Aspira Inc Of New Jersey
Aspira Inc Of New Jersey: Declining Revenue, Inconsistent Financial Health
EIN: 221859916 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 75% |
| Net Assets | $1.0M |
| Transparency Score | 65/100 |
Is Aspira Inc 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 →
Aspira Inc Of New Jersey directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Aspira Inc Of New Jersey
Aspira Inc Of New Jersey (EIN: 221859916) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $1.4M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Aspira Inc Of New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Aspira Inc Of New Jersey is a mid-size nonprofit that has been operating for 57 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$186K |
| Total Assets | $1.1M |
| Total Liabilities | $38K |
| Net Assets | $1.0M |
| Operating Margin | 12.8% |
| Debt-to-Asset Ratio | 3.6% |
| Months of Reserves | 10.1 months |
Financial Health Grade: A
In 2023, Aspira Inc Of New Jersey reported a surplus of $186K with revenue exceeding expenses, holds 10.1 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), Aspira Inc Of New Jersey's revenue has declined at a compound annual growth rate (CAGR) of -2.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.6% | -23.2% | +22.2% |
| 2022 | -5.9% | +7.5% | -31.4% |
| 2021 | -10.8% | -1.5% | +0.6% |
| 2020 | -19.5% | -11.7% | +3.2% |
| 2019 | -11.7% | -4.4% | +46.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1969 |
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 Aspira Inc 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: 75%
- fundraising: 10%
According to IRS 990 filings, Aspira Inc Of New Jersey allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 surplus of $186K, with revenue exceeding expenses.
- Debt-to-asset ratio: 3.6%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the summarized financial data, preventing a specific assessment of individual salaries.
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 Aspira Inc Of New Jersey's IRS 990 filings:
- Significant and consistent decline in revenue over the past five years, from $2,371,639 in 2018 to $1,357,065 in 2023.
- Large fluctuations in net assets, indicating potential instability or significant one-time events.
- Lack of detailed program expense breakdown in provided data makes it difficult to fully assess program efficiency.
Strengths
The following positive indicators were identified for Aspira Inc Of New Jersey:
- Maintains positive net assets, indicating solvency.
- Consistent reporting of financial data over several years.
- No reported lobbying expenses, suggesting focus on direct mission activities.
Frequently Asked Questions about Aspira Inc Of New Jersey
Is Aspira Inc Of New Jersey a legitimate charity?
Aspira Inc Of New Jersey (EIN: 221859916) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Aspira Inc Of New Jersey spend its money?
Aspira Inc Of New Jersey directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Aspira Inc Of New Jersey tax-deductible?
Aspira Inc Of New Jersey is registered as a tax-exempt nonprofit (EIN: 221859916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Aspira Inc Of New Jersey's spending goes to programs?
Aspira Inc Of New Jersey directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Aspira Inc Of New Jersey located?
Aspira Inc Of New Jersey is headquartered in Newark, New Jersey and files with the IRS under EIN 221859916.
How many years of IRS 990 filings does Aspira Inc Of New Jersey have?
Aspira Inc 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 $1.4M in total revenue.
What does Aspira Inc Of New Jersey do?
Aspira Inc Of New Jersey is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Aspira Inc Of New Jersey have?
Aspira Inc Of New Jersey reported total revenue of $1,357,065. Based on 13 IRS 990 filings on record.
What are Aspira Inc Of New Jersey's total assets?
Aspira Inc Of New Jersey holds total assets of $2,495,829 as reported in IRS 990 filings.
Where is Aspira Inc Of New Jersey located?
Aspira Inc Of New Jersey is based in Newark, New Jersey.
What is Aspira Inc Of New Jersey's EIN?
Aspira Inc Of New Jersey's Employer Identification Number (EIN) is 221859916. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Aspira Inc Of New Jersey?
Aspira Inc Of New Jersey is classified under NTEE code Unknown (Unknown).
Is Aspira Inc Of New Jersey a registered 501(c)(3)?
Aspira Inc Of New Jersey appears in IRS records (EIN: 221859916). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Aspira Inc Of New Jersey file IRS Form 990?
Yes, Aspira Inc Of New Jersey has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Aspira Inc Of New Jersey's revenue in 2023?
In the 202306 filing period, Aspira Inc Of New Jersey reported total revenue of $1,449,912, total expenses of $1,264,403, and net assets of $1,065,582.
Is Aspira Inc Of New Jersey's revenue growing or declining?
Aspira Inc Of New Jersey's revenue is relatively stable. Revenue went from $1,413,779 (202206) to $1,449,912 (202306), a +2.6% change. Based on 13 filings on record.
What is Aspira Inc Of New Jersey's most recent 990 filing?
The most recent IRS Form 990 filing for Aspira Inc Of New Jersey covers tax period 202306. It shows revenue of $1,449,912, expenses of $1,264,403, total assets of $1,065,582, and liabilities of $37,881.
