Community Food Bank Of New Jersey Inc
Community Food Bank of New Jersey: Strong Financials, High Program Spending
EIN: 222423882 · Hillside, NJ · NTEE: K31Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $234.7M |
| Total Expenses | $182.3M |
| Program Spending | 88% |
| Net Assets | $95.6M |
| Transparency Score | 92/100 |
Is Community Food Bank Of New Jersey Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Community Food Bank Of New Jersey Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Community Food Bank Of New Jersey Inc
Community Food Bank Of New Jersey Inc (EIN: 222423882) is a nonprofit organization based in Hillside, NJ, classified under NTEE code K31Z. The organization reported total revenue of $234.7M and total assets of $125.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Community Food Bank Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Community Food Bank Of New Jersey Inc is a major nonprofit that has been operating for 41 years, with 9 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $192.1M |
| Total Expenses | $182.3M |
| Surplus / Deficit | +$9.8M |
| Total Assets | $111.4M |
| Total Liabilities | $15.9M |
| Net Assets | $95.6M |
| Operating Margin | 5.1% |
| Debt-to-Asset Ratio | 14.2% |
| Months of Reserves | 7.3 months |
Financial Health Grade: A
In 2023, Community Food Bank Of New Jersey Inc reported a surplus of $9.8M with revenue exceeding expenses, holds 7.3 months of operating reserves (strong position), has a debt-to-asset ratio of 14.2% (very low leverage).
Financial Trends
Over 9 years of filings (2011–2023), Community Food Bank Of New Jersey Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +14.9% | +7.7% | +17.4% |
| 2022 | -21.1% | -9.5% | -9.0% |
| 2021 | +24.3% | +30.0% | +55.0% |
| 2020 | +59.0% | +44.2% | +75.5% |
| 2019 | +20.0% | +11.5% | +28.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1985 |
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 Community Food Bank Of New Jersey Inc with a Mission Score of 92 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Community Food Bank Of New Jersey Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $9.8M, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.2%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific salary data from filings, as the provided data does not include this information.
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 Community Food Bank Of New Jersey Inc:
- Consistently high program spending, averaging 88% of total expenses over the last five years, demonstrates a strong commitment to its mission.
- Significant growth in revenue and assets over the past five years, indicating strong fundraising and financial health.
- Maintained a healthy liquidity ratio, with current assets consistently exceeding current liabilities.
Frequently Asked Questions about Community Food Bank Of New Jersey Inc
Is Community Food Bank Of New Jersey Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Community Food Bank Of New Jersey Inc (EIN: 222423882) appears legitimate. Mission Score: 92/100. 0 red flags identified, 3 strengths noted.
How does Community Food Bank Of New Jersey Inc spend its money?
Community Food Bank Of New Jersey Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Community Food Bank Of New Jersey Inc tax-deductible?
Community Food Bank Of New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 222423882). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Community Food Bank Of New Jersey Inc's spending goes to programs?
Community Food Bank Of New Jersey Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Community Food Bank Of New Jersey Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Community Food Bank Of New Jersey Inc is above average for NTEE category K31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Community Food Bank Of New Jersey Inc located?
Community Food Bank Of New Jersey Inc is headquartered in Hillside, New Jersey and files with the IRS under EIN 222423882. It is classified under NTEE code K31Z.
How many years of IRS 990 filings does Community Food Bank Of New Jersey Inc have?
Community Food Bank Of New Jersey Inc has 9 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 $234.7M in total revenue.
What does Community Food Bank Of New Jersey Inc do?
Community Food Bank Of New Jersey Inc is a nonprofit organization in the Food, Agriculture & Nutrition sector, located in Hillside, New Jersey. It is classified under NTEE code K31Z.
How much revenue does Community Food Bank Of New Jersey Inc have?
Community Food Bank Of New Jersey Inc reported total revenue of $234,675,642. Based on 9 IRS 990 filings on record.
What are Community Food Bank Of New Jersey Inc's total assets?
Community Food Bank Of New Jersey Inc holds total assets of $125,218,242 as reported in IRS 990 filings.
Where is Community Food Bank Of New Jersey Inc located?
Community Food Bank Of New Jersey Inc is based in Hillside, New Jersey.
What is Community Food Bank Of New Jersey Inc's EIN?
Community Food Bank Of New Jersey Inc's Employer Identification Number (EIN) is 222423882. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Community Food Bank Of New Jersey Inc?
Community Food Bank Of New Jersey Inc is classified under NTEE code K31Z (Food, Agriculture & Nutrition).
Is Community Food Bank Of New Jersey Inc a registered 501(c)(3)?
Yes, Community Food Bank Of New Jersey Inc is recognized as a tax-exempt organization by the IRS. EIN: 222423882.
