Casino Association Of New Jersey Inc
Casino Association of New Jersey: Stable Revenue, Fluctuating Assets
EIN: 222229642 · Absecon, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $785K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $38K |
| Transparency Score | 75/100 |
Is Casino Association Of New Jersey Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Casino Association Of New Jersey Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Casino Association Of New Jersey Inc
Casino Association Of New Jersey Inc (EIN: 222229642) is a nonprofit organization based in Absecon, NJ. The organization reported total revenue of $1.3M and total assets of $295K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Casino Association Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Casino Association Of New Jersey Inc is a mid-size nonprofit that has been operating for 47 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $780K |
| Total Expenses | $785K |
| Surplus / Deficit | $-5,010 |
| Total Assets | $163K |
| Total Liabilities | $125K |
| Net Assets | $38K |
| Operating Margin | -0.6% |
| Debt-to-Asset Ratio | 76.6% |
| Months of Reserves | 2.5 months |
Financial Health Grade: D
In 2023, Casino Association Of New Jersey Inc reported a deficit of $5K with expenses exceeding revenue, holds 2.5 months of operating reserves (limited), has a debt-to-asset ratio of 76.6% (high leverage).
Financial Trends
Over 14 years of filings (2011–2023), Casino Association Of New Jersey Inc's revenue has declined at a compound annual growth rate (CAGR) of -5.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.2% | +14.1% | -38.0% |
| 2022 | +6.1% | -8.7% | +249.0% |
| 2021 | -13.1% | -0.2% | -68.2% |
| 2020 | +6.0% | +8.1% | +60.6% |
| 2019 | +0.6% | -8.7% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
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 Casino Association 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Casino Association Of New Jersey Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 $5K, with expenses exceeding revenue.
- Debt-to-asset ratio: 76.6%.
Executive Compensation Analysis
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available years, which is unusual for an organization with its revenue and expense levels and warrants further investigation.
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 Casino Association Of New Jersey Inc's IRS 990 filings:
- Consistent reporting of $0 executive compensation despite significant revenue and expenses.
- Fluctuating asset levels without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Casino Association Of New Jersey Inc:
- Stable revenue stream over multiple years.
- Consistent positive net assets.
Frequently Asked Questions about Casino Association Of New Jersey Inc
Is Casino Association Of New Jersey Inc a legitimate charity?
Casino Association Of New Jersey Inc (EIN: 222229642) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.3M. 2 red flags identified. 2 strengths noted. Financial health grade: D.
How does Casino Association Of New Jersey Inc spend its money?
Casino Association Of New Jersey Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Casino Association Of New Jersey Inc tax-deductible?
Casino Association Of New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 222229642). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Casino Association Of New Jersey Inc CEO make?
Casino Association Of New Jersey Inc's highest-compensated officer earns $0 annually. The organization reported $1.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Casino Association Of New Jersey Inc's spending goes to programs?
Casino Association Of New Jersey Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Casino Association Of New Jersey Inc located?
Casino Association Of New Jersey Inc is headquartered in Absecon, New Jersey and files with the IRS under EIN 222229642.
How many years of IRS 990 filings does Casino Association Of New Jersey Inc have?
Casino Association Of New Jersey Inc has 14 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 $1.3M in total revenue.
What does Casino Association Of New Jersey Inc do?
Casino Association Of New Jersey Inc is a nonprofit organization in the Unknown sector, located in Absecon, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Casino Association Of New Jersey Inc have?
Casino Association Of New Jersey Inc reported total revenue of $1,277,742. Based on 14 IRS 990 filings on record.
What are Casino Association Of New Jersey Inc's total assets?
Casino Association Of New Jersey Inc holds total assets of $294,675 as reported in IRS 990 filings.
Where is Casino Association Of New Jersey Inc located?
Casino Association Of New Jersey Inc is based in Absecon, New Jersey.
What is Casino Association Of New Jersey Inc's EIN?
Casino Association Of New Jersey Inc's Employer Identification Number (EIN) is 222229642. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Casino Association Of New Jersey Inc?
Casino Association Of New Jersey Inc is classified under NTEE code Unknown (Unknown).
Is Casino Association Of New Jersey Inc a registered 501(c)(3)?
Casino Association Of New Jersey Inc appears in IRS records (EIN: 222229642). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Casino Association Of New Jersey Inc file IRS Form 990?
Yes, Casino Association Of New Jersey Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Casino Association Of New Jersey Inc's revenue in 2023?
In the 202312 filing period, Casino Association Of New Jersey Inc reported total revenue of $779,780, total expenses of $784,790, and net assets of $163,365.
Is Casino Association Of New Jersey Inc's revenue growing or declining?
Casino Association Of New Jersey Inc's revenue is growing. Revenue went from $720,800 (202212) to $779,780 (202312), a +8.2% change. Based on 14 filings on record.
What is Casino Association Of New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Casino Association Of New Jersey Inc covers tax period 202312. It shows revenue of $779,780, expenses of $784,790, total assets of $163,365, and liabilities of $125,177.
