Quick charity verification for Medical Society Of New Jersey (EIN: 210601684)
Verdict: Medical Society Of New Jersey shows mixed signals
45/100Mission Score
$2.1MRevenue
$558KAssets
4Red Flags
2Strengths
Red Flags
Significant decline in assets from $3.2 million in 2012 to $0.8 million in 2023.
Liabilities consistently exceed assets, indicating potential solvency issues (e.g., $3.6M liabilities vs. $0.8M assets in 2023).
Frequent net losses where expenses exceed revenue (e.g., 2023, 2022, 2020, 2015).
Consistent reporting of 0% officer compensation, which may obscure actual executive remuneration.
Strengths
Long operating history with 10 filings available, indicating sustained existence.
Consistent revenue generation, albeit fluctuating, generally above $1 million annually.
Spending Breakdown
How Medical Society Of New Jersey allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 Medical Society Of New Jersey
Is Medical Society Of New Jersey a legitimate charity?
Based on AI analysis of IRS 990 filings, Medical Society Of New Jersey (EIN: 210601684) shows mixed signals. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
Is Medical Society Of New Jersey a good charity to donate to?
Medical Society Of New Jersey has a Mission Score of 45/100. Revenue: $2.1M. Assets: $558K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Medical Society Of New Jersey?
The Employer Identification Number (EIN) for Medical Society Of New Jersey is 210601684. 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 Medical Society Of New Jersey spend its money?
Medical Society Of New Jersey allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Medical Society Of New Jersey's tax-exempt status?
You can verify Medical Society Of New Jersey's tax-exempt status using EIN 210601684 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
The Medical Society Of New Jersey has experienced fluctuating financial performance over the past decade. While revenue has generally been in the range of $1.1 million to $3 million, the organization has frequently reported expenses exceeding revenue, leading to net losses in several years, such as 2023 ($1,781,456 expenses vs. $1,112,956 revenue) and 2022 ($1,657,681 expenses vs. $1,494,809 revenue). This trend suggests potential challenges in maintaining financial stability and operational efficiency. The organization's assets have also shown a significant decline, from $3,295,194 in 2012 to $857,124 in 2023, while liabilities remain substantial, indicating a concerning financial position.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's difficult to fully assess. However, the consistent reporting of zero officer compensation across all available filings suggests a potential lack of transparency or a unique compensation structure that isn't captured in this metric. This could also indicate that leadership is compensated through other means or that the organization relies heavily on volunteer leadership, which would be a positive indicator of resource allocation.
Overall, the organization's financial health appears to be under stress, with declining assets and persistent liabilities. The lack of officer compensation data, while potentially positive, also raises questions about the completeness of the financial picture presented in the summary data. Further investigation into the detailed expense categories would be necessary to fully evaluate spending efficiency and program focus.