Briteside Adult Day Centers Inc

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Briteside Adult Day Centers Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Briteside Adult Day Centers Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Briteside Adult Day Centers Inc in one place.

Is Briteside Adult Day Centers Inc Legit?

Significant Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Where the Money Comes From and Where It Goes

Across stored filings, Briteside Adult Day Centers Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Briteside Adult Day Centers Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Briteside Adult Day Centers Inc

Briteside Adult Day Centers Inc (EIN: 222113056) is a nonprofit organization based in Flemington, NJ. The organization reported total revenue of $182K and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Briteside Adult Day Centers Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Briteside Adult Day Centers Inc is a small nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -10.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Briteside Adult Day Centers Inc reported a deficit of $102K with expenses exceeding revenue, holds 59.3 months of operating reserves (strong position), has a debt-to-asset ratio of 3.0% (very low leverage).

Financial Trends

Over 13 years of filings (2011–2023), Briteside Adult Day Centers Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.4%.

IRS Tax-Exempt Classification

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 Briteside Adult Day Centers Inc with a Mission Score of 45 out of 100 (Fair). 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, Briteside Adult Day Centers Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $102K, with expenses exceeding revenue.
• Debt-to-asset ratio: 3.0%.

Executive Compensation Analysis

Executive compensation cannot be assessed as no specific compensation figures for executives are provided in the available data.

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 Briteside Adult Day Centers Inc's IRS 990 filings:

• Significant revenue volatility, including a negative revenue of -$54,501 in 2022, indicates unstable funding or reporting issues.
• The organization's net assets have shown a declining trend from $1,509,857 in 2021 to $1,263,372 in 2023, suggesting potential financial strain.
• The lack of detailed expense breakdowns (program, admin, fundraising) prevents a clear understanding of how funds are utilized.

Strengths

The following positive indicators were identified for Briteside Adult Day Centers Inc:

• The organization has consistently maintained assets over $1 million, indicating a substantial resource base.
• Despite revenue fluctuations, the organization has continued to operate for several years, suggesting resilience.

Frequently Asked Questions about Briteside Adult Day Centers Inc

Filing History

IRS 990 filing history for Briteside Adult Day Centers Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Briteside Adult Day Centers Inc's revenue has declined by 73.1%, moving from $543K to $146K. Total assets decreased by 3% over the same period, from $1.3M to $1.2M. Total functional expenses fell by 59%, from $605K to $248K. In its most recent filing year (2023), Briteside Adult Day Centers Inc reported a deficit of $102K, with expenses exceeding revenue. The organization holds $37K in liabilities against $1.2M in assets (debt-to-asset ratio: 3.0%), resulting in net assets of $1.2M.

Year-by-Year Financial Summary

• 2023: Revenue of $146K, expenses of $248K, and assets of $1.2M.
• 2022: Revenue of $-54,501, expenses of $71K, and assets of $1.3M (revenue -183.0% year-over-year).
• 2021: Revenue of $66K, expenses of $137K, and assets of $1.5M (revenue -91.1% year-over-year).
• 2020: Revenue of $736K, expenses of $318K, and assets of $1.5M (revenue +35.3% year-over-year).
• 2019: Revenue of $544K, expenses of $654K, and assets of $1.2M (revenue -15.2% year-over-year).
• 2018: Revenue of $642K, expenses of $648K, and assets of $1.2M (revenue +3.2% year-over-year).
• 2017: Revenue of $622K, expenses of $578K, and assets of $1.2M (revenue +17.0% year-over-year).
• 2016: Revenue of $532K, expenses of $627K, and assets of $1.1M (revenue -1.4% year-over-year).
• 2015: Revenue of $539K, expenses of $604K, and assets of $1.3M (revenue -10.7% year-over-year).
• 2014: Revenue of $604K, expenses of $678K, and assets of $1.5M (revenue +2.2% year-over-year).
• 2013: Revenue of $591K, expenses of $580K, and assets of $1.3M (revenue +14.0% year-over-year).
• 2012: Revenue of $518K, expenses of $601K, and assets of $1.2M (revenue -4.6% year-over-year).
• 2011: Revenue of $543K, expenses of $605K, and assets of $1.3M.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Briteside Adult Day Centers Inc:

Data Sources and Methodology

This transparency report for Briteside Adult Day Centers 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.