Is New Jersey Agricultural Society Legit?

The New Jersey Agricultural Society demonstrates a generally stable financial position, with recent revenues fluctuating around the $500,000-$600,000 mark. In the latest period (202309), the organization reported revenues of $580,703 against expenses of $614,743, indicating a slight deficit for the year. This follows a surplus in the prior year (202209) where revenue exceeded expenses by over $21,000. The organization's assets have shown growth over the past decade, increasing from $259,419 in 2014 to $522,431 in 2023, suggesting prudent financial management and asset accumulation. Spending efficiency appears to be a strength, particularly given the consistent reporting of 0% officer compensation across all available filings. This indicates that executive leadership is either volunteer-based or compensated through other means not categorized as officer compensation, which can free up more funds for programmatic activities. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the absence of officer compensation is a positive indicator for donor confidence regarding overhead. Transparency is high regarding executive compensation, as the 0% reported for officer compensation is a clear and consistent data point. The availability of 13 years of filing history also contributes to transparency, allowing for a comprehensive review of financial trends. However, without detailed breakdowns of functional expenses (program, admin, fundraising), a complete assessment of spending efficiency and program focus is limited.