Amvets Service Foundation Of New Jersey
Amvets Service Foundation of New Jersey: Consistent Revenue, High Expenses
EIN: 221548202 · Somers Point, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $168K |
| Total Expenses | $122K |
| Program Spending | 70% |
| Net Assets | $496K |
| Transparency Score | 65/100 |
Is Amvets Service Foundation Of New Jersey Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Amvets Service Foundation Of New Jersey directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Amvets Service Foundation Of New Jersey
Amvets Service Foundation Of New Jersey (EIN: 221548202) is a nonprofit organization based in Somers Point, NJ. The organization reported total revenue of $168K and total assets of $509K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Amvets Service Foundation Of New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Amvets Service Foundation Of New Jersey is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $139K |
| Total Expenses | $122K |
| Surplus / Deficit | +$17K |
| Total Assets | $496K |
| Net Assets | $496K |
| Operating Margin | 12.1% |
| Months of Reserves | 48.6 months |
Financial Health Grade: A
In 2024, Amvets Service Foundation Of New Jersey reported a surplus of $17K with revenue exceeding expenses, holds 48.6 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2012–2024), Amvets Service Foundation Of New Jersey's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +17.3% | -0.7% | +84.2% |
| 2023 | -8.7% | -6.9% | -0.3% |
| 2022 | +4.2% | +3.3% | +7.0% |
| 2021 | -25.9% | +7.2% | -1.4% |
| 2020 | +102.7% | +7.7% | +83.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Amvets Service Foundation Of New Jersey 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, Amvets Service Foundation Of New Jersey allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $17K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it may be below reporting thresholds or not applicable.
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 Amvets Service Foundation Of New Jersey's IRS 990 filings:
- Expenses consistently exceed revenue in recent years (e.g., 2024: revenue $139,165, expenses $122,354; 2023: revenue $118,602, expenses $123,266).
- The organization's net assets have shown significant fluctuation, with a notable increase in 2024 to $495,821 from $269,129 in 2023, without clear explanation in the provided data.
- Lack of detailed program information makes it difficult to assess the direct impact of spending.
Strengths
The following positive indicators were identified for Amvets Service Foundation Of New Jersey:
- Consistent revenue generation over the past several years, demonstrating stable donor support.
- Significant growth in assets in the most recent filing year (2024), indicating potential for future program expansion or financial stability.
- Long operational history, suggesting established community presence.
Frequently Asked Questions about Amvets Service Foundation Of New Jersey
Is Amvets Service Foundation Of New Jersey a legitimate charity?
Based on AI analysis of IRS 990 filings, Amvets Service Foundation Of New Jersey (EIN: 221548202) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does Amvets Service Foundation Of New Jersey spend its money?
Amvets Service Foundation Of New Jersey directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Amvets Service Foundation Of New Jersey tax-deductible?
Amvets Service Foundation Of New Jersey is registered as a tax-exempt nonprofit (EIN: 221548202). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Amvets Service Foundation Of New Jersey's spending goes to programs?
Amvets Service Foundation Of New Jersey directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Amvets Service Foundation Of New Jersey located?
Amvets Service Foundation Of New Jersey is headquartered in Somers Point, New Jersey and files with the IRS under EIN 221548202.
How many years of IRS 990 filings does Amvets Service Foundation Of New Jersey have?
Amvets Service Foundation Of New Jersey has 13 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 $168K in total revenue.
What does Amvets Service Foundation Of New Jersey do?
Amvets Service Foundation Of New Jersey is a nonprofit organization in the Unknown sector, located in Somers Point, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Amvets Service Foundation Of New Jersey have?
Amvets Service Foundation Of New Jersey reported total revenue of $168,297. Based on 13 IRS 990 filings on record.
What are Amvets Service Foundation Of New Jersey's total assets?
Amvets Service Foundation Of New Jersey holds total assets of $508,546 as reported in IRS 990 filings.
Where is Amvets Service Foundation Of New Jersey located?
Amvets Service Foundation Of New Jersey is based in Somers Point, New Jersey.
What is Amvets Service Foundation Of New Jersey's EIN?
Amvets Service Foundation Of New Jersey's Employer Identification Number (EIN) is 221548202. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Amvets Service Foundation Of New Jersey?
Amvets Service Foundation Of New Jersey is classified under NTEE code Unknown (Unknown).
Is Amvets Service Foundation Of New Jersey a registered 501(c)(3)?
Amvets Service Foundation Of New Jersey appears in IRS records (EIN: 221548202). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Amvets Service Foundation Of New Jersey file IRS Form 990?
Yes, Amvets Service Foundation Of New Jersey has 13 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Amvets Service Foundation Of New Jersey's revenue in 2024?
In the 202406 filing period, Amvets Service Foundation Of New Jersey reported total revenue of $139,165, total expenses of $122,354, and net assets of $495,821.
Is Amvets Service Foundation Of New Jersey's revenue growing or declining?
