Is Family Promise Of Bergen County A New Jersey Non Profit Corporation Legit?
Quick charity verification for Family Promise Of Bergen County A New Jersey Non Profit Corporation (EIN: 222853599)
Verdict: Family Promise Of Bergen County A New Jersey Non Profit Corporation appears trustworthy
85/100Mission Score
$2.1MRevenue
$3.1MAssets
2Red Flags
3Strengths
Red Flags
Revenue has shown a declining trend from $2,419,712 in 2020 to $1,762,630 in 2023, which could impact future program sustainability.
The organization's liabilities have fluctuated, reaching a high of $157,762 in 2022 before decreasing to $55,470 in 2023.
Strengths
Consistently high percentage of expenses dedicated to programs, indicating a strong focus on their mission.
Healthy asset growth from $715,520 in 2016 to $3,227,138 in 2023, demonstrating financial stability.
Low administrative and fundraising costs suggest efficient operations.
Spending Breakdown
How Family Promise Of Bergen County A New Jersey Non Profit Corporation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
5%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Family Promise Of Bergen County A New Jersey Non Profit Corporation
Is Family Promise Of Bergen County A New Jersey Non Profit Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Family Promise Of Bergen County A New Jersey Non Profit Corporation (EIN: 222853599) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Family Promise Of Bergen County A New Jersey Non Profit Corporation a good charity to donate to?
Family Promise Of Bergen County A New Jersey Non Profit Corporation has a Mission Score of 85/100. Revenue: $2.1M. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Family Promise Of Bergen County A New Jersey Non Profit Corporation?
The Employer Identification Number (EIN) for Family Promise Of Bergen County A New Jersey Non Profit Corporation is 222853599. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Family Promise Of Bergen County A New Jersey Non Profit Corporation spend its money?
Family Promise Of Bergen County A New Jersey Non Profit Corporation allocates 85% to programs, 5% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Family Promise Of Bergen County A New Jersey Non Profit Corporation's tax-exempt status?
You can verify Family Promise Of Bergen County A New Jersey Non Profit Corporation's tax-exempt status using EIN 222853599 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Family Promise Of Bergen County A New Jersey Non Profit Corporation is a housing & shelter nonprofit based in Ridgewood, New Jersey, with reported revenue of $2.1M and assets of $3.1M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 85% of spending goes to programs, 5% to administration, and 10% to fundraising. Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further information on individual salaries. Revenue has grown +70% across 14 filing periods.