55 Kip Center

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55 Kip Center Form 990, Revenue, CEO Pay, and IRS Filing Signals

55 Kip Center is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around 55 Kip Center in one place.

Is 55 Kip Center Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, 55 Kip Center shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Keep the Investigation Moving

55 Kip Center directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About 55 Kip Center

55 Kip Center (EIN: 222674152) is a nonprofit organization based in Rutherford, NJ, classified under NTEE code P81Z. The organization reported total revenue of $440K and total assets of $507K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of 55 Kip Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

55 Kip Center is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.7%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, 55 Kip Center reported a deficit of $93K with expenses exceeding revenue, holds 16.5 months of operating reserves (strong position), has a debt-to-asset ratio of 3.6% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), 55 Kip Center's revenue has grown at a compound annual growth rate (CAGR) of 0.7%.

IRS Tax-Exempt Classification

Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates 55 Kip Center with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 10%
• programs: 80%
• fundraising: 10%

According to IRS 990 filings, 55 Kip Center allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $93K, with expenses exceeding revenue.
• Debt-to-asset ratio: 3.6%.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, suggesting a volunteer board or leadership compensated through other means, which is a positive for program efficiency.

Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.

Red Flags

The following concerns were identified during AI analysis of 55 Kip Center's IRS 990 filings:

• Total expenses exceeded revenue in 2023 ($469,178 expenses vs. $375,925 revenue), continuing a trend from 2019 and 2017, which could indicate reliance on prior year reserves or other funding sources not immediately apparent.
• A notable decrease in total assets from $738,550 in 2022 to $646,848 in 2023, warrants further investigation into the cause of this decline.

Strengths

The following positive indicators were identified for 55 Kip Center:

• Consistent mission delivery with stable revenue streams over many years, indicating strong community support.
• Zero reported executive compensation contributes directly to higher program spending efficiency.
• Maintains a healthy asset base relative to annual expenses, providing financial stability.
• Long operational history (data back to 2016) demonstrates sustained community presence and impact.

Frequently Asked Questions about 55 Kip Center

Filing History

IRS 990 filing history for 55 Kip Center showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), 55 Kip Center's revenue has grown by 8.4%, moving from $347K to $376K. Total assets increased by 95.7% over the same period, from $330K to $647K. Total functional expenses rose by 38.8%, from $338K to $469K. In its most recent filing year (2023), 55 Kip Center reported a deficit of $93K, with expenses exceeding revenue. The organization holds $24K in liabilities against $647K in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $623K.

Year-by-Year Financial Summary

• 2023: Revenue of $376K, expenses of $469K, and assets of $647K (revenue -40.7% year-over-year).
• 2022: Revenue of $634K, expenses of $440K, and assets of $739K (revenue +48.1% year-over-year).
• 2021: Revenue of $428K, expenses of $374K, and assets of $541K (revenue +0.0% year-over-year).
• 2020: Revenue of $428K, expenses of $276K, and assets of $483K (revenue +6.7% year-over-year).
• 2019: Revenue of $401K, expenses of $412K, and assets of $338K (revenue +1.7% year-over-year).
• 2018: Revenue of $394K, expenses of $381K, and assets of $351K (revenue -11.0% year-over-year).
• 2017: Revenue of $443K, expenses of $445K, and assets of $349K (revenue +1.8% year-over-year).
• 2016: Revenue of $435K, expenses of $428K, and assets of $351K (revenue +5.8% year-over-year).
• 2015: Revenue of $411K, expenses of $379K, and assets of $337K (revenue +0.3% year-over-year).
• 2014: Revenue of $410K, expenses of $446K, and assets of $302K (revenue -6.1% year-over-year).
• 2013: Revenue of $437K, expenses of $457K, and assets of $305K (revenue +21.7% year-over-year).
• 2012: Revenue of $359K, expenses of $351K, and assets of $323K (revenue +3.5% year-over-year).
• 2011: Revenue of $347K, expenses of $338K, and assets of $330K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for 55 Kip Center:

Data Sources and Methodology

This transparency report for 55 Kip Center is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.

IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.