Dare New Jersey Inc
Dare New Jersey Inc: Declining Revenue and Significant Spending Concerns
EIN: 223067748 · Cream Ridge, NJ · Updated: 2026-04-04
Is Dare New Jersey Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Dare New Jersey Inc
Dare New Jersey Inc (EIN: 223067748) is a nonprofit organization based in Cream Ridge, NJ. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Dare New Jersey 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 Dare New Jersey Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, Dare New Jersey Inc allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific figures for individual executives are not provided in the given data.
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 Dare New Jersey Inc's IRS 990 filings:
- Zero percent of reported expenses allocated to programs for all available years (2011-2015).
- Consistent net losses, with expenses exceeding revenue by significant margins (e.g., $22,277,884 in expenses vs. $21,596,823 in revenue in 2014).
- High administrative spending, with 100% of reported expenses categorized as 'other' or administrative.
- Significant decline in revenue from $21,907,317 in 2011 to $837,046 in 2015.
Strengths
The following positive indicators were identified for Dare New Jersey Inc:
- None identified based on the provided financial data.
Frequently Asked Questions about Dare New Jersey Inc
Is Dare New Jersey Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Dare New Jersey Inc (EIN: 223067748) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Dare New Jersey Inc spend its money?
Detailed spending breakdown data is not yet available for Dare New Jersey Inc. Check back for updated IRS 990 analysis.
Are donations to Dare New Jersey Inc tax-deductible?
Dare New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 223067748). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Dare New Jersey Inc do?
Dare New Jersey Inc is a nonprofit organization in the Unknown sector, located in Cream Ridge, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Dare New Jersey Inc have?
Dare New Jersey Inc reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are Dare New Jersey Inc's total assets?
Dare New Jersey Inc holds total assets of N/A as reported in IRS 990 filings.
Where is Dare New Jersey Inc located?
Dare New Jersey Inc is based in Cream Ridge, New Jersey.
What is Dare New Jersey Inc's EIN?
Dare New Jersey Inc's Employer Identification Number (EIN) is 223067748. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Dare New Jersey Inc?
Dare New Jersey Inc is classified under NTEE code Unknown (Unknown).
Is Dare New Jersey Inc a registered 501(c)(3)?
Dare New Jersey Inc appears in IRS records (EIN: 223067748). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Dare New Jersey Inc file IRS Form 990?
Yes, Dare New Jersey Inc has 5 IRS Form 990 filings on record. The most recent covers tax period 201506.
What was Dare New Jersey Inc's revenue in 2015?
In the 201506 filing period, Dare New Jersey Inc reported total revenue of $837,046, total expenses of $622,590, and net assets of $1,107,887.
Is Dare New Jersey Inc's revenue growing or declining?
Dare New Jersey Inc's revenue is declining. Revenue went from $21,596,823 (201406) to $837,046 (201506), a -96.1% change. Based on 5 filings on record.
What is Dare New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Dare New Jersey Inc covers tax period 201506. It shows revenue of $837,046, expenses of $622,590, total assets of $1,107,887, and liabilities of $1,261,992.
Is Dare New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Dare New Jersey Inc shows mixed signals. Mission Score: 45/100 (Fair). 4 red flags identified. 1 strength noted.
What are the red flags for Dare New Jersey Inc?
The following concerns were identified: Zero percent of reported expenses allocated to programs for all available years (2011-2015).. Consistent net losses, with expenses exceeding revenue by significant margins (e.g., $22,277,884 in expenses vs. $21,596,823 in revenue in 2014).. High administrative spending, with 100% of reported expenses categorized as 'other' or administrative.. Significant decline in revenue from $21,907,317 in 2011 to $837,046 in 2015.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Dare New Jersey Inc's strengths?
Positive indicators for Dare New Jersey Inc include: None identified based on the provided financial data.. These findings are derived from AI analysis of the organization's financial filings.
How does Dare New Jersey Inc compensate executives?
Executive compensation cannot be assessed as specific figures for individual executives are not provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% program spending, what is the actual operational purpose and impact of Dare New Jersey Inc?
The data suggests that despite significant revenue and expenses in prior years, no funds were directly allocated to programs, raising questions about the organization's core mission fulfillment and activities.
How did Dare New Jersey Inc manage to sustain operations for multiple years with consistent net losses and zero program spending?
The sustained operation with net losses and no program spending suggests reliance on other funding sources not detailed here, or a significant accumulation of debt, as indicated by high liabilities.
Filing History
IRS 990 filing history for Dare New Jersey Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), Dare New Jersey Inc's revenue has declined by 96.2%, moving from $21.9M to $837K. Total assets increased by 18.5% over the same period, from $935K to $1.1M. Total functional expenses fell by 97.1%, from $21.8M to $623K. In its most recent filing year (2015), Dare New Jersey Inc reported a surplus of $214K, with revenue exceeding expenses. The organization holds $1.3M in liabilities against $1.1M in assets (debt-to-asset ratio: 113.9%), resulting in net assets of $-154,105.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2015 | $837K | $623K | $1.1M | $1.3M | — | View 990 |
| 2014 | $21.6M | $22.3M | $1.4M | $1.9M | — | View 990 |
| 2013 | $21.7M | $22.0M | $1.4M | $1.2M | — | View 990 |
| 2012 | $21.8M | $21.9M | $851K | $343K | — | View 990 |
| 2011 | $21.9M | $21.8M | $935K | $361K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $837K, expenses of $623K, and assets of $1.1M (revenue -96.1% year-over-year).
- 2014: Revenue of $21.6M, expenses of $22.3M, and assets of $1.4M (revenue -0.5% year-over-year).
- 2013: Revenue of $21.7M, expenses of $22.0M, and assets of $1.4M (revenue -0.5% year-over-year).
- 2012: Revenue of $21.8M, expenses of $21.9M, and assets of $851K (revenue -0.4% year-over-year).
- 2011: Revenue of $21.9M, expenses of $21.8M, and assets of $935K.
Data Sources and Methodology
This transparency report for Dare 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.