Quick charity verification for Vision Loss Alliance Of New Jersey Inc (EIN: 221592609)
Verdict: Vision Loss Alliance Of New Jersey Inc appears trustworthy
85/100Mission Score
$1.2MRevenue
$6.5MAssets
2Red Flags
3Strengths
Red Flags
Significant revenue volatility, with a drop from $1,824,430 in 2021 to $685,205 in 2022, then a rebound to $1,992,217 in 2023, indicating potential reliance on large, infrequent grants or events.
Net assets decreased from $8,576,163 in 2021 to $6,890,309 in 2023, suggesting a draw on reserves or significant capital expenditures not fully offset by revenue.
Strengths
Consistent program delivery focused on vision loss support.
Healthy asset base of over $6 million, providing financial stability despite revenue fluctuations.
Low liability-to-asset ratio, indicating strong financial health and minimal debt burden.
Spending Breakdown
How Vision Loss Alliance Of New Jersey 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 Vision Loss Alliance Of New Jersey Inc
Is Vision Loss Alliance Of New Jersey Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Vision Loss Alliance Of New Jersey Inc (EIN: 221592609) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Vision Loss Alliance Of New Jersey Inc a good charity to donate to?
Vision Loss Alliance Of New Jersey Inc has a Mission Score of 85/100. Revenue: $1.2M. Assets: $6.5M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Vision Loss Alliance Of New Jersey Inc?
The Employer Identification Number (EIN) for Vision Loss Alliance Of New Jersey Inc is 221592609. 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 Vision Loss Alliance Of New Jersey Inc spend its money?
Vision Loss Alliance Of New Jersey Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Vision Loss Alliance Of New Jersey Inc's tax-exempt status?
You can verify Vision Loss Alliance Of New Jersey Inc's tax-exempt status using EIN 221592609 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
Vision Loss Alliance Of New Jersey Inc is a unknown nonprofit based in Morris Plains, New Jersey, with reported revenue of $1.2M and assets of $6.5M. 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 appears reasonable, with the CEO's reported compensation of $120,000 in 2022 representing approximately 17.5% of the organization's total revenue for that year, which is within acceptable ranges for a nonprofit of this size. Revenue has grown +185% across 13 filing periods.