Is Jersey City Employment & Training Program Inc Legit?
Quick charity verification for Jersey City Employment & Training Program Inc (EIN: 222602714)
Verdict: Jersey City Employment & Training Program Inc shows mixed signals
65/100Mission Score
$2.2MRevenue
$821KAssets
3Red Flags
1Strengths
Red Flags
Consistent and significant operating deficits across multiple years, indicating unsustainable financial practices.
Sharp decline in revenue from $5,505,742 in 2017 to $2,150,826 in 2019, suggesting potential funding issues or program scaling back.
Net assets have decreased substantially from $1,806,540 in 2018 to $820,694 in 2019, eroding financial stability.
Strengths
Long-standing presence in Jersey City since at least 2012, indicating a history of community engagement.
Spending Breakdown
How Jersey City Employment & Training Program Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
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 Jersey City Employment & Training Program Inc
Is Jersey City Employment & Training Program Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Jersey City Employment & Training Program Inc (EIN: 222602714) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 1 strength noted.
Is Jersey City Employment & Training Program Inc a good charity to donate to?
Jersey City Employment & Training Program Inc has a Mission Score of 65/100. Revenue: $2.2M. Assets: $821K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Jersey City Employment & Training Program Inc?
The Employer Identification Number (EIN) for Jersey City Employment & Training Program Inc is 222602714. 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 Jersey City Employment & Training Program Inc spend its money?
Jersey City Employment & Training Program Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Jersey City Employment & Training Program Inc's tax-exempt status?
You can verify Jersey City Employment & Training Program Inc's tax-exempt status using EIN 222602714 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
Jersey City Employment & Training Program Inc is a employment nonprofit based in Jersey City, New Jersey, with reported revenue of $2.2M and assets of $821K. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. - Financial statements show consistent operating deficits, with expenses exceeding revenue in multiple years. For example, in 2019, expenses were $3,014,168 against revenue of $2,150,826. - The organization's net assets have significantly decreased over time, from $1,806,540 in 2018 to $820,694 in 2019. Executive compensation cannot be assessed without specific compensation figures, as the provided data only includes revenue, expenses, and assets. Revenue has declined -54% across 8 filing periods.