Clara Maass Foundation

Is Clara Maass Foundation Legit?

Some Concerns

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

Clara Maass Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Clara Maass Foundation

Clara Maass Foundation (EIN: 222132516) is a nonprofit organization based in Oceanport, NJ, classified under NTEE code E112. The organization reported total revenue of $2.4M and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Clara Maass Foundation'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 Clara Maass Foundation 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: 80%
• fundraising: 10%

According to IRS 990 filings, Clara Maass Foundation allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, which is unusual for an organization with revenues exceeding $2 million in recent years and suggests potential indirect compensation or reporting discrepancies.

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 Clara Maass Foundation's IRS 990 filings:

• Consistent reporting of 0% compensation for all key employees across multiple years raises questions about the true nature of executive compensation.
• Significant fluctuation in assets, from $5,121,831 in 2022 to $1,924,113 in 2023, requires further explanation.
• The organization's expenses ($5,309,755 in 2023) significantly exceeded its revenue ($3,047,845) in the most recent filing, indicating a substantial deficit.

Strengths

The following positive indicators were identified for Clara Maass Foundation:

• The foundation has demonstrated consistent revenue generation, generally above $2 million in recent years.
• The organization has maintained a presence for several years, indicating operational stability.

Frequently Asked Questions about Clara Maass Foundation

Filing History

IRS 990 filing history for Clara Maass Foundation showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Clara Maass Foundation's revenue has grown by 98%, moving from $1.5M to $3.0M. Total assets decreased by 36.5% over the same period, from $3.0M to $1.9M. Total functional expenses rose by 333.3%, from $1.2M to $5.3M. In its most recent filing year (2023), Clara Maass Foundation reported a deficit of $2.3M, with expenses exceeding revenue. The organization holds $265K in liabilities against $1.9M in assets (debt-to-asset ratio: 13.8%), resulting in net assets of $1.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.0M, expenses of $5.3M, and assets of $1.9M (revenue +40.2% year-over-year).
• 2022: Revenue of $2.2M, expenses of $2.1M, and assets of $5.1M (revenue -9.7% year-over-year).
• 2021: Revenue of $2.4M, expenses of $2.1M, and assets of $4.0M (revenue +9.2% year-over-year).
• 2020: Revenue of $2.2M, expenses of $2.2M, and assets of $4.5M (revenue +47.7% year-over-year).
• 2019: Revenue of $1.5M, expenses of $1.6M, and assets of $3.6M (revenue +32.7% year-over-year).
• 2018: Revenue of $1.1M, expenses of $834K, and assets of $3.7M (revenue -6.9% year-over-year).
• 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $3.6M (revenue +2.2% year-over-year).
• 2016: Revenue of $1.2M, expenses of $933K, and assets of $3.4M (revenue +16.7% year-over-year).
• 2015: Revenue of $1.0M, expenses of $1.3M, and assets of $3.3M (revenue -36.7% year-over-year).
• 2014: Revenue of $1.6M, expenses of $1.5M, and assets of $3.7M (revenue +12.7% year-over-year).
• 2013: Revenue of $1.4M, expenses of $1.5M, and assets of $3.6M (revenue -9.4% year-over-year).
• 2012: Revenue of $1.6M, expenses of $1.1M, and assets of $3.6M (revenue +1.7% year-over-year).
• 2011: Revenue of $1.5M, expenses of $1.2M, and assets of $3.0M.

Data Sources and Methodology

This transparency report for Clara Maass Foundation 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.