B A C Associates Inc
B A C Associates Inc: Consistent Revenue, High Administrative Costs
EIN: 222228854 · Audubon, NJ · NTEE: X99 · Updated: 2026-04-04
About B A C Associates Inc
B A C Associates Inc (EIN: 222228854) is a nonprofit organization based in Audubon, NJ, classified under NTEE code X99. The organization reported total revenue of $758K and total assets of $255K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of B A C Associates Inc'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 B A C Associates 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, B A C Associates Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for executives.
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 B A C Associates Inc's IRS 990 filings:
- Administrative expenses are consistently high, e.g., $83,219 in 2023 and $84,729 in 2022, relative to total expenses.
- The organization's liabilities have fluctuated significantly, from $3,287 in 2021 to $83,219 in 2023, warranting further investigation.
Strengths
The following positive indicators were identified for B A C Associates Inc:
- Consistent revenue generation over several years, with revenue of $682,737 in 2023 and $603,936 in 2022.
- Positive net assets reported annually, indicating financial stability, e.g., $543,192 in 2023 and $539,794 in 2022.
Frequently Asked Questions about B A C Associates Inc
What does B A C Associates Inc do?
B A C Associates Inc is a nonprofit organization in the Religion-Related sector, located in Audubon, New Jersey. It is classified under NTEE code X99.
How much revenue does B A C Associates Inc have?
B A C Associates Inc reported total revenue of $758,098. Based on 11 IRS 990 filings on record.
What are B A C Associates Inc's total assets?
B A C Associates Inc holds total assets of $254,820 as reported in IRS 990 filings.
Where is B A C Associates Inc located?
B A C Associates Inc is based in Audubon, New Jersey.
What is B A C Associates Inc's EIN?
B A C Associates Inc's Employer Identification Number (EIN) is 222228854. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is B A C Associates Inc?
B A C Associates Inc is classified under NTEE code X99 (Religion-Related).
Is B A C Associates Inc a registered 501(c)(3)?
Yes, B A C Associates Inc is recognized as a tax-exempt organization by the IRS. EIN: 222228854.
Does B A C Associates Inc file IRS Form 990?
Yes, B A C Associates Inc has 11 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was B A C Associates Inc's revenue in 2023?
In the 202312 filing period, B A C Associates Inc reported total revenue of $682,737, total expenses of $648,128, and net assets of $543,192.
Is B A C Associates Inc's revenue growing or declining?
B A C Associates Inc's revenue is growing. Revenue went from $603,936 (202212) to $682,737 (202312), a +13.0% change. Based on 11 filings on record.
What is B A C Associates Inc's most recent 990 filing?
The most recent IRS Form 990 filing for B A C Associates Inc covers tax period 202312. It shows revenue of $682,737, expenses of $648,128, total assets of $543,192, and liabilities of $83,219.
How much does B A C Associates Inc spend on programs vs administration?
Based on IRS 990 analysis, B A C Associates Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is B A C Associates Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, B A C Associates Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for B A C Associates Inc?
The following concerns were identified: Administrative expenses are consistently high, e.g., $83,219 in 2023 and $84,729 in 2022, relative to total expenses.. The organization's liabilities have fluctuated significantly, from $3,287 in 2021 to $83,219 in 2023, warranting further investigation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are B A C Associates Inc's strengths?
Positive indicators for B A C Associates Inc include: Consistent revenue generation over several years, with revenue of $682,737 in 2023 and $603,936 in 2022.. Positive net assets reported annually, indicating financial stability, e.g., $543,192 in 2023 and $539,794 in 2022.. These findings are derived from AI analysis of the organization's financial filings.
How does B A C Associates Inc compensate executives?
Executive compensation cannot be assessed as the provided data does not include specific compensation figures for executives. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is B A C Associates Inc?
- Financial data is consistently reported across multiple years, indicating a structured approach to financial disclosure. - The organization's filings show a clear breakdown of revenue and expenses, aiding in basic financial analysis. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is driving the significant increase in liabilities from $3,287 in 2021 to $83,219 in 2023?
The provided data does not specify the nature of these liabilities, but this substantial increase warrants further inquiry into the organization's financial obligations and potential new debt or deferred expenses.
How does the organization justify its consistently high administrative expenses, which were $83,219 in 2023, in relation to its program delivery?
Without a detailed functional expense breakdown, it's unclear if these administrative costs are supporting efficient operations or if they could be reallocated to direct program activities to enhance impact.
Filing History
IRS 990 filing history for B A C Associates Inc showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2010–2023), B A C Associates Inc's revenue has grown by 17.9%, moving from $579K to $683K. Total assets decreased by 8% over the same period, from $590K to $543K. Total functional expenses rose by 9.8%, from $590K to $648K. In its most recent filing year (2023), B A C Associates Inc reported a surplus of $35K, with revenue exceeding expenses. The organization holds $83K in liabilities against $543K in assets (debt-to-asset ratio: 15.3%), resulting in net assets of $460K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $683K | $648K | $543K | $83K | — | — |
| 2022 | $604K | $568K | $540K | $85K | — | View 990 |
| 2021 | $544K | $532K | $482K | $3K | — | View 990 |
| 2019 | $511K | $508K | $263K | $155K | — | View 990 |
| 2018 | $542K | $517K | $319K | $105K | — | View 990 |
| 2016 | $535K | $499K | $350K | $74K | — | View 990 |
| 2014 | $543K | $530K | $217K | $114K | — | View 990 |
| 2013 | $569K | $567K | $300K | $144K | — | View 990 |
| 2012 | $533K | $570K | $433K | $226K | — | View 990 |
| 2011 | $550K | $607K | $507K | $265K | — | View 990 |
| 2010 | $579K | $590K | $590K | $298K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $683K, expenses of $648K, and assets of $543K (revenue +13.0% year-over-year).
- 2022: Revenue of $604K, expenses of $568K, and assets of $540K (revenue +11.0% year-over-year).
- 2021: Revenue of $544K, expenses of $532K, and assets of $482K (revenue +6.5% year-over-year).
- 2019: Revenue of $511K, expenses of $508K, and assets of $263K (revenue -5.7% year-over-year).
- 2018: Revenue of $542K, expenses of $517K, and assets of $319K (revenue +1.3% year-over-year).
- 2016: Revenue of $535K, expenses of $499K, and assets of $350K (revenue -1.5% year-over-year).
- 2014: Revenue of $543K, expenses of $530K, and assets of $217K (revenue -4.6% year-over-year).
- 2013: Revenue of $569K, expenses of $567K, and assets of $300K (revenue +6.8% year-over-year).
- 2012: Revenue of $533K, expenses of $570K, and assets of $433K (revenue -3.0% year-over-year).
- 2011: Revenue of $550K, expenses of $607K, and assets of $507K (revenue -5.1% year-over-year).
- 2010: Revenue of $579K, expenses of $590K, and assets of $590K.
Data Sources and Methodology
This transparency report for B A C Associates 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.