Quick charity verification for United Way Of Northern New Jersey Inc (EIN: 221487247)
Verdict: United Way Of Northern New Jersey Inc appears trustworthy
75/100Mission Score
$12.1MRevenue
$19.5MAssets
3Red Flags
3Strengths
Red Flags
Significant revenue volatility observed over the past five years, ranging from a high of $18,858,850 in 2021 to a low of $7,276,255 in 2019, which could impact program stability.
Executive compensation, particularly the CEO's $350,000 in 2023, is a notable percentage of the organization's revenue, especially in years with lower revenue figures.
While assets have grown, the organization reported a net loss in 2023 (expenses of $9,660,331 exceeding revenue of $8,793,562).
Strengths
Consistent growth in assets, from $4,227,806 in 2019 to $19,734,995 in 2023, indicating strong financial management and investment.
Maintains a healthy liquidity position, with current assets significantly exceeding current liabilities.
Demonstrates a commitment to programs, with a substantial portion of expenses allocated to programmatic activities.
AI Transparency Report
United Way Of Northern New Jersey Inc is a philanthropy, voluntarism & grantmaking nonprofit based in Cedar Knolls, New Jersey, with reported revenue of $12.1M and assets of $19.5M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. Executive compensation appears high relative to revenue, with the CEO's compensation reported at $350,000 in 2023, representing approximately 4% of the $8,793,562 in revenue for that year. Revenue has declined -26% across 13 filing periods.