Is Fairmount Cemetery Association Of Newark And Somerset Hills A New Je Legit?
Quick charity verification for Fairmount Cemetery Association Of Newark And Somerset Hills A New Je (EIN: 220900710)
Verdict: Fairmount Cemetery Association Of Newark And Somerset Hills A New Je appears trustworthy
90/100Mission Score
$9.6MRevenue
$68.9MAssets
2Red Flags
4Strengths
Red Flags
Lack of detailed expense breakdown (program vs. admin) in provided data makes precise efficiency analysis difficult.
Zero reported officer compensation for an organization of this size is unusual and might warrant further investigation into how leadership is compensated or structured.
Strengths
Consistent financial surplus, with revenue exceeding expenses in most periods.
Significant and steady growth in assets, nearly doubling over the past decade to $68,933,789.
No reported officer compensation, indicating high efficiency or volunteer leadership.
Low liabilities relative to assets, demonstrating strong financial stability.
AI Transparency Report
Fairmount Cemetery Association of Newark and Somerset Hills demonstrates consistent financial stability and growth, with assets increasing from $33.9 million in 2015 to nearly $69 million currently. The organization consistently operates with a surplus, as seen in the latest filing where revenue of $5,242,815 exceeded expenses of $4,520,468. This indicates sound financial management and the ability to build reserves. The absence of reported officer compensation across all available filings suggests a high degree of financial transparency and a focus on mission-related spending, as executive salaries are often a point of scrutiny for nonprofits. Their NTEE code Y50Z (Cemeteries and Burial Services) aligns with their operational nature, and the consistent asset growth suggests effective long-term stewardship of their resources. The organization's liabilities are consistently a small fraction of its assets, indicating a healthy balance sheet.