Is Hackettstown Business Improvement…

Quick charity verification for Hackettstown Business Improvement District Inc (EIN: 202535990)

Spending Breakdown

How Hackettstown Business Improvement District Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Hackettstown Business Improvement District Inc

Is Hackettstown Business Improvement District Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Hackettstown Business Improvement District Inc (EIN: 202535990) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Hackettstown Business Improvement District Inc a good charity to donate to?

Hackettstown Business Improvement District Inc has a Mission Score of 85/100. Revenue: $329K. Assets: $10K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Hackettstown Business Improvement District Inc?

The Employer Identification Number (EIN) for Hackettstown Business Improvement District Inc is 202535990. 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 Hackettstown Business Improvement District Inc spend its money?

Hackettstown Business Improvement District Inc allocates 85% to programs, 15% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Hackettstown Business Improvement District Inc's tax-exempt status?

You can verify Hackettstown Business Improvement District Inc's tax-exempt status using EIN 202535990 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

Hackettstown Business Improvement District Inc (HBID) demonstrates a consistent operational profile, with revenues and expenses generally fluctuating around the $250,000 - $350,000 range over the past decade. While the organization's assets are relatively modest, peaking at $114,186 in 2021 and currently at $20,595 as of 2023, this is not uncommon for a Business Improvement District focused on direct community services rather than asset accumulation. A notable strength is the consistent reporting of zero liabilities in most years, indicating sound financial management and a lack of significant debt burden. The organization's transparency is bolstered by its consistent filing of IRS Form 990s, with 13 filings available, providing a clear historical financial record.

However, the organization has experienced periods where expenses exceeded revenue, such as in 2023 where expenses were $391,888 against revenues of $347,609, and in 2022 with expenses of $309,115 against revenues of $259,803. This trend of operating at a deficit in recent years could indicate a reliance on prior year surpluses or a need to adjust spending or revenue generation strategies. The consistent reporting of 0% officer compensation across all filings is a significant positive for spending efficiency and ensures that all funds are directed towards the organization's mission and operational costs, rather than executive salaries. This commitment to minimizing administrative overhead is a strong indicator of financial health and mission focus.

Overall, HBID appears to be a financially stable organization with a strong commitment to its mission, evidenced by its consistent operations and zero officer compensation. While recent deficits warrant attention, the overall financial history suggests a well-managed entity. The organization's transparency through regular 990 filings and its low administrative burden contribute positively to its financial assessment.

Is Hackettstown Business Improvement District Inc Legit?

Verdict: Hackettstown Business Improvement District Inc appears trustworthy

Red Flags

Strengths