributions Paid During the Year or Approved for Future Payment.
    14. Return of Organization Exempt from Income Tax (Form 990). Scherman Foundation. 2021. Part XV. 3 – Grants and Contributions Paid During the Year or Approved for Future Payment.
    15. Return of Organization Exempt from Income Tax (Form 990). Demos. 2023. Schedule I, Part II – Grants and Other Assistance to Domestic Organizations and Domestic Governments.
    16. “Staff.” New Economy Project. Accessed October 24, 2025. https://www.neweconomynyc.org/staff/.