Is Arc Of New Jersey Inc Legit?

The Arc Of New Jersey Inc has demonstrated consistent financial activity over the past decade, with revenues generally keeping pace with expenses. In the most recent filing (202312), the organization reported revenues of $15,300,322 against expenses of $16,393,140, indicating a deficit for the period. This trend of expenses slightly exceeding revenue has been observed in several recent years, such as 202212 ($14,972,165 revenue vs. $15,931,956 expenses) and 201812 ($12,441,570 revenue vs. $12,625,112 expenses). While not immediately alarming given the overall scale of operations, sustained deficits could impact long-term financial stability if not addressed. The organization's assets have fluctuated, reaching a high of $5,013,873 in 202112 before declining to $3,757,999 in 202312. Liabilities have also varied, with a notable increase to $2,775,702 in 202312 from $1,867,983 in 202112. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive pay, which is a positive indicator of spending efficiency. However, without a detailed functional expense breakdown (program, admin, fundraising), a precise assessment of spending efficiency is limited. Transparency appears to be good given the consistent filing of IRS Form 990s. The absence of reported officer compensation is a significant positive for transparency and resource allocation. To further enhance transparency and allow for a more granular analysis of spending efficiency, a detailed breakdown of functional expenses would be beneficial.