Quick charity verification for Merakey New Jersey Inc (EIN: 222334709)
Verdict: Merakey New Jersey Inc appears trustworthy
75/100Mission Score
$18.1MRevenue
$4.7MAssets
2Red Flags
2Strengths
Red Flags
Consistent reporting of 0% compensation for key employees across all available filings (e.g., 202306, 202206) raises questions about how executive salaries are actually accounted for.
Total assets have shown a significant decline from $3,900,400 in 2020 to $3,804,978 in 2023, while liabilities have increased from $3,280,918 in 2021 to $4,555,792 in 2023.
Strengths
The organization has maintained a relatively stable revenue stream, with 2023 revenue at $15,710,625 and 2022 at $15,992,317.
Despite fluctuations, the organization has consistently reported positive net assets (assets minus liabilities) in most years, indicating financial solvency.
Spending Breakdown
How Merakey New Jersey Inc allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Merakey New Jersey Inc
Is Merakey New Jersey Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Merakey New Jersey Inc (EIN: 222334709) appears trustworthy. Mission Score: 75/100. 2 red flags identified, 2 strengths noted.
Is Merakey New Jersey Inc a good charity to donate to?
Merakey New Jersey Inc has a Mission Score of 75/100. Revenue: $18.1M. Assets: $4.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Merakey New Jersey Inc?
The Employer Identification Number (EIN) for Merakey New Jersey Inc is 222334709. 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 Merakey New Jersey Inc spend its money?
Merakey New Jersey Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Merakey New Jersey Inc's tax-exempt status?
You can verify Merakey New Jersey Inc's tax-exempt status using EIN 222334709 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
Merakey New Jersey Inc is a unknown nonprofit based in Lafayette Hl, Pennsylvania, with reported revenue of $18.1M and assets of $4.7M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 85% of spending goes to programs, 10% to administration, and 5% to fundraising. Executive compensation is consistently reported as 0% in available filings, which is unusual for an organization of this size and suggests compensation may be reported under different categories or through a related entity, requiring deeper scrutiny. Revenue has grown +621% across 13 filing periods.