Buddies Of New Jersey Inc

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Buddies Of New Jersey Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Buddies Of New Jersey 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 Buddies Of New Jersey Inc in one place.

Is Buddies Of New Jersey Inc Legit?

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

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Request a concise report for Buddies Of New Jersey Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Buddies Of New Jersey Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Buddies Of New Jersey Inc

Buddies Of New Jersey Inc (EIN: 222767627) is a nonprofit organization based in Hackensack, NJ, classified under NTEE code G81Z. The organization reported total revenue of $5.1M and total assets of $913K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Buddies Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Buddies Of New Jersey Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 16.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Buddies Of New Jersey Inc reported a deficit of $51K with expenses exceeding revenue, holds 3.1 months of operating reserves (adequate), has a debt-to-asset ratio of 44.9% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Buddies Of New Jersey Inc's revenue has grown at a compound annual growth rate (CAGR) of 16.4%.

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 Buddies Of New Jersey Inc with a Mission Score of 75 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: 5%
• programs: 90%
• fundraising: 5%

According to IRS 990 filings, Buddies Of New Jersey Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $51K, with expenses exceeding revenue.
• Debt-to-asset ratio: 44.9%.

Executive Compensation Analysis

Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further filings. However, the 'c0%' in the financial data suggests no reported compensation for key employees in the provided snapshots.

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 Buddies Of New Jersey Inc's IRS 990 filings:

• Lack of detailed program spending breakdown beyond general categories.
• Absence of a clear impact report or detailed program outcomes on their public platforms.
• Limited information on specific executive compensation figures in the provided data.

Strengths

The following positive indicators were identified for Buddies Of New Jersey Inc:

• Consistently high percentage of expenses allocated to programs (around 90%).
• Positive trend in revenue growth over the years, indicating increasing support.
• Healthy asset base relative to liabilities, suggesting financial stability.
• Low administrative and fundraising costs, maximizing direct impact.

Frequently Asked Questions about Buddies Of New Jersey Inc

Filing History

IRS 990 filing history for Buddies Of New Jersey Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Buddies Of New Jersey Inc's revenue has grown by 519.6%, moving from $901K to $5.6M. Total assets increased by 112.7% over the same period, from $676K to $1.4M. Total functional expenses rose by 405.3%, from $1.1M to $5.6M. In its most recent filing year (2023), Buddies Of New Jersey Inc reported a deficit of $51K, with expenses exceeding revenue. The organization holds $646K in liabilities against $1.4M in assets (debt-to-asset ratio: 44.9%), resulting in net assets of $792K.

Year-by-Year Financial Summary

• 2023: Revenue of $5.6M, expenses of $5.6M, and assets of $1.4M (revenue +4.7% year-over-year).
• 2022: Revenue of $5.3M, expenses of $5.0M, and assets of $1.5M (revenue +14.8% year-over-year).
• 2021: Revenue of $4.6M, expenses of $4.5M, and assets of $1.2M (revenue +15.5% year-over-year).
• 2020: Revenue of $4.0M, expenses of $4.3M, and assets of $1.0M (revenue +15.3% year-over-year).
• 2019: Revenue of $3.5M, expenses of $3.7M, and assets of $990K (revenue +45.0% year-over-year).
• 2018: Revenue of $2.4M, expenses of $2.4M, and assets of $991K (revenue +33.5% year-over-year).
• 2017: Revenue of $1.8M, expenses of $1.7M, and assets of $936K (revenue +32.5% year-over-year).
• 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $769K (revenue +8.1% year-over-year).
• 2015: Revenue of $1.3M, expenses of $1.5M, and assets of $969K (revenue -2.1% year-over-year).
• 2014: Revenue of $1.3M, expenses of $1.0M, and assets of $1.2M (revenue +15.5% year-over-year).
• 2013: Revenue of $1.1M, expenses of $1.0M, and assets of $867K (revenue -4.3% year-over-year).
• 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $789K (revenue +28.9% year-over-year).
• 2011: Revenue of $901K, expenses of $1.1M, and assets of $676K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Buddies Of New Jersey Inc:

Data Sources and Methodology

This transparency report for Buddies Of New Jersey 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.