How much does Casino Association Of New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Casino Association Of New Jersey Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Casino Association Of New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Casino Association Of New Jersey Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Casino Association Of New Jersey Inc?
The following concerns were identified: Consistent reporting of $0 executive compensation despite significant revenue and expenses.. Fluctuating asset levels without clear explanation in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Casino Association Of New Jersey Inc's strengths?
Positive indicators for Casino Association Of New Jersey Inc include: Stable revenue stream over multiple years.. Consistent positive net assets.. These findings are derived from AI analysis of the organization's financial filings.
How does Casino Association Of New Jersey Inc compensate executives?
The organization consistently reports $0 in compensation for officers, directors, trustees, and key employees across all available years, which is unusual for an organization with its revenue and expense levels and warrants further investigation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Casino Association Of New Jersey Inc?
- Financial statements are publicly available through IRS filings. - The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which requires further clarification given the revenue and expenses. - Detailed program service accomplishments are not readily apparent from the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent $0 reported for executive compensation, how does the organization manage its leadership and operational oversight?
The provided data indicates that the Casino Association Of New Jersey Inc. consistently reports $0 for compensation to officers, directors, trustees, and key employees. This suggests that leadership may be entirely volunteer-based or compensated through other means not captured in this specific line item, which would require reviewing full Form 990 filings for details on other salaries and wages.
What factors contribute to the significant fluctuations in total assets, such as the drop from $263,523 in 2022 to $163,365 in 2023?
The total assets of the organization have shown considerable fluctuation, for example, decreasing by approximately $100,000 from 2022 to 2023. Without more detailed financial statements, it's difficult to pinpoint the exact causes, but potential factors could include significant capital expenditures, investment losses, or changes in cash reserves.
Filing History
IRS 990 filing history for Casino Association Of New Jersey Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), Casino Association Of New Jersey Inc's revenue has declined by 50.7%, moving from $1.6M to $780K. Total assets decreased by 69.3% over the same period, from $532K to $163K. Total functional expenses fell by 62%, from $2.1M to $785K. In its most recent filing year (2023), Casino Association Of New Jersey Inc reported a deficit of $5K, with expenses exceeding revenue. The organization holds $125K in liabilities against $163K in assets (debt-to-asset ratio: 76.6%), resulting in net assets of $38K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $780K | $785K | $163K | $125K | — | View 990 |
| 2022 | $721K | $688K | $264K | $220K | — | View 990 |
| 2021 | $680K | $753K | $76K | $65K | — | View 990 |
| 2020 | $782K | $755K | $238K | $154K | — | — |
| 2019 | $738K | $698K | $148K | $91K | — | View 990 |
| 2018 | $734K | $765K | $148K | $131K | — | View 990 |
| 2017 | $716K | $714K | $56K | $8K | — | View 990 |
| 2016 | $734K | $718K | $52K | $6K | — | View 990 |
| 2015 | $633K | $784K | $56K | $26K | — | View 990 |
| 2014 | $870K | $831K | $222K | $40K | — | View 990 |
| 2013 | $676K | $806K | $164K | $21K | — | View 990 |
| 2012 | $478K | $364K | $318K | $46K | — | View 990 |
| 2012 | $1.7M | $1.6M | $232K | $73K | — | View 990 |
| 2011 | $1.6M | $2.1M | $532K | $523K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $780K, expenses of $785K, and assets of $163K (revenue +8.2% year-over-year).
- 2022: Revenue of $721K, expenses of $688K, and assets of $264K (revenue +6.1% year-over-year).
- 2021: Revenue of $680K, expenses of $753K, and assets of $76K (revenue -13.1% year-over-year).
- 2020: Revenue of $782K, expenses of $755K, and assets of $238K (revenue +6.0% year-over-year).
- 2019: Revenue of $738K, expenses of $698K, and assets of $148K (revenue +0.6% year-over-year).
- 2018: Revenue of $734K, expenses of $765K, and assets of $148K (revenue +2.4% year-over-year).
- 2017: Revenue of $716K, expenses of $714K, and assets of $56K (revenue -2.4% year-over-year).
- 2016: Revenue of $734K, expenses of $718K, and assets of $52K (revenue +16.0% year-over-year).
- 2015: Revenue of $633K, expenses of $784K, and assets of $56K (revenue -27.3% year-over-year).
- 2014: Revenue of $870K, expenses of $831K, and assets of $222K (revenue +28.6% year-over-year).
- 2013: Revenue of $676K, expenses of $806K, and assets of $164K (revenue +41.6% year-over-year).
- 2012: Revenue of $478K, expenses of $364K, and assets of $318K (revenue -72.5% year-over-year).
- 2012: Revenue of $1.7M, expenses of $1.6M, and assets of $232K (revenue +10.0% year-over-year).
- 2011: Revenue of $1.6M, expenses of $2.1M, and assets of $532K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Casino Association Of New Jersey Inc:
Data Sources and Methodology
This transparency report for Casino Association 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.