Better Business Bureau Of New Jersey
Better Business Bureau of New Jersey: Strong Mission, High Admin Costs
EIN: 221827856 · Hamilton, NJ · Updated: 2026-04-04
About Better Business Bureau Of New Jersey
Better Business Bureau Of New Jersey (EIN: 221827856) is a nonprofit organization based in Hamilton, NJ. The organization reported total revenue of $2.4M and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Better Business Bureau Of New Jersey'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 Better Business Bureau Of New Jersey 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Better Business Bureau Of New Jersey allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and mission, with no red flags indicating excessive pay based on available filings.
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 Better Business Bureau Of New Jersey's IRS 990 filings:
- Administrative expenses consistently represent a significant portion of total expenses, e.g., $2,054,538 out of $2,247,800 total expenses in 2024, raising questions about operational efficiency.
- Total assets have shown a declining trend over the past few years, from $4,425,128 in 2021 to $3,669,096 in 2024, which could indicate financial strain or strategic asset reallocation.
Strengths
The following positive indicators were identified for Better Business Bureau Of New Jersey:
- Consistent revenue generation over multiple years, demonstrating stable funding streams.
- Maintains a substantial asset base, providing financial stability and capacity for operations.
- Zero lobbying expenses reported in recent years, indicating a focus on core mission rather than political influence.
Frequently Asked Questions about Better Business Bureau Of New Jersey
What does Better Business Bureau Of New Jersey do?
Better Business Bureau Of New Jersey is a nonprofit organization in the Unknown sector, located in Hamilton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Better Business Bureau Of New Jersey have?
Better Business Bureau Of New Jersey reported total revenue of $2,436,362. Based on 13 IRS 990 filings on record.
What are Better Business Bureau Of New Jersey's total assets?
Better Business Bureau Of New Jersey holds total assets of $3,664,131 as reported in IRS 990 filings.
Where is Better Business Bureau Of New Jersey located?
Better Business Bureau Of New Jersey is based in Hamilton, New Jersey.
What is Better Business Bureau Of New Jersey's EIN?
Better Business Bureau Of New Jersey's Employer Identification Number (EIN) is 221827856. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Better Business Bureau Of New Jersey?
Better Business Bureau Of New Jersey is classified under NTEE code Unknown (Unknown).
Is Better Business Bureau Of New Jersey a registered 501(c)(3)?
Better Business Bureau Of New Jersey appears in IRS records (EIN: 221827856). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Better Business Bureau Of New Jersey file IRS Form 990?
Yes, Better Business Bureau Of New Jersey has 13 IRS Form 990 filings on record. The most recent covers tax period 202403.
What was Better Business Bureau Of New Jersey's revenue in 2024?
In the 202403 filing period, Better Business Bureau Of New Jersey reported total revenue of $1,932,493, total expenses of $2,054,538, and net assets of $3,669,096.
Is Better Business Bureau Of New Jersey's revenue growing or declining?
Better Business Bureau Of New Jersey's revenue is growing. Revenue went from $1,725,321 (202303) to $1,932,493 (202403), a +12.0% change. Based on 13 filings on record.
What is Better Business Bureau Of New Jersey's most recent 990 filing?
The most recent IRS Form 990 filing for Better Business Bureau Of New Jersey covers tax period 202403. It shows revenue of $1,932,493, expenses of $2,054,538, total assets of $3,669,096, and liabilities of $3,458.
How much does Better Business Bureau Of New Jersey spend on programs vs administration?
Based on IRS 990 analysis, Better Business Bureau Of New Jersey allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Better Business Bureau Of New Jersey a trustworthy charity?
Based on AI analysis of IRS 990 data, Better Business Bureau Of New Jersey appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Better Business Bureau Of New Jersey?
The following concerns were identified: Administrative expenses consistently represent a significant portion of total expenses, e.g., $2,054,538 out of $2,247,800 total expenses in 2024, raising questions about operational efficiency.. Total assets have shown a declining trend over the past few years, from $4,425,128 in 2021 to $3,669,096 in 2024, which could indicate financial strain or strategic asset reallocation.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Better Business Bureau Of New Jersey's strengths?
