Buddies Of New Jersey Inc
Buddies Of New Jersey Inc: Strong Program Spending, but Transparency Lacking on Specifics
EIN: 222767627 · Hackensack, NJ · NTEE: G81Z · Updated: 2026-04-04
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.
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.
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
What does Buddies Of New Jersey Inc do?
Buddies Of New Jersey Inc is a nonprofit organization in the Diseases, Disorders & Medical Disciplines sector, located in Hackensack, New Jersey. It is classified under NTEE code G81Z.
How much revenue does Buddies Of New Jersey Inc have?
Buddies Of New Jersey Inc reported total revenue of $5,112,503. Based on 13 IRS 990 filings on record.
What are Buddies Of New Jersey Inc's total assets?
Buddies Of New Jersey Inc holds total assets of $912,934 as reported in IRS 990 filings.
Where is Buddies Of New Jersey Inc located?
Buddies Of New Jersey Inc is based in Hackensack, New Jersey.
What is Buddies Of New Jersey Inc's EIN?
Buddies Of New Jersey Inc's Employer Identification Number (EIN) is 222767627. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Buddies Of New Jersey Inc?
Buddies Of New Jersey Inc is classified under NTEE code G81Z (Diseases, Disorders & Medical Disciplines).
Is Buddies Of New Jersey Inc a registered 501(c)(3)?
Yes, Buddies Of New Jersey Inc is recognized as a tax-exempt organization by the IRS. EIN: 222767627.
Does Buddies Of New Jersey Inc file IRS Form 990?
Yes, Buddies Of New Jersey Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Buddies Of New Jersey Inc's revenue in 2023?
In the 202306 filing period, Buddies Of New Jersey Inc reported total revenue of $5,580,268, total expenses of $5,630,953, and net assets of $1,437,810.
Is Buddies Of New Jersey Inc's revenue growing or declining?
Buddies Of New Jersey Inc's revenue is relatively stable. Revenue went from $5,328,935 (202206) to $5,580,268 (202306), a +4.7% change. Based on 13 filings on record.
What is Buddies Of New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Buddies Of New Jersey Inc covers tax period 202306. It shows revenue of $5,580,268, expenses of $5,630,953, total assets of $1,437,810, and liabilities of $645,723.
How much does Buddies Of New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Buddies Of New Jersey Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Buddies Of New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Buddies Of New Jersey Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 4 strengths noted.
What are the red flags for Buddies Of New Jersey Inc?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Buddies Of New Jersey Inc's strengths?
Positive indicators for Buddies Of New Jersey Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Buddies Of New Jersey Inc compensate executives?
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 disclosure of officer, director, and key employee pay.
How transparent is Buddies Of New Jersey Inc?
- Financial statements are available, but detailed program breakdowns are not easily accessible. - Specifics on how funds are allocated to different programs are not clearly itemized. - The organization's website lacks a dedicated transparency or impact report section. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the 'c0%' for compensation in the provided data, how does Buddies Of New Jersey Inc manage its leadership and operational staffing without reported compensation?
The 'c0%' likely indicates that compensation for key employees is not reported in the summarized data provided, or it could suggest a volunteer-led model for certain roles. Further investigation into detailed IRS Form 990 filings would be necessary to ascertain actual executive compensation and staffing structures.
With revenue growing from $1,358,965 in 2016 to $5,112,503 in 2023, what specific strategies has Buddies Of New Jersey Inc employed to achieve such significant financial expansion?
The provided data does not detail specific fundraising or growth strategies. However, such consistent revenue growth suggests successful donor engagement, effective program delivery that attracts funding, or expansion of services. A review of their annual reports or public communications would be needed for specifics.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.6M | $5.6M | $1.4M | $646K | — | View 990 |
| 2022 | $5.3M | $5.0M | $1.5M | $608K | — | View 990 |
| 2021 | $4.6M | $4.5M | $1.2M | $719K | — | — |
| 2020 | $4.0M | $4.3M | $1.0M | $698K | — | View 990 |
| 2019 | $3.5M | $3.7M | $990K | $484K | — | View 990 |
| 2018 | $2.4M | $2.4M | $991K | $281K | — | View 990 |
| 2017 | $1.8M | $1.7M | $936K | $249K | — | View 990 |
| 2016 | $1.4M | $1.5M | $769K | $133K | — | View 990 |
| 2015 | $1.3M | $1.5M | $969K | $180K | — | View 990 |
| 2014 | $1.3M | $1.0M | $1.2M | $172K | — | View 990 |
| 2013 | $1.1M | $1.0M | $867K | $139K | — | View 990 |
| 2012 | $1.2M | $1.1M | $789K | $123K | — | View 990 |
| 2011 | $901K | $1.1M | $676K | $121K | — | View 990 |
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.
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.