Chamber Of Commerce And Industry Of Northern New Jersey
Northern New Jersey Chamber of Commerce maintains stable operations with fluctuating assets and no reported officer compensation.
EIN: 220766160 · Rochelle Park, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Program Spending | 70% |
| Net Assets | $403K |
| Transparency Score | 75/100 |
Is Chamber Of Commerce And Industry Of Northern New Jersey Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Chamber Of Commerce And Industry Of Northern New Jersey directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Chamber Of Commerce And Industry Of Northern New Jersey
Chamber Of Commerce And Industry Of Northern New Jersey (EIN: 220766160) is a nonprofit organization based in Rochelle Park, NJ. The organization reported total revenue of $1.4M and total assets of $646K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Chamber Of Commerce And Industry Of Northern New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Chamber Of Commerce And Industry Of Northern New Jersey is a mid-size nonprofit that has been operating for 86 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-54,488 |
| Total Assets | $862K |
| Total Liabilities | $459K |
| Net Assets | $403K |
| Operating Margin | -3.8% |
| Debt-to-Asset Ratio | 53.3% |
| Months of Reserves | 6.9 months |
Financial Health Grade: C
In 2023, Chamber Of Commerce And Industry Of Northern New Jersey reported a deficit of $54K with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 53.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Chamber Of Commerce And Industry Of Northern New Jersey's revenue has grown at a compound annual growth rate (CAGR) of 5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -14.7% | -9.5% | +29.2% |
| 2022 | -7.5% | +6.6% | +23.2% |
| 2021 | +17.5% | -5.6% | +104.0% |
| 2020 | -28.2% | -27.3% | -38.3% |
| 2019 | -2.7% | +3.4% | -18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1940 |
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 Chamber Of Commerce And Industry Of Northern New Jersey 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, Chamber Of Commerce And Industry Of Northern New Jersey 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 $54K, with expenses exceeding revenue.
- Debt-to-asset ratio: 53.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no compensation was paid to officers, directors, trustees, or key employees, which is a strong positive for transparency and resource allocation.
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 Chamber Of Commerce And Industry Of Northern New Jersey's IRS 990 filings:
- Occasional operating deficits (e.g., 2023 expenses exceeded revenue by $54,488)
- Significant fluctuations in assets over the past decade, indicating potential instability at times (e.g., $809,687 in 2017 down to $265,509 in 2020)
Strengths
The following positive indicators were identified for Chamber Of Commerce And Industry Of Northern New Jersey:
- Consistent reporting of 0% officer compensation, indicating high transparency and efficient use of funds for leadership.
- Significant growth in assets in recent years, from $265,509 in 2020 to $861,693 in 2023, demonstrating improved financial health.
- Long history of IRS 990 filings (13 filings), indicating consistent compliance and transparency.
Frequently Asked Questions about Chamber Of Commerce And Industry Of Northern New Jersey
Is Chamber Of Commerce And Industry Of Northern New Jersey a legitimate charity?
Chamber Of Commerce And Industry Of Northern New Jersey (EIN: 220766160) 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: $1.4M. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Chamber Of Commerce And Industry Of Northern New Jersey spend its money?
Chamber Of Commerce And Industry Of Northern New Jersey directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Chamber Of Commerce And Industry Of Northern New Jersey tax-deductible?
Chamber Of Commerce And Industry Of Northern New Jersey is registered as a tax-exempt nonprofit (EIN: 220766160). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Chamber Of Commerce And Industry Of Northern New Jersey's spending goes to programs?
Chamber Of Commerce And Industry Of Northern New Jersey directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Chamber Of Commerce And Industry Of Northern New Jersey located?
Chamber Of Commerce And Industry Of Northern New Jersey is headquartered in Rochelle Park, New Jersey and files with the IRS under EIN 220766160.
How many years of IRS 990 filings does Chamber Of Commerce And Industry Of Northern New Jersey have?
Chamber Of Commerce And Industry Of Northern New Jersey 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 $1.4M in total revenue.
Is the Chamber Of Commerce And Industry Of Northern New Jersey financially stable?
The organization shows general financial stability, with revenues and expenses closely aligned over the past decade. While some years show slight deficits (e.g., 2023 with $1,447,306 revenue vs. $1,501,794 expenses), assets have grown significantly from $265,509 in 2020 to $861,693 in 2023, suggesting an improving financial position.
How does the organization manage executive compensation?
The organization reports 0% officer compensation in all available IRS 990 filings, indicating that no compensation was paid to officers, directors, trustees, or key employees. This is a highly transparent and efficient approach to executive pay.
What is the trend in the organization's assets?
Assets have shown significant fluctuation but a general upward trend in recent years. They decreased from $809,687 in 2017 to a low of $265,509 in 2020, but have since rebounded strongly to $861,693 in 2023, indicating improved financial health and reserves.
Filing History
IRS 990 filing history for Chamber Of Commerce And Industry Of Northern New Jersey showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Chamber Of Commerce And Industry Of Northern New Jersey's revenue has grown by 88.9%, moving from $766K to $1.4M. Total assets increased by 12.4% over the same period, from $767K to $862K. Total functional expenses rose by 84.3%, from $815K to $1.5M. In its most recent filing year (2023), Chamber Of Commerce And Industry Of Northern New Jersey reported a deficit of $54K, with expenses exceeding revenue. The organization holds $459K in liabilities against $862K in assets (debt-to-asset ratio: 53.3%), resulting in net assets of $403K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $1.5M | $862K | $459K | — | View 990 |
| 2022 | $1.7M | $1.7M | $667K | $210K | — | View 990 |
| 2021 | $1.8M | $1.6M | $542K | $122K | — | — |
| 2020 | $1.6M | $1.6M | $266K | $124K | — | — |
| 2019 | $2.2M | $2.3M | $431K | $201K | — | View 990 |
| 2018 | $2.2M | $2.2M | $525K | $201K | — | View 990 |
| 2017 | $1.3M | $1.4M | $810K | $524K | — | View 990 |
| 2016 | $1.4M | $1.3M | $836K | $534K | — | View 990 |
| 2015 | $1.7M | $1.7M | $774K | $537K | — | View 990 |
| 2014 | $988K | $998K | $709K | $495K | — | View 990 |
| 2013 | $845K | $911K | $682K | $380K | — | View 990 |
| 2012 | $870K | $892K | $726K | $261K | — | View 990 |
| 2011 | $766K | $815K | $767K | $257K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $1.5M, and assets of $862K (revenue -14.7% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.7M, and assets of $667K (revenue -7.5% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.6M, and assets of $542K (revenue +17.5% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.6M, and assets of $266K (revenue -28.2% year-over-year).
- 2019: Revenue of $2.2M, expenses of $2.3M, and assets of $431K (revenue -2.7% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.2M, and assets of $525K (revenue +66.1% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.4M, and assets of $810K (revenue -0.9% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.3M, and assets of $836K (revenue -19.5% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.7M, and assets of $774K (revenue +70.8% year-over-year).
- 2014: Revenue of $988K, expenses of $998K, and assets of $709K (revenue +16.9% year-over-year).
- 2013: Revenue of $845K, expenses of $911K, and assets of $682K (revenue -2.8% year-over-year).
- 2012: Revenue of $870K, expenses of $892K, and assets of $726K (revenue +13.5% year-over-year).
- 2011: Revenue of $766K, expenses of $815K, and assets of $767K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Chamber Of Commerce And Industry Of Northern New Jersey:
Data Sources and Methodology
This transparency report for Chamber Of Commerce And Industry Of Northern New Jersey 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.