Does Community Food Bank Of New Jersey Inc file IRS Form 990?
Yes, Community Food Bank Of New Jersey Inc has 9 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Community Food Bank Of New Jersey Inc's revenue in 2023?
In the 202306 filing period, Community Food Bank Of New Jersey Inc reported total revenue of $192,108,891, total expenses of $182,292,665, and net assets of $111,449,457.
Is Community Food Bank Of New Jersey Inc's revenue growing or declining?
Community Food Bank Of New Jersey Inc's revenue is growing. Revenue went from $167,266,747 (202206) to $192,108,891 (202306), a +14.9% change. Based on 9 filings on record.
What is Community Food Bank Of New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Community Food Bank Of New Jersey Inc covers tax period 202306. It shows revenue of $192,108,891, expenses of $182,292,665, total assets of $111,449,457, and liabilities of $15,876,667.
How much does Community Food Bank Of New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Community Food Bank Of New Jersey Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Community Food Bank Of New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Community Food Bank Of New Jersey Inc appears trustworthy. Mission Score: 92/100 (Excellent). No red flags identified. 3 strengths noted.
What are Community Food Bank Of New Jersey Inc's strengths?
Positive indicators for Community Food Bank Of New Jersey Inc include: Consistently high program spending, averaging 88% of total expenses over the last five years, demonstrates a strong commitment to its mission.. Significant growth in revenue and assets over the past five years, indicating strong fundraising and financial health.. Maintained a healthy liquidity ratio, with current assets consistently exceeding current liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does Community Food Bank Of New Jersey Inc compensate executives?
Executive compensation cannot be assessed without specific salary data from filings, as the provided data does not include this information. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to significantly increase its revenue and assets while maintaining a high percentage of program spending?
The organization has demonstrated effective fundraising strategies, as evidenced by the substantial increase in revenue from $107.2M in 2019 to $192.1M in 2023, alongside a growth in assets from $38.3M to $111.4M in the same period. This growth, coupled with an average of 88% program spending, suggests efficient operational management and successful donor engagement.
Filing History
IRS 990 filing history for Community Food Bank Of New Jersey Inc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2011–2023), Community Food Bank Of New Jersey Inc's revenue has grown by 99.8%, moving from $96.1M to $192.1M. Total assets increased by 220.6% over the same period, from $34.8M to $111.4M. Total functional expenses rose by 122.2%, from $82.0M to $182.3M. In its most recent filing year (2023), Community Food Bank Of New Jersey Inc reported a surplus of $9.8M, with revenue exceeding expenses. The organization holds $15.9M in liabilities against $111.4M in assets (debt-to-asset ratio: 14.2%), resulting in net assets of $95.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $192.1M | $182.3M | $111.4M | $15.9M | — | View 990 |
| 2022 | $167.3M | $169.3M | $94.9M | $10.5M | — | View 990 |
| 2021 | $212.0M | $187.1M | $104.3M | $9.2M | — | View 990 |
| 2020 | $170.6M | $144.0M | $67.3M | $5.4M | — | View 990 |
| 2019 | $107.3M | $99.9M | $38.4M | $3.8M | — | View 990 |
| 2018 | $89.4M | $89.6M | $29.9M | $3.6M | — | View 990 |
| 2014 | $100.8M | $100.3M | $36.7M | $3.2M | — | View 990 |
| 2012 | $88.6M | $88.3M | $34.9M | $2.4M | — | View 990 |
| 2011 | $96.1M | $82.0M | $34.8M | $2.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $192.1M, expenses of $182.3M, and assets of $111.4M (revenue +14.9% year-over-year).
- 2022: Revenue of $167.3M, expenses of $169.3M, and assets of $94.9M (revenue -21.1% year-over-year).
- 2021: Revenue of $212.0M, expenses of $187.1M, and assets of $104.3M (revenue +24.3% year-over-year).
- 2020: Revenue of $170.6M, expenses of $144.0M, and assets of $67.3M (revenue +59.0% year-over-year).
- 2019: Revenue of $107.3M, expenses of $99.9M, and assets of $38.4M (revenue +20.0% year-over-year).
- 2018: Revenue of $89.4M, expenses of $89.6M, and assets of $29.9M (revenue -11.3% year-over-year).
- 2014: Revenue of $100.8M, expenses of $100.3M, and assets of $36.7M (revenue +13.7% year-over-year).
- 2012: Revenue of $88.6M, expenses of $88.3M, and assets of $34.9M (revenue -7.8% year-over-year).
- 2011: Revenue of $96.1M, expenses of $82.0M, and assets of $34.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Community Food Bank Of New Jersey Inc:
Data Sources and Methodology
This transparency report for Community Food Bank 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.