How much does Aspira Inc Of New Jersey spend on programs vs administration?
Based on IRS 990 analysis, Aspira Inc Of New Jersey allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Aspira Inc Of New Jersey a trustworthy charity?
Based on AI analysis of IRS 990 data, Aspira Inc Of New Jersey shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Aspira Inc Of New Jersey?
The following concerns were identified: Significant and consistent decline in revenue over the past five years, from $2,371,639 in 2018 to $1,357,065 in 2023.. Large fluctuations in net assets, indicating potential instability or significant one-time events.. Lack of detailed program expense breakdown in provided data makes it difficult to fully assess program efficiency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Aspira Inc Of New Jersey's strengths?
Positive indicators for Aspira Inc Of New Jersey include: Maintains positive net assets, indicating solvency.. Consistent reporting of financial data over several years.. No reported lobbying expenses, suggesting focus on direct mission activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Aspira Inc Of New Jersey compensate executives?
Executive compensation details are not explicitly provided in the summarized financial data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors are contributing to the consistent decline in revenue for Aspira Inc Of New Jersey, and what strategies are being implemented to reverse this trend?
The provided data shows a clear downward trend in revenue, from $2,371,639 in 2018 to $1,357,065 in 2023. Without further operational details, it's unclear if this is due to reduced grant funding, decreased donations, or changes in service contracts. Understanding the root causes is crucial for future sustainability.
Given the significant fluctuations in net assets, what are the primary drivers behind these changes, and how does the organization manage its financial reserves?
Net assets have seen considerable swings, for example, from $837,910 in 2018 to $2,495,829 in 2023, but also a drop from $1,270,455 in 2021 to $872,110 in 2022. These fluctuations could be due to large asset purchases, debt repayment, or significant one-time grants/losses. A clear policy on reserve management would provide more confidence.
Filing History
IRS 990 filing history for Aspira Inc Of New Jersey showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Aspira Inc Of New Jersey's revenue has declined by 27.7%, moving from $2.0M to $1.4M. Total assets increased by 226.9% over the same period, from $326K to $1.1M. Total functional expenses fell by 36.5%, from $2.0M to $1.3M. In its most recent filing year (2023), Aspira Inc Of New Jersey reported a surplus of $186K, with revenue exceeding expenses. The organization holds $38K in liabilities against $1.1M in assets (debt-to-asset ratio: 3.6%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.3M | $1.1M | $38K | — | View 990 |
| 2022 | $1.4M | $1.6M | $872K | $25K | — | View 990 |
| 2021 | $1.5M | $1.5M | $1.3M | $284K | — | View 990 |
| 2020 | $1.7M | $1.6M | $1.3M | $296K | — | View 990 |
| 2019 | $2.1M | $1.8M | $1.2M | $393K | — | View 990 |
| 2018 | $2.4M | $1.8M | $838K | $347K | — | View 990 |
| 2017 | $2.2M | $2.3M | $480K | $518K | — | View 990 |
| 2016 | $2.0M | $1.8M | $562K | $548K | — | View 990 |
| 2015 | $1.6M | $1.6M | $198K | $381K | — | View 990 |
| 2014 | $1.5M | $1.6M | $182K | $365K | — | View 990 |
| 2013 | $1.8M | $2.0M | $390K | $668K | — | View 990 |
| 2012 | $2.1M | $2.3M | $515K | $603K | — | View 990 |
| 2011 | $2.0M | $2.0M | $326K | $184K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.3M, and assets of $1.1M (revenue +2.6% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.6M, and assets of $872K (revenue -5.9% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $1.3M (revenue -10.8% year-over-year).
- 2020: Revenue of $1.7M, expenses of $1.6M, and assets of $1.3M (revenue -19.5% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.8M, and assets of $1.2M (revenue -11.7% year-over-year).
- 2018: Revenue of $2.4M, expenses of $1.8M, and assets of $838K (revenue +6.5% year-over-year).
- 2017: Revenue of $2.2M, expenses of $2.3M, and assets of $480K (revenue +14.1% year-over-year).
- 2016: Revenue of $2.0M, expenses of $1.8M, and assets of $562K (revenue +20.9% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.6M, and assets of $198K (revenue +5.8% year-over-year).
- 2014: Revenue of $1.5M, expenses of $1.6M, and assets of $182K (revenue -16.9% year-over-year).
- 2013: Revenue of $1.8M, expenses of $2.0M, and assets of $390K (revenue -11.2% year-over-year).
- 2012: Revenue of $2.1M, expenses of $2.3M, and assets of $515K (revenue +3.0% year-over-year).
- 2011: Revenue of $2.0M, expenses of $2.0M, and assets of $326K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Aspira Inc Of New Jersey:
Data Sources and Methodology
This transparency report for Aspira Inc 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.