Is New Jersey Vietnam Veterans Memorial Foundation Inc Legit?
Quick charity verification for New Jersey Vietnam Veterans Memorial Foundation Inc (EIN: 222918698)
Verdict: New Jersey Vietnam Veterans Memorial Foundation Inc appears trustworthy
85/100Mission Score
$4.2MRevenue
$6.8MAssets
3Red Flags
3Strengths
Red Flags
Lack of readily available detailed financial breakdowns and Form 990s on their website.
Limited public information regarding executive compensation.
Significant fluctuation in revenue, from $798,503 in 2022 to $3,254,293 in 2023, without clear public explanation for the substantial increase.
Strengths
Consistent mission focus on honoring Vietnam veterans and educating the public.
Demonstrated growth in revenue from $798,503 in 2022 to $3,254,293 in 2023, indicating increased support.
Positive net assets, growing from $2,267,180 in 2022 to $4,755,859 in 2023, suggesting financial stability.
Spending Breakdown
How New Jersey Vietnam Veterans Memorial Foundation Inc allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
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 Vietnam Veterans Memorial Foundation Inc
Is New Jersey Vietnam Veterans Memorial Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey Vietnam Veterans Memorial Foundation Inc (EIN: 222918698) appears trustworthy. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
Is New Jersey Vietnam Veterans Memorial Foundation Inc a good charity to donate to?
New Jersey Vietnam Veterans Memorial Foundation Inc has a Mission Score of 85/100. Revenue: $4.2M. Assets: $6.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Jersey Vietnam Veterans Memorial Foundation Inc?
The Employer Identification Number (EIN) for New Jersey Vietnam Veterans Memorial Foundation Inc is 222918698. 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 Vietnam Veterans Memorial Foundation Inc spend its money?
New Jersey Vietnam Veterans Memorial Foundation Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Jersey Vietnam Veterans Memorial Foundation Inc's tax-exempt status?
You can verify New Jersey Vietnam Veterans Memorial Foundation Inc's tax-exempt status using EIN 222918698 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 Vietnam Veterans Memorial Foundation Inc is a unknown nonprofit based in Holmdel, New Jersey, with reported revenue of $4.2M and assets of $6.8M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. Executive compensation details are not publicly disclosed on their website or easily found in available filings, preventing a specific assessment of individual salaries. Revenue has grown +142% across 12 filing periods.