African American Fund Of New Jersey Inc
African American Fund of New Jersey: Declining Revenue and Asset Base Raise Concerns
EIN: 222349446 · East Orange, NJ · NTEE: P20 · Updated: 2026-04-04
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African American Fund Of New Jersey Inc is mapped to EIN 222349446.
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6 stored filing years available.
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| Metric | Value |
|---|---|
| Total Revenue | $251K |
| Total Expenses | $164K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $658K |
| Transparency Score | 65/100 |
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African American Fund Of New Jersey Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals
African American Fund Of New Jersey Inc 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 African American Fund Of New Jersey Inc in one place.
Form 990 Filing Summary
6 filing years are available, with latest revenue of $221K and expenses of $164K.
Revenue and Expenses
African American Fund Of New Jersey Inc reported $221K in revenue and $164K in expenses, a surplus of $57K.
Executive Compensation
Top officer compensation appears as $0 in the stored analysis, with context against revenue and expenses below.
Charity Score and Red Flags
65/100 mission score, 4 red flags, and 1 strength are shown from structured and AI review.
Is African American Fund Of New Jersey Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
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Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $115K (70%) |
Across stored filings, African American Fund Of New Jersey Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
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| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 4 red flags identified |
| Mission spend | 70% to programs | Good |
| Financial durability | Grade A | 6 stored filing years |
| Peer context | Compare with Dance For The Cure Inc | New Jersey and Human Services context |
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African American Fund Of New Jersey Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About African American Fund Of New Jersey Inc
African American Fund Of New Jersey Inc (EIN: 222349446) is a nonprofit organization based in East Orange, NJ, classified under NTEE code P20. The organization reported total revenue of $251K and total assets of $658K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of African American Fund Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
African American Fund Of New Jersey Inc is a small nonprofit that has been operating for 3 years, with 6 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -9.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $221K |
| Total Expenses | $164K |
| Surplus / Deficit | +$57K |
| Total Assets | $658K |
| Net Assets | $658K |
| Operating Margin | 25.9% |
| Months of Reserves | 48.2 months |
Financial Health Grade: A
In 2023, African American Fund Of New Jersey Inc reported a surplus of $57K with revenue exceeding expenses, holds 48.2 months of operating reserves (strong position).
Financial Trends
Over 6 years of filings (2010–2023), African American Fund Of New Jersey Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +121.8% | +73.5% | +9.6% |
| 2022 | -36.7% | -70.9% | -93.0% |
| 2014 | -85.4% | -70.0% | +12035.0% |
| 2012 | +28.4% | +8.8% | -99.2% |
| 2011 | +7.8% | -7.1% | -2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2023 |
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 African American Fund Of New Jersey Inc with a Mission Score of 65 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, African American Fund Of New Jersey Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $57K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for all years available, which is unusual for an organization with reported revenues and assets and requires further clarification.
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 African American Fund Of New Jersey Inc's IRS 990 filings:
- Significant decline in total assets from $9,713,012 in 2010 to $658,267 in 2023.
- Revenue has decreased substantially from $1,076,776 in 2012 to $221,494 in 2023.
- Consistent reporting of 0% compensation across all available filings raises questions about operational structure and volunteer reliance.
- Large liabilities reported in earlier years (e.g., $9,133,157 in 2010) are no longer present, but the reason for their disappearance and impact on assets is unclear.
Strengths
The following positive indicators were identified for African American Fund Of New Jersey Inc:
- The organization has maintained operations for over a decade despite significant financial changes.
Frequently Asked Questions about African American Fund Of New Jersey Inc
Is African American Fund Of New Jersey Inc a legitimate charity?
African American Fund Of New Jersey Inc (EIN: 222349446) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 6 years of IRS 990 filings on record. Total revenue: $251K. 4 red flags identified. 1 strength noted. Financial health grade: A.
How does African American Fund Of New Jersey Inc spend its money?
African American Fund Of New Jersey Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to African American Fund Of New Jersey Inc tax-deductible?
African American Fund Of New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 222349446). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the African American Fund Of New Jersey Inc CEO make?
African American Fund Of New Jersey Inc's highest-compensated officer earns $0 annually. The organization reported $251K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of African American Fund Of New Jersey Inc's spending goes to programs?
African American Fund Of New Jersey Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does African American Fund Of New Jersey Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), African American Fund Of New Jersey Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is African American Fund Of New Jersey Inc located?
African American Fund Of New Jersey Inc is headquartered in East Orange, New Jersey and files with the IRS under EIN 222349446. It is classified under NTEE code P20.
How many years of IRS 990 filings does African American Fund Of New Jersey Inc have?
African American Fund Of New Jersey Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $251K in total revenue.
What does African American Fund Of New Jersey Inc do?
African American Fund Of New Jersey Inc is a nonprofit organization in the Human Services sector, located in East Orange, New Jersey. It is classified under NTEE code P20.
How much revenue does African American Fund Of New Jersey Inc have?
