Quick charity verification for New Jersey Financial Service Centers (EIN: 222283659)
Verdict: New Jersey Financial Service Centers shows mixed signals
45/100Mission Score
$212KRevenue
$27KAssets
3Red Flags
1Strengths
Red Flags
Zero program service expenses reported across all available years, raising questions about charitable activities.
Consistent decline in revenue from $268,568 in 2016 to $198,640 in 2023.
Net assets have decreased significantly from $45,395 in 2016 to $30,161 in 2023.
Strengths
Maintains a positive net asset balance, indicating some financial stability despite revenue decline.
Spending Breakdown
How New Jersey Financial Service Centers allocates its funds across programs, administration, and fundraising.
0%
Program Spending
Concerning — less than half to programs
100%
Admin Costs
High — over 25% on administration
0%
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 New Jersey Financial Service Centers
Is New Jersey Financial Service Centers a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey Financial Service Centers (EIN: 222283659) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 1 strength noted.
Is New Jersey Financial Service Centers a good charity to donate to?
New Jersey Financial Service Centers has a Mission Score of 45/100. Revenue: $212K. Assets: $27K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Jersey Financial Service Centers?
The Employer Identification Number (EIN) for New Jersey Financial Service Centers is 222283659. 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 New Jersey Financial Service Centers spend its money?
New Jersey Financial Service Centers allocates 0% to programs, 100% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Jersey Financial Service Centers's tax-exempt status?
You can verify New Jersey Financial Service Centers's tax-exempt status using EIN 222283659 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
New Jersey Financial Service Centers is a unknown nonprofit based in Clifton, New Jersey, with reported revenue of $212K and assets of $27K. Our AI analysis assigns a Mission Score of 45/100 (Fair). Executive compensation is not reported in available filings, suggesting it is below the $150,000 threshold for disclosure. Revenue has declined -10% across 13 filing periods.