Camden County Workforce Development Board Inc
Camden County Workforce Development Board: Stable Finances, Consistent Program Focus
EIN: 223035909 · Cherry Hill, NJ · NTEE: S41Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $889K |
| Total Expenses | $781K |
| Program Spending | 85% |
| Net Assets | $1.6M |
| Transparency Score | 75/100 |
Is Camden County Workforce Development Board Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Camden County Workforce Development Board Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Camden County Workforce Development Board Inc
Camden County Workforce Development Board Inc (EIN: 223035909) is a nonprofit organization based in Cherry Hill, NJ, classified under NTEE code S41Z. The organization reported total revenue of $889K and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Camden County Workforce Development Board Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Camden County Workforce Development Board Inc is a small nonprofit that has been operating for 36 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $746K |
| Total Expenses | $781K |
| Surplus / Deficit | $-34,742 |
| Total Assets | $1.7M |
| Total Liabilities | $131K |
| Net Assets | $1.6M |
| Operating Margin | -4.7% |
| Debt-to-Asset Ratio | 7.7% |
| Months of Reserves | 26.1 months |
Financial Health Grade: B
In 2023, Camden County Workforce Development Board Inc reported a deficit of $35K with expenses exceeding revenue, holds 26.1 months of operating reserves (strong position), has a debt-to-asset ratio of 7.7% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Camden County Workforce Development Board Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -31.3% | +12.2% | +2.4% |
| 2022 | +28.0% | +5.4% | +33.7% |
| 2021 | -0.3% | -2.8% | +18.8% |
| 2020 | +5.4% | +8.4% | +16.2% |
| 2019 | +1.1% | +3.5% | +28.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1990 |
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 Camden County Workforce Development Board 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Camden County Workforce Development Board Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $35K, with expenses exceeding revenue.
- Debt-to-asset ratio: 7.7%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided filings, with 'c0%' consistently reported for compensation to officers, directors, trustees, and key employees, suggesting a volunteer board or compensation is covered under other expense categories.
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 Camden County Workforce Development Board Inc's IRS 990 filings:
- The consistent reporting of 0% compensation for key personnel across multiple years (e.g., 2023, 2022) may warrant further investigation to understand how leadership is compensated or if it's entirely volunteer-based.
Strengths
The following positive indicators were identified for Camden County Workforce Development Board Inc:
- The organization consistently allocates a high percentage of its expenses to programs, demonstrating a strong commitment to its mission.
- Assets have shown consistent growth over the past several years, from $508,904 in 2017 to $1,700,643 in 2023, indicating financial stability.
- Liabilities remain relatively low compared to assets, suggesting good financial health and limited debt burden.
Frequently Asked Questions about Camden County Workforce Development Board Inc
Is Camden County Workforce Development Board Inc a legitimate charity?
Camden County Workforce Development Board Inc (EIN: 223035909) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $889K. 1 red flag identified. 3 strengths noted. Financial health grade: B.
How does Camden County Workforce Development Board Inc spend its money?
Camden County Workforce Development Board Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Camden County Workforce Development Board Inc tax-deductible?
Camden County Workforce Development Board Inc is registered as a tax-exempt nonprofit (EIN: 223035909). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Camden County Workforce Development Board Inc's spending goes to programs?
Camden County Workforce Development Board Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Camden County Workforce Development Board Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Camden County Workforce Development Board Inc is above average for NTEE category S41Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Camden County Workforce Development Board Inc located?
Camden County Workforce Development Board Inc is headquartered in Cherry Hill, New Jersey and files with the IRS under EIN 223035909. It is classified under NTEE code S41Z.
How many years of IRS 990 filings does Camden County Workforce Development Board Inc have?
Camden County Workforce Development Board Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $889K in total revenue.
What does Camden County Workforce Development Board Inc do?
Camden County Workforce Development Board Inc is a nonprofit organization in the Community Improvement sector, located in Cherry Hill, New Jersey. It is classified under NTEE code S41Z.
How much revenue does Camden County Workforce Development Board Inc have?
Camden County Workforce Development Board Inc reported total revenue of $889,041. Based on 13 IRS 990 filings on record.
What are Camden County Workforce Development Board Inc's total assets?
Camden County Workforce Development Board Inc holds total assets of $1,665,356 as reported in IRS 990 filings.
Where is Camden County Workforce Development Board Inc located?
Camden County Workforce Development Board Inc is based in Cherry Hill, New Jersey.
What is Camden County Workforce Development Board Inc's EIN?
Camden County Workforce Development Board Inc's Employer Identification Number (EIN) is 223035909. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Camden County Workforce Development Board Inc?
Camden County Workforce Development Board Inc is classified under NTEE code S41Z (Community Improvement).
Is Camden County Workforce Development Board Inc a registered 501(c)(3)?
Yes, Camden County Workforce Development Board Inc is recognized as a tax-exempt organization by the IRS. EIN: 223035909.
Does Camden County Workforce Development Board Inc file IRS Form 990?
Yes, Camden County Workforce Development Board Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Camden County Workforce Development Board Inc's revenue in 2023?
In the 202306 filing period, Camden County Workforce Development Board Inc reported total revenue of $746,214, total expenses of $780,956, and net assets of $1,700,643.
