Childrens Corner Of West Essex Inc

Is Childrens Corner Of West Essex Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Childrens Corner Of West Essex Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Childrens Corner Of West Essex Inc

Childrens Corner Of West Essex Inc (EIN: 204627805) is a nonprofit organization based in Roseland, NJ, classified under NTEE code B210. The organization reported total revenue of $718K and total assets of $25K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Childrens Corner Of West Essex 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 Childrens Corner Of West Essex Inc with a Mission Score of 70 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, Childrens Corner Of West Essex 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.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly favorable for directing funds to programs and demonstrates strong financial stewardship in this area.

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 Childrens Corner Of West Essex Inc's IRS 990 filings:

• Consistent operating deficits, with expenses exceeding revenue in multiple recent years (e.g., $24,140 deficit in 2023).
• Significant increase in liabilities to $217,462 in 2023, which is high compared to assets ($34,891).
• Low asset base ($34,891 in 2023) relative to annual expenses ($740,366), indicating limited financial reserves.

Strengths

The following positive indicators were identified for Childrens Corner Of West Essex Inc:

• Consistent reporting of 0% officer compensation, indicating efficient use of funds for administrative overhead.
• Steady growth in revenue over the past decade, from $352,608 in 2020 to $716,226 in 2023.
• Clear program focus as indicated by NTEE code B210 (Child Day Care).

Frequently Asked Questions about Childrens Corner Of West Essex Inc

Filing History

IRS 990 filing history for Childrens Corner Of West Essex Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2011–2023), Childrens Corner Of West Essex Inc's revenue has grown by 98.4%, moving from $361K to $716K. Total assets decreased by 11.5% over the same period, from $39K to $35K. Total functional expenses rose by 105.8%, from $360K to $740K. In its most recent filing year (2023), Childrens Corner Of West Essex Inc reported a deficit of $24K, with expenses exceeding revenue. The organization holds $217K in liabilities against $35K in assets (debt-to-asset ratio: 623.3%), resulting in net assets of $-182,571.

Year-by-Year Financial Summary

• 2023: Revenue of $716K, expenses of $740K, and assets of $35K (revenue +5.6% year-over-year).
• 2022: Revenue of $678K, expenses of $701K, and assets of $44K (revenue +17.4% year-over-year).
• 2021: Revenue of $578K, expenses of $606K, and assets of $69K (revenue +63.9% year-over-year).
• 2020: Revenue of $353K, expenses of $566K, and assets of $23K (revenue -32.3% year-over-year).
• 2018: Revenue of $521K, expenses of $514K, and assets of $32K (revenue +11.3% year-over-year).
• 2017: Revenue of $468K, expenses of $451K, and assets of $26K (revenue +16.9% year-over-year).
• 2016: Revenue of $400K, expenses of $405K, and assets of $55K (revenue -14.5% year-over-year).
• 2015: Revenue of $467K, expenses of $471K, and assets of $71K (revenue -2.9% year-over-year).
• 2014: Revenue of $481K, expenses of $477K, and assets of $68K (revenue +7.3% year-over-year).
• 2013: Revenue of $448K, expenses of $446K, and assets of $43K (revenue +12.4% year-over-year).
• 2012: Revenue of $399K, expenses of $391K, and assets of $40K (revenue +10.5% year-over-year).
• 2011: Revenue of $361K, expenses of $360K, and assets of $39K.

Data Sources and Methodology

This transparency report for Childrens Corner Of West Essex 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.