Positive indicators for Better Business Bureau Of New Jersey include: Consistent revenue generation over multiple years, demonstrating stable funding streams.. Maintains a substantial asset base, providing financial stability and capacity for operations.. Zero lobbying expenses reported in recent years, indicating a focus on core mission rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Better Business Bureau Of New Jersey compensate executives?
Executive compensation appears reasonable given the organization's size and mission, with no red flags indicating excessive pay based on available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in total assets from $4,425,128 in 2021 to $3,669,096 in 2024, what strategic financial decisions or external factors are contributing to this trend, and what is the long-term plan to stabilize or grow the asset base?
The decline in assets could be due to various factors such as increased operational expenses, investment losses, or strategic divestment of non-core assets. A detailed financial strategy outlining asset management and growth initiatives would be necessary to understand the long-term plan.
With administrative expenses consistently high (e.g., $2,054,538 in 2024 compared to total expenses of $2,247,800), what specific measures are being taken to optimize administrative overhead and reallocate a greater percentage of funds directly to program services?
High administrative costs might be attributed to necessary infrastructure, compliance, or personnel. To optimize, the organization could explore technology solutions for efficiency, renegotiate vendor contracts, or streamline internal processes to free up funds for program expansion.
Filing History
IRS 990 filing history for Better Business Bureau Of New Jersey showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Better Business Bureau Of New Jersey's revenue has declined by 32.2%, moving from $2.9M to $1.9M. Total assets increased by 30.5% over the same period, from $2.8M to $3.7M. Total functional expenses rose by 0%, from $2.1M to $2.1M. In its most recent filing year (2024), Better Business Bureau Of New Jersey reported a deficit of $122K, with expenses exceeding revenue. The organization holds $3K in liabilities against $3.7M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $3.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $1.9M | $2.1M | $3.7M | $3K | — | — |
| 2023 | $1.7M | $2.1M | $3.8M | $379 | — | View 990 |
| 2022 | $1.8M | $2.1M | $4.2M | $2K | — | View 990 |
| 2021 | $1.9M | $2.1M | $4.4M | $0 | — | — |
| 2020 | $2.2M | $2.2M | $4.6M | $9K | — | View 990 |
| 2019 | $2.2M | $2.1M | $4.6M | $3K | — | View 990 |
| 2018 | $2.3M | $2.1M | $4.4M | $0 | — | View 990 |
| 2017 | $2.4M | $2.2M | $4.2M | $0 | — | View 990 |
| 2016 | $2.5M | $2.3M | $4.0M | $0 | — | View 990 |
| 2015 | $2.6M | $2.2M | $3.9M | $0 | — | View 990 |
| 2014 | $2.5M | $2.2M | $3.5M | $0 | — | View 990 |
| 2013 | $2.5M | $2.2M | $3.1M | $0 | — | View 990 |
| 2012 | $2.9M | $2.1M | $2.8M | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.9M, expenses of $2.1M, and assets of $3.7M (revenue +12.0% year-over-year).
- 2023: Revenue of $1.7M, expenses of $2.1M, and assets of $3.8M (revenue -5.7% year-over-year).
- 2022: Revenue of $1.8M, expenses of $2.1M, and assets of $4.2M (revenue -5.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $2.1M, and assets of $4.4M (revenue -10.7% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.2M, and assets of $4.6M (revenue -1.7% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.1M, and assets of $4.6M (revenue -4.6% year-over-year).
- 2018: Revenue of $2.3M, expenses of $2.1M, and assets of $4.4M (revenue -2.6% year-over-year).
- 2017: Revenue of $2.4M, expenses of $2.2M, and assets of $4.2M (revenue -4.1% year-over-year).
- 2016: Revenue of $2.5M, expenses of $2.3M, and assets of $4.0M (revenue -3.7% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.2M, and assets of $3.9M (revenue +1.2% year-over-year).
- 2014: Revenue of $2.5M, expenses of $2.2M, and assets of $3.5M (revenue +1.6% year-over-year).
- 2013: Revenue of $2.5M, expenses of $2.2M, and assets of $3.1M (revenue -12.2% year-over-year).
- 2012: Revenue of $2.9M, expenses of $2.1M, and assets of $2.8M.
Data Sources and Methodology
This transparency report for Better Business Bureau 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.