Is Camden County Workforce Development Board Inc's revenue growing or declining?
Camden County Workforce Development Board Inc's revenue is declining. Revenue went from $1,086,013 (202206) to $746,214 (202306), a -31.3% change. Based on 13 filings on record.
What is Camden County Workforce Development Board Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Camden County Workforce Development Board Inc covers tax period 202306. It shows revenue of $746,214, expenses of $780,956, total assets of $1,700,643, and liabilities of $130,923.
How much does Camden County Workforce Development Board Inc spend on programs vs administration?
Based on IRS 990 analysis, Camden County Workforce Development Board Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Camden County Workforce Development Board Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Camden County Workforce Development Board Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Camden County Workforce Development Board Inc?
The following concerns were identified: The consistent reporting of 0% compensation for key personnel across multiple years (e.g., 2023, 2022) may warrant further investigation to understand how leadership is compensated or if it's entirely volunteer-based.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Camden County Workforce Development Board Inc's strengths?
Positive indicators for Camden County Workforce Development Board Inc include: The organization consistently allocates a high percentage of its expenses to programs, demonstrating a strong commitment to its mission.. Assets have shown consistent growth over the past several years, from $508,904 in 2017 to $1,700,643 in 2023, indicating financial stability.. Liabilities remain relatively low compared to assets, suggesting good financial health and limited debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does Camden County Workforce Development Board Inc compensate executives?
Executive compensation is not explicitly detailed in the provided filings, with 'c0%' consistently reported for compensation to officers, directors, trustees, and key employees, suggesting a volunteer board or compensation is covered under other expense categories. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization sustain its operations and leadership without reporting any compensation for officers, directors, trustees, or key employees?
The consistent reporting of 'c0%' for key personnel compensation across all provided years suggests that leadership may be entirely volunteer-based, or their compensation is categorized under other operational expenses, which would require deeper analysis of their detailed expense breakdowns.
What specific programs are supported by the consistently high program spending, and how are their impacts measured?
While the data indicates a high percentage of spending on programs (e.g., 85% in our estimate), the filings do not detail the specific workforce development programs or their outcomes. Further inquiry into their annual reports or program descriptions would be necessary to understand the impact of these expenditures.
Filing History
IRS 990 filing history for Camden County Workforce Development Board Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Camden County Workforce Development Board Inc's revenue has grown by 9.5%, moving from $682K to $746K. Total assets increased by 242.1% over the same period, from $497K to $1.7M. Total functional expenses rose by 19.1%, from $656K to $781K. In its most recent filing year (2023), Camden County Workforce Development Board Inc reported a deficit of $35K, with expenses exceeding revenue. The organization holds $131K in liabilities against $1.7M in assets (debt-to-asset ratio: 7.7%), resulting in net assets of $1.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $746K | $781K | $1.7M | $131K | — | — |
| 2022 | $1.1M | $696K | $1.7M | $57K | — | View 990 |
| 2021 | $849K | $661K | $1.2M | $28K | — | View 990 |
| 2020 | $851K | $680K | $1.0M | $19K | — | View 990 |
| 2019 | $807K | $627K | $900K | $45K | — | View 990 |
| 2018 | $798K | $606K | $703K | $422K | — | View 990 |
| 2017 | $573K | $598K | $509K | $421K | — | View 990 |
| 2016 | $531K | $560K | $531K | $418K | — | View 990 |
| 2015 | $565K | $610K | $555K | $413K | — | View 990 |
| 2014 | $627K | $657K | $600K | $414K | — | View 990 |
| 2013 | $950K | $861K | $635K | $419K | — | View 990 |
| 2012 | $854K | $768K | $550K | $423K | — | View 990 |
| 2011 | $682K | $656K | $497K | $457K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $746K, expenses of $781K, and assets of $1.7M (revenue -31.3% year-over-year).
- 2022: Revenue of $1.1M, expenses of $696K, and assets of $1.7M (revenue +28.0% year-over-year).
- 2021: Revenue of $849K, expenses of $661K, and assets of $1.2M (revenue -0.3% year-over-year).
- 2020: Revenue of $851K, expenses of $680K, and assets of $1.0M (revenue +5.4% year-over-year).
- 2019: Revenue of $807K, expenses of $627K, and assets of $900K (revenue +1.1% year-over-year).
- 2018: Revenue of $798K, expenses of $606K, and assets of $703K (revenue +39.2% year-over-year).
- 2017: Revenue of $573K, expenses of $598K, and assets of $509K (revenue +7.9% year-over-year).
- 2016: Revenue of $531K, expenses of $560K, and assets of $531K (revenue -6.0% year-over-year).
- 2015: Revenue of $565K, expenses of $610K, and assets of $555K (revenue -9.8% year-over-year).
- 2014: Revenue of $627K, expenses of $657K, and assets of $600K (revenue -34.0% year-over-year).
- 2013: Revenue of $950K, expenses of $861K, and assets of $635K (revenue +11.2% year-over-year).
- 2012: Revenue of $854K, expenses of $768K, and assets of $550K (revenue +25.3% year-over-year).
- 2011: Revenue of $682K, expenses of $656K, and assets of $497K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Camden County Workforce Development Board Inc:
Data Sources and Methodology
This transparency report for Camden County Workforce Development Board 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.