Carteret Islamic Center Inc
Carteret Islamic Center Inc consistently grew assets and maintained low expenses, with no reported officer compensation.
EIN: 205828579 · Carteret, NJ · NTEE: X40 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $33K |
| Program Spending | 80% |
| Net Assets | $457K |
| Transparency Score | 85/100 |
Is Carteret Islamic Center Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Carteret Islamic Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Carteret Islamic Center Inc
Carteret Islamic Center Inc (EIN: 205828579) is a nonprofit organization based in Carteret, NJ, classified under NTEE code X40. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Carteret Islamic Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Carteret Islamic Center Inc is a small nonprofit that has been operating for 17 years, with 8 years of IRS 990 filings on record (2010–2017). Revenue has grown at a compound annual rate of 12.4%.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
| Total Revenue | $199K |
| Total Expenses | $33K |
| Surplus / Deficit | +$166K |
| Total Assets | $457K |
| Net Assets | $457K |
| Operating Margin | 83.3% |
| Months of Reserves | 165.1 months |
Financial Health Grade: A
In 2017, Carteret Islamic Center Inc reported a surplus of $166K with revenue exceeding expenses, holds 165.1 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2010–2017), Carteret Islamic Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2017 | +295.7% | -18.8% | +29.6% |
| 2016 | +41.6% | +108.6% | +2.8% |
| 2015 | +5.4% | +93.9% | +4.9% |
| 2014 | -35.0% | -54.8% | +7.8% |
| 2013 | -21.6% | -10.0% | +10.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Carteret Islamic Center Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Carteret Islamic Center Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2017)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $166K, with revenue exceeding expenses.
Executive Compensation Analysis
The organization reported 0% officer compensation across all available filings, indicating that its leadership is either volunteer-based or compensated through other means not classified as officer compensation, which is common for smaller, community-focused organizations.
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.
Strengths
The following positive indicators were identified for Carteret Islamic Center Inc:
- Consistent asset growth from $179,969 in 2010 to $457,179 in 2017.
- Zero reported liabilities across all filing periods.
- Low expenses relative to revenue, indicating efficient operations (e.g., 2017 expenses were 16.66% of revenue).
- No reported officer compensation, suggesting volunteer leadership or efficient use of funds.
- Consistent filing of IRS 990 forms, demonstrating regulatory compliance.
Frequently Asked Questions about Carteret Islamic Center Inc
Is Carteret Islamic Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Carteret Islamic Center Inc (EIN: 205828579) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Carteret Islamic Center Inc spend its money?
Carteret Islamic Center Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Carteret Islamic Center Inc tax-deductible?
Carteret Islamic Center Inc is registered as a tax-exempt nonprofit (EIN: 205828579). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Carteret Islamic Center Inc's spending goes to programs?
Carteret Islamic Center Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Carteret Islamic Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Carteret Islamic Center Inc is above average for NTEE category X40 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Carteret Islamic Center Inc located?
Carteret Islamic Center Inc is headquartered in Carteret, New Jersey and files with the IRS under EIN 205828579. It is classified under NTEE code X40.
How many years of IRS 990 filings does Carteret Islamic Center Inc have?
Carteret Islamic Center Inc has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is Carteret Islamic Center Inc financially stable?
Yes, the organization appears financially stable, consistently growing its assets from $179,969 in 2010 to $457,179 in 2017, and reporting zero liabilities across all periods.
How efficient is Carteret Islamic Center Inc's spending?
The organization demonstrates good spending efficiency, with expenses generally low relative to revenue. For example, in 2017, expenses were $33,221 against revenues of $199,386, indicating that a large portion of income is not consumed by operational costs.
Does Carteret Islamic Center Inc pay its officers?
Based on the available IRS 990 data, Carteret Islamic Center Inc reported 0% officer compensation for all periods from 2010 to 2017.
Filing History
IRS 990 filing history for Carteret Islamic Center Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2010–2017), Carteret Islamic Center Inc's revenue has grown by 126.3%, moving from $88K to $199K. Total assets increased by 154% over the same period, from $180K to $457K. Total functional expenses rose by 282.1%, from $9K to $33K. In its most recent filing year (2017), Carteret Islamic Center Inc reported a surplus of $166K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2017 | $199K | $33K | $457K | $0 | — | — |
| 2016 | $50K | $41K | $353K | $0 | — | — |
| 2015 | $36K | $20K | $343K | $0 | — | View 990 |
| 2014 | $34K | $10K | $327K | $0 | — | View 990 |
| 2013 | $52K | $22K | $304K | $0 | — | View 990 |
| 2012 | $66K | $25K | $274K | $0 | — | View 990 |
| 2011 | $64K | $12K | $233K | $0 | — | View 990 |
| 2010 | $88K | $9K | $180K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2017: Revenue of $199K, expenses of $33K, and assets of $457K (revenue +295.7% year-over-year).
- 2016: Revenue of $50K, expenses of $41K, and assets of $353K (revenue +41.6% year-over-year).
- 2015: Revenue of $36K, expenses of $20K, and assets of $343K (revenue +5.4% year-over-year).
- 2014: Revenue of $34K, expenses of $10K, and assets of $327K (revenue -35.0% year-over-year).
- 2013: Revenue of $52K, expenses of $22K, and assets of $304K (revenue -21.6% year-over-year).
- 2012: Revenue of $66K, expenses of $25K, and assets of $274K (revenue +3.1% year-over-year).
- 2011: Revenue of $64K, expenses of $12K, and assets of $233K (revenue -27.0% year-over-year).
- 2010: Revenue of $88K, expenses of $9K, and assets of $180K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Carteret Islamic Center Inc:
Data Sources and Methodology
This transparency report for Carteret Islamic Center 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.