Is Foodbank Of Monmouth And Ocean Counties Inc Legit?
Quick charity verification for Foodbank Of Monmouth And Ocean Counties Inc (EIN: 222622522)
Verdict: Foodbank Of Monmouth And Ocean Counties Inc appears trustworthy
90/100Mission Score
$58.2MRevenue
$35.4MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistently high program spending, with 89% of expenses dedicated to programs in 2023.
Significant growth in revenue and assets over the past five years, demonstrating strong financial health and increasing capacity.
Low administrative and fundraising costs, indicating efficient operations.
Clear and accessible financial reporting through Form 990 filings.
Strong community impact as a food bank serving two counties.
AI Transparency Report
Foodbank Of Monmouth And Ocean Counties Inc is a human services nonprofit based in Neptune, New Jersey, with reported revenue of $58.2M and assets of $35.4M. Our AI analysis assigns a Mission Score of 90/100 (Excellent). Approximately 89% of spending goes to programs, 5% to administration, and 6% to fundraising. • The organization consistently reports 0% compensation from related parties, indicating good governance.
• Detailed financial statements are available, showing consistent revenue and asset growth over the past several years.
• The Form 990s are readily accessible, providing a clear overview of financial activities and executive compensation. Executive compensation appears reasonable given the organization's size and impact. For the 2023 fiscal year, the highest compensated individual received $225,000, which is appropriate for a CEO managing over $58 million in revenue and $35 million in assets. Revenue has grown +154% across 13 filing periods.