Amvets Service Foundation Of New Jersey's revenue is growing. Revenue went from $118,602 (202306) to $139,165 (202406), a +17.3% change. Based on 13 filings on record.
What is Amvets Service Foundation Of New Jersey's most recent 990 filing?
The most recent IRS Form 990 filing for Amvets Service Foundation Of New Jersey covers tax period 202406. It shows revenue of $139,165, expenses of $122,354, total assets of $495,821, and liabilities of N/A.
How much does Amvets Service Foundation Of New Jersey spend on programs vs administration?
Based on IRS 990 analysis, Amvets Service Foundation Of New Jersey allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Amvets Service Foundation Of New Jersey a trustworthy charity?
Based on AI analysis of IRS 990 data, Amvets Service Foundation Of New Jersey shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Amvets Service Foundation Of New Jersey?
The following concerns were identified: Expenses consistently exceed revenue in recent years (e.g., 2024: revenue $139,165, expenses $122,354; 2023: revenue $118,602, expenses $123,266).. The organization's net assets have shown significant fluctuation, with a notable increase in 2024 to $495,821 from $269,129 in 2023, without clear explanation in the provided data.. Lack of detailed program information makes it difficult to assess the direct impact of spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Amvets Service Foundation Of New Jersey's strengths?
Positive indicators for Amvets Service Foundation Of New Jersey include: Consistent revenue generation over the past several years, demonstrating stable donor support.. Significant growth in assets in the most recent filing year (2024), indicating potential for future program expansion or financial stability.. Long operational history, suggesting established community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Amvets Service Foundation Of New Jersey compensate executives?
Executive compensation is not reported in the provided data, indicating it may be below reporting thresholds or not applicable. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the substantial increase in assets from $269,129 in 2023 to $495,821 in 2024, given that expenses exceeded revenue in both years?
The provided data does not specify the source of this asset increase. It could be due to non-operating income, investment gains, or a significant one-time donation not reflected in annual revenue figures.
How does the organization manage to sustain operations with expenses frequently exceeding reported revenue, as seen in multiple years?
This suggests the organization may be drawing from accumulated reserves, receiving non-cash contributions, or has other unreported income streams that cover the deficit between reported revenue and expenses.
Filing History
IRS 990 filing history for Amvets Service Foundation Of New Jersey showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Amvets Service Foundation Of New Jersey's revenue has grown by 48%, moving from $94K to $139K. Total assets increased by 84.8% over the same period, from $268K to $496K. Total functional expenses rose by 66.5%, from $73K to $122K. In its most recent filing year (2024), Amvets Service Foundation Of New Jersey reported a surplus of $17K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $139K | $122K | $496K | $0 | — | — |
| 2023 | $119K | $123K | $269K | $0 | — | View 990 |
| 2022 | $130K | $132K | $270K | $0 | — | View 990 |
| 2021 | $125K | $128K | $252K | $0 | — | — |
| 2020 | $168K | $120K | $256K | $0 | — | View 990 |
| 2019 | $83K | $111K | $139K | $0 | — | View 990 |
| 2018 | $118K | $127K | $157K | $0 | — | View 990 |
| 2017 | $115K | $115K | $165K | $0 | — | View 990 |
| 2016 | $103K | $217K | $166K | $0 | — | View 990 |
| 2015 | $117K | $102K | $280K | $0 | — | View 990 |
| 2014 | $90K | $89K | $265K | $0 | — | View 990 |
| 2013 | $74K | $78K | $264K | $0 | — | View 990 |
| 2012 | $94K | $73K | $268K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $139K, expenses of $122K, and assets of $496K (revenue +17.3% year-over-year).
- 2023: Revenue of $119K, expenses of $123K, and assets of $269K (revenue -8.7% year-over-year).
- 2022: Revenue of $130K, expenses of $132K, and assets of $270K (revenue +4.2% year-over-year).
- 2021: Revenue of $125K, expenses of $128K, and assets of $252K (revenue -25.9% year-over-year).
- 2020: Revenue of $168K, expenses of $120K, and assets of $256K (revenue +102.7% year-over-year).
- 2019: Revenue of $83K, expenses of $111K, and assets of $139K (revenue -29.9% year-over-year).
- 2018: Revenue of $118K, expenses of $127K, and assets of $157K (revenue +3.2% year-over-year).
- 2017: Revenue of $115K, expenses of $115K, and assets of $165K (revenue +11.6% year-over-year).
- 2016: Revenue of $103K, expenses of $217K, and assets of $166K (revenue -12.5% year-over-year).
- 2015: Revenue of $117K, expenses of $102K, and assets of $280K (revenue +30.5% year-over-year).
- 2014: Revenue of $90K, expenses of $89K, and assets of $265K (revenue +21.5% year-over-year).
- 2013: Revenue of $74K, expenses of $78K, and assets of $264K (revenue -21.2% year-over-year).
- 2012: Revenue of $94K, expenses of $73K, and assets of $268K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Amvets Service Foundation Of New Jersey:
Data Sources and Methodology
This transparency report for Amvets Service Foundation Of New Jersey 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.