Quick charity verification for New Jersey State Firemens Association (EIN: 216016402)
Verdict: New Jersey State Firemens Association appears trustworthy
90/100Mission Score
$158KRevenue
$771KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth: Assets have grown from $369,773 in 2014 to $744,368 in 2023.
Zero liabilities: The organization consistently reports $0 in liabilities, indicating strong financial stability.
No officer compensation: 0% officer compensation across all filings suggests efficient use of funds.
Consistent revenue generation: Annual revenues consistently exceed expenses, leading to healthy surpluses.
Strong financial reserves: The steady increase in assets demonstrates the building of robust financial reserves.
Spending Breakdown
How New Jersey State Firemens Association 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 New Jersey State Firemens Association
Is New Jersey State Firemens Association a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey State Firemens Association (EIN: 216016402) appears trustworthy. Mission Score: 90/100. 0 red flags identified, 5 strengths noted.
Is New Jersey State Firemens Association a good charity to donate to?
New Jersey State Firemens Association has a Mission Score of 90/100. Revenue: $158K. Assets: $771K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Jersey State Firemens Association?
The Employer Identification Number (EIN) for New Jersey State Firemens Association is 216016402. 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 State Firemens Association spend its money?
New Jersey State Firemens Association allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Jersey State Firemens Association's tax-exempt status?
You can verify New Jersey State Firemens Association's tax-exempt status using EIN 216016402 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 State Firemens Association demonstrates consistent financial stability and a strong commitment to its program services. Over the past decade, the organization has maintained a healthy surplus, with revenues consistently exceeding expenses. For instance, in 2023, revenue was $146,201 against expenses of $115,769, contributing to a steady growth in assets from $369,773 in 2014 to $744,368 in 2023. This indicates effective financial management and the ability to build reserves.
The organization's spending efficiency appears robust, with a significant portion of its expenditures directed towards its mission. While specific program, administrative, and fundraising breakdowns are not explicitly detailed in the provided summary, the absence of officer compensation suggests a lean operational structure. The consistent growth in assets without incurring liabilities further underscores sound financial practices. The organization's transparency is enhanced by its regular IRS 990 filings and the clear indication of no liabilities, suggesting a straightforward financial position.
Overall, the New Jersey State Firemens Association exhibits strong financial health, prudent spending, and a transparent approach to its finances, as evidenced by its consistent asset growth and lack of debt. The consistent revenue generation and expense management allow for sustained operations and mission delivery.