55 Kip Center
55 Kip Center: Consistent Community Support, Shifting Financials
EIN: 222674152 · Rutherford, NJ · NTEE: P81Z · Updated: 2026-04-04
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.
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.
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
What does 55 Kip Center do?
55 Kip Center is a nonprofit organization in the Human Services sector, located in Rutherford, New Jersey. It is classified under NTEE code P81Z.
How much revenue does 55 Kip Center have?
55 Kip Center reported total revenue of $440,040. Based on 13 IRS 990 filings on record.
What are 55 Kip Center's total assets?
55 Kip Center holds total assets of $507,104 as reported in IRS 990 filings.
Where is 55 Kip Center located?
55 Kip Center is based in Rutherford, New Jersey.
What is 55 Kip Center's EIN?
55 Kip Center's Employer Identification Number (EIN) is 222674152. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is 55 Kip Center?
55 Kip Center is classified under NTEE code P81Z (Human Services).
Is 55 Kip Center a registered 501(c)(3)?
Yes, 55 Kip Center is recognized as a tax-exempt organization by the IRS. EIN: 222674152.
Does 55 Kip Center file IRS Form 990?
Yes, 55 Kip Center has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was 55 Kip Center's revenue in 2023?
In the 202312 filing period, 55 Kip Center reported total revenue of $375,925, total expenses of $469,178, and net assets of $646,848.
Is 55 Kip Center's revenue growing or declining?
55 Kip Center's revenue is declining. Revenue went from $633,528 (202212) to $375,925 (202312), a -40.7% change. Based on 13 filings on record.
What is 55 Kip Center's most recent 990 filing?
The most recent IRS Form 990 filing for 55 Kip Center covers tax period 202312. It shows revenue of $375,925, expenses of $469,178, total assets of $646,848, and liabilities of $23,604.
How much does 55 Kip Center spend on programs vs administration?
Based on IRS 990 analysis, 55 Kip Center allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is 55 Kip Center a trustworthy charity?
Based on AI analysis of IRS 990 data, 55 Kip Center appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for 55 Kip Center?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are 55 Kip Center's strengths?
Positive indicators for 55 Kip Center include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does 55 Kip Center compensate executives?
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 disclosure of officer, director, and key employee pay.
How transparent is 55 Kip Center?
• The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, indicating a volunteer-led or externally compensated leadership structure. • Detailed financial breakdowns are available through their 990 filings, showing revenue, expenses, and assets over several years. • No specific transparency report or impact report is readily available beyond the mandatory IRS filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 executive compensation, how does 55 Kip Center ensure effective leadership and management without direct salary expenses?
The organization likely relies on dedicated volunteers, pro-bono services, or leadership compensated through an affiliated entity, allowing more funds to be directed towards programs. Further inquiry into their operational model would clarify this.
What factors contributed to the significant decrease in total assets from $738,550 in 2022 to $646,848 in 2023, and how does this impact future sustainability?
The asset decrease could be due to increased program spending, investment losses, or capital expenditures. While still maintaining a healthy asset base, a continued trend could impact long-term financial resilience. Understanding the specific use of these assets is crucial.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $376K | $469K | $647K | $24K | — | — |
| 2022 | $634K | $440K | $739K | $20K | — | — |
| 2021 | $428K | $374K | $541K | $20K | — | View 990 |
| 2020 | $428K | $276K | $483K | $18K | — | — |
| 2019 | $401K | $412K | $338K | $23K | — | View 990 |
| 2018 | $394K | $381K | $351K | $27K | — | View 990 |
| 2017 | $443K | $445K | $349K | $36K | — | View 990 |
| 2016 | $435K | $428K | $351K | $35K | — | View 990 |
| 2015 | $411K | $379K | $337K | $29K | — | View 990 |
| 2014 | $410K | $446K | $302K | $25K | — | View 990 |
| 2013 | $437K | $457K | $305K | $7K | — | View 990 |
| 2012 | $359K | $351K | $323K | $6K | — | View 990 |
| 2011 | $347K | $338K | $330K | $21K | — | View 990 |
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.
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.