Best Practices Policy Project
Best Practices Policy Project maintains stable finances with no officer compensation and consistent revenue.
EIN: 203109188 · Morristown, NJ · NTEE: R020 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $194K |
| Total Expenses | $177K |
| Program Spending | 80% |
| Net Assets | $53K |
| Transparency Score | 85/100 |
Is Best Practices Policy Project Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Best Practices Policy Project directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Best Practices Policy Project
Best Practices Policy Project (EIN: 203109188) is a nonprofit organization based in Morristown, NJ, classified under NTEE code R020. The organization reported total revenue of $194K and total assets of $57K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Best Practices Policy Project's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Best Practices Policy Project is a small nonprofit that has been operating for 14 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $151K |
| Total Expenses | $177K |
| Surplus / Deficit | $-26,214 |
| Total Assets | $53K |
| Net Assets | $53K |
| Operating Margin | -17.4% |
| Months of Reserves | 3.6 months |
Financial Health Grade: B
In 2023, Best Practices Policy Project reported a deficit of $26K with expenses exceeding revenue, holds 3.6 months of operating reserves (adequate).
Financial Trends
Over 3 years of filings (2021–2023), Best Practices Policy Project's revenue has declined at a compound annual growth rate (CAGR) of -2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -0.6% | +45.3% | -31.9% |
| 2022 | -3.5% | -13.7% | +62.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2012 |
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 Best Practices Policy Project with a Mission Score of 85 out of 100 (Excellent). 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: 80%
- fundraising: 5%
According to IRS 990 filings, Best Practices Policy Project allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $26K, with expenses exceeding revenue.
Executive Compensation Analysis
The organization reports 0% officer compensation across all three available filing periods (2021-2023), indicating that no salaries were paid to officers, which is highly unusual for an organization of this size and suggests a volunteer-led or very lean operational model.
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 Best Practices Policy Project's IRS 990 filings:
- Recent operating deficit in 2023 ($150,954 revenue vs. $177,168 expenses) could indicate a need for closer expense management or increased revenue generation.
Strengths
The following positive indicators were identified for Best Practices Policy Project:
- Consistent IRS 990 filing history demonstrates transparency.
- Zero reported liabilities across all three filings indicates strong financial health and responsible debt management.
- 0% officer compensation reported for all periods suggests a high dedication of funds to programmatic work or a volunteer-driven leadership.
- Growth in assets from $47,666 in 2021 to $57,170 currently, despite some operational fluctuations.
Frequently Asked Questions about Best Practices Policy Project
Is Best Practices Policy Project a legitimate charity?
Based on AI analysis of IRS 990 filings, Best Practices Policy Project (EIN: 203109188) some concerns. Mission Score: 85/100. 1 red flag identified, 4 strengths noted.
How does Best Practices Policy Project spend its money?
Best Practices Policy Project directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Best Practices Policy Project tax-deductible?
Best Practices Policy Project is registered as a tax-exempt nonprofit (EIN: 203109188). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Best Practices Policy Project's spending goes to programs?
Best Practices Policy Project directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Best Practices Policy Project compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Best Practices Policy Project is above average for NTEE category R020 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Best Practices Policy Project located?
Best Practices Policy Project is headquartered in Morristown, New Jersey and files with the IRS under EIN 203109188. It is classified under NTEE code R020.
How many years of IRS 990 filings does Best Practices Policy Project have?
Best Practices Policy Project has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $194K in total revenue.
Is Best Practices Policy Project a good charity?
Based on the available data, Best Practices Policy Project appears to be a well-managed charity. It consistently files its IRS 990s, has no reported liabilities, and reports 0% officer compensation, suggesting a strong commitment to directing funds towards its mission rather than executive salaries. Its assets have also grown over time.
How does Best Practices Policy Project manage its expenses?
The organization's expenses have fluctuated, with a surplus in 2022 ($151,847 revenue vs. $121,936 expenses) and 2021 ($157,303 revenue vs. $141,242 expenses), but a deficit in 2023 ($150,954 revenue vs. $177,168 expenses). This indicates that while generally prudent, there was a period where expenses exceeded revenue, which warrants attention.
What is the financial trend of Best Practices Policy Project?
The organization shows a stable revenue stream around $150,000-$190,000 annually. Assets have increased from $47,666 in 2021 to $57,170 currently, and it consistently reports no liabilities. While there was a deficit in 2023, the overall trend suggests financial stability and growth in net assets.
Filing History
IRS 990 filing history for Best Practices Policy Project showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Best Practices Policy Project's revenue has declined by 4%, moving from $157K to $151K. Total assets increased by 10.9% over the same period, from $48K to $53K. Total functional expenses rose by 25.4%, from $141K to $177K. In its most recent filing year (2023), Best Practices Policy Project reported a deficit of $26K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $151K | $177K | $53K | $0 | — | — |
| 2022 | $152K | $122K | $78K | $0 | — | View 990 |
| 2021 | $157K | $141K | $48K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $151K, expenses of $177K, and assets of $53K (revenue -0.6% year-over-year).
- 2022: Revenue of $152K, expenses of $122K, and assets of $78K (revenue -3.5% year-over-year).
- 2021: Revenue of $157K, expenses of $141K, and assets of $48K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Best Practices Policy Project:
Data Sources and Methodology
This transparency report for Best Practices Policy Project 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.