African American Fund Of New Jersey Inc reported total revenue of $250,747. Based on 6 IRS 990 filings on record.
What are African American Fund Of New Jersey Inc's total assets?
African American Fund Of New Jersey Inc holds total assets of $658,267 as reported in IRS 990 filings.
Where is African American Fund Of New Jersey Inc located?
African American Fund Of New Jersey Inc is based in East Orange, New Jersey.
What is African American Fund Of New Jersey Inc's EIN?
African American Fund Of New Jersey Inc's Employer Identification Number (EIN) is 222349446. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is African American Fund Of New Jersey Inc?
African American Fund Of New Jersey Inc is classified under NTEE code P20 (Human Services).
Is African American Fund Of New Jersey Inc a registered 501(c)(3)?
Yes, African American Fund Of New Jersey Inc is recognized as a tax-exempt organization by the IRS. EIN: 222349446.
Does African American Fund Of New Jersey Inc file IRS Form 990?
Yes, African American Fund Of New Jersey Inc has 6 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was African American Fund Of New Jersey Inc's revenue in 2023?
In the 202312 filing period, African American Fund Of New Jersey Inc reported total revenue of $221,494, total expenses of $164,050, and net assets of $658,267.
Is African American Fund Of New Jersey Inc's revenue growing or declining?
African American Fund Of New Jersey Inc's revenue is growing. Revenue went from $99,877 (202212) to $221,494 (202312), a +121.8% change. Based on 6 filings on record.
What is African American Fund Of New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for African American Fund Of New Jersey Inc covers tax period 202312. It shows revenue of $221,494, expenses of $164,050, total assets of $658,267, and liabilities of N/A.
How much does African American Fund Of New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, African American Fund Of New Jersey Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is African American Fund Of New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, African American Fund Of New Jersey Inc shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 1 strength noted.
What are the red flags for African American Fund Of New Jersey Inc?
The following concerns were identified: Significant decline in total assets from $9,713,012 in 2010 to $658,267 in 2023.. Revenue has decreased substantially from $1,076,776 in 2012 to $221,494 in 2023.. Consistent reporting of 0% compensation across all available filings raises questions about operational structure and volunteer reliance.. Large liabilities reported in earlier years (e.g., $9,133,157 in 2010) are no longer present, but the reason for their disappearance and impact on assets is unclear.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are African American Fund Of New Jersey Inc's strengths?
Positive indicators for African American Fund Of New Jersey Inc include: The organization has maintained operations for over a decade despite significant financial changes.. These findings are derived from AI analysis of the organization's financial filings.
How does African American Fund Of New Jersey Inc compensate executives?
The organization consistently reports $0 in compensation for all years available, which is unusual for an organization with reported revenues and assets and requires further clarification. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the dramatic reduction in assets and the disappearance of large liabilities between 2012 and 2014, and how did this impact the organization's mission delivery?
Between 2012 and 2014, total assets plummeted from $71,086 to $8,626,316 (after a previous high of $9.7M in 2010), while liabilities of $862,853 also disappeared. This suggests a major restructuring or transfer of assets, which would significantly alter the organization's capacity and operational focus.
Given the consistent reporting of 0% compensation, how does the African American Fund of New Jersey Inc. manage its operations and ensure effective governance and program execution?
The consistent reporting of $0 in compensation across all available filings suggests either an entirely volunteer-run model or that compensation is being reported under a different category or entity. Understanding the operational model is crucial for assessing sustainability and accountability.
Filing History
IRS 990 filing history for African American Fund Of New Jersey Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2010–2023), African American Fund Of New Jersey Inc's revenue has declined by 71.5%, moving from $778K to $221K. Total assets decreased by 93.2% over the same period, from $9.7M to $658K. Total functional expenses fell by 84.7%, from $1.1M to $164K. In its most recent filing year (2023), African American Fund Of New Jersey Inc reported a surplus of $57K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $221K | $164K | $658K | $0 | — | — |
| 2022 | $100K | $95K | $601K | $0 | — | View 990 |
| 2014 | $158K | $324K | $8.6M | $7.9M | — | View 990 |
| 2012 | $1.1M | $1.1M | $71K | $863K | — | View 990 |
| 2011 | $839K | $994K | $9.5M | $9.0M | — | View 990 |
| 2010 | $778K | $1.1M | $9.7M | $9.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $221K, expenses of $164K, and assets of $658K (revenue +121.8% year-over-year).
- 2022: Revenue of $100K, expenses of $95K, and assets of $601K (revenue -36.7% year-over-year).
- 2014: Revenue of $158K, expenses of $324K, and assets of $8.6M (revenue -85.4% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $71K (revenue +28.4% year-over-year).
- 2011: Revenue of $839K, expenses of $994K, and assets of $9.5M (revenue +7.8% year-over-year).
- 2010: Revenue of $778K, expenses of $1.1M, and assets of $9.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for African American Fund Of New Jersey Inc:
Data Sources and Methodology
This transparency report for African American Fund Of New Jersey Inc 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.