Quick charity verification for New Jersey Psychiatric Association Inc (EIN: 210736620)
Verdict: New Jersey Psychiatric Association Inc appears trustworthy
85/100Mission Score
$502KRevenue
$292KAssets
2Red Flags
3Strengths
Red Flags
Expenses exceeded revenue in 2023 ($558,970 vs $518,099) and 2022 ($355,818 vs $315,599), indicating operational deficits.
A consistent decline in assets from $345,805 in 2021 to $263,769 in 2023, despite increasing revenue.
Strengths
Consistent reporting of 0% officer compensation, demonstrating strong financial transparency and mission focus.
Significant revenue growth from $223,803 in 2021 to $518,099 in 2023.
Low liabilities across most filing periods, indicating sound debt management.
Spending Breakdown
How New Jersey Psychiatric Association Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 New Jersey Psychiatric Association Inc
Is New Jersey Psychiatric Association Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey Psychiatric Association Inc (EIN: 210736620) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is New Jersey Psychiatric Association Inc a good charity to donate to?
New Jersey Psychiatric Association Inc has a Mission Score of 85/100. Revenue: $502K. Assets: $292K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Jersey Psychiatric Association Inc?
The Employer Identification Number (EIN) for New Jersey Psychiatric Association Inc is 210736620. 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 Psychiatric Association Inc spend its money?
New Jersey Psychiatric Association Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Jersey Psychiatric Association Inc's tax-exempt status?
You can verify New Jersey Psychiatric Association Inc's tax-exempt status using EIN 210736620 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 New Jersey Psychiatric Association Inc. demonstrates a consistent operational pattern, with revenues generally covering expenses, though some years show a deficit. For instance, in 2023, expenses of $558,970 exceeded revenues of $518,099, indicating a slight operational loss. The organization's assets have fluctuated, decreasing from $345,805 in 2021 to $263,769 in 2023, which warrants attention. However, the organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. The relatively low liabilities across most years also suggest sound financial management.
While specific program spending ratios are not detailed in the provided data, the absence of officer compensation suggests that a significant portion of expenses is likely directed towards operational and programmatic activities. The organization's revenue has shown growth, particularly from $223,803 in 2021 to $518,099 in 2023, indicating increased activity or support. However, the corresponding increase in expenses, sometimes exceeding revenue, suggests a need for careful budgeting to maintain long-term financial stability. The consistent filing of IRS 990 forms over many years demonstrates a commitment to regulatory transparency.
Overall, the New Jersey Psychiatric Association Inc. appears to be a financially stable organization with a strong commitment to transparency regarding executive compensation. Its financial health is generally sound, though recent years show some operational deficits that bear watching. The organization's ability to increase revenue significantly in recent years is a positive sign, but managing expenses to ensure sustainability will be key.