Declarations Inc

Declarations Inc. maintains consistent revenue and expenses, reporting no officer compensation over a decade.

EIN: 161672491 · Freehold, NJ · NTEE: F33 · Updated: 2026-03-28

$3.5MRevenue

$2.2MAssets

75/100Mission Score (Good)

F33

About Declarations Inc

Declarations Inc (EIN: 161672491) is a nonprofit organization based in Freehold, NJ, classified under NTEE code F33. The organization reported total revenue of $3.5M and total assets of $2.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Declarations Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Declarations Inc. demonstrates consistent financial activity, with revenues and expenses generally balancing out over the past decade, hovering around the $3 million to $3.9 million mark. While the organization experienced a slight deficit in its most recent filing (202406), with expenses exceeding revenue by approximately $65,000, this is not a significant concern given its overall financial stability and asset base. The organization's assets have shown growth, particularly between 2022 and 2023, increasing from $1,040,981 to $2,854,189, indicating a strengthening balance sheet.

A notable aspect of Declarations Inc.'s financial management is the consistent reporting of 0% officer compensation across all available filings. This suggests either that executive compensation is not reported in this section, or that the organization operates with a volunteer or very low-paid leadership structure, which could be a positive indicator of resource allocation directly to its mission. However, without a detailed breakdown of functional expenses (program, administrative, fundraising), it's challenging to fully assess spending efficiency.

Overall, Declarations Inc. appears to be a financially stable organization with a consistent operational history. The lack of reported officer compensation is a significant point for further inquiry regarding transparency, as it's unusual for an organization of this size to have no compensated leadership. Further details on functional expenses would provide a more complete picture of its spending efficiency and program focus.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Declarations Inc 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: 85%
fundraising: 5%

According to IRS 990 filings, Declarations 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

Declarations Inc. consistently reports 0% officer compensation across all available filings, which is unusual for an organization with annual revenues exceeding $3 million. This could indicate a volunteer-led structure or that compensation is reported under different categories, warranting further investigation into its transparency practices.

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 Declarations Inc's IRS 990 filings:

Consistent 0% officer compensation reported, which is unusual for an organization of this size and warrants further investigation into executive compensation transparency.

Strengths

The following positive indicators were identified for Declarations Inc:

Consistent revenue generation, generally around $3 million annually over a decade.
Stable financial operations with revenues and expenses largely balancing out over time.
Significant growth in assets, particularly between 2022 and 2023, strengthening the balance sheet.
Long operational history with 13 IRS 990 filings, indicating sustained activity.

Frequently Asked Questions about Declarations Inc

Is Declarations Inc. a good charity?

Declarations Inc. appears to be a financially stable organization with consistent operations over a long period. Its consistent reporting of 0% officer compensation is a unique characteristic that could be viewed positively for resource allocation, but also raises questions about the full transparency of its compensation structure. Without detailed functional expense breakdowns, a definitive 'good' or 'bad' assessment is difficult, but its financial consistency is a strength.

Why is officer compensation consistently reported as 0%?

The consistent reporting of 0% officer compensation across all 13 filings is highly unusual for an organization with annual revenues in the multi-million dollar range. This could mean that the organization is entirely volunteer-led at the executive level, or that executive compensation is being reported under other expense categories, or that the specific section of the 990 form for officer compensation is not being fully utilized or is not applicable under their specific reporting method. This warrants further inquiry into their governance and compensation policies.

How has Declarations Inc.'s asset base changed over time?

Declarations Inc.'s assets have shown significant fluctuation and growth. They were around $1.3M-$1.5M for several years, then dropped to $1.04M in 202206, before experiencing a substantial increase to $2.85M in 202306 and then a slight decrease to $2.65M in 202406. This recent growth in assets, particularly between 2022 and 2023, indicates a strengthening financial position.

Is Declarations Inc. experiencing financial difficulties based on its latest filing?

In its latest filing (202406), Declarations Inc. reported expenses of $3,547,740 against revenues of $3,482,050, resulting in a deficit of approximately $65,690. While this is a deficit, it is relatively small compared to its total revenue and assets, and not necessarily indicative of significant financial difficulty, especially given its historical stability and current asset base of over $2.6 million.

Filing History

IRS 990 filing history for Declarations Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2024), Declarations Inc's revenue has grown by 139%, moving from $1.5M to $3.5M. Total assets increased by 125.2% over the same period, from $1.2M to $2.7M. Total functional expenses rose by 189.6%, from $1.2M to $3.5M. In its most recent filing year (2024), Declarations Inc reported a deficit of $66K, with expenses exceeding revenue. The organization holds $1.9M in liabilities against $2.7M in assets (debt-to-asset ratio: 72.6%), resulting in net assets of $728K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$3.5M	$3.5M	$2.7M	$1.9M	—	View 990
2023	$3.9M	$3.2M	$2.9M	$2.1M	—	View 990
2022	$3.3M	$3.2M	$1.0M	$912K	—	View 990
2021	$3.0M	$3.1M	$1.1M	$1.0M	—	View 990
2020	$3.3M	$3.3M	$1.5M	$1.4M	—	View 990
2019	$3.2M	$3.2M	$1.6M	$1.3M	—	View 990
2018	$3.1M	$3.1M	$1.6M	$1.3M	—	View 990
2017	$3.0M	$3.0M	$1.3M	$1.0M	—	View 990
2016	$2.9M	$2.9M	$1.3M	$1.1M	—	View 990
2015	$3.1M	$3.0M	$1.4M	$1.1M	—	View 990
2014	$2.7M	$2.6M	$1.4M	$1.1M	—	View 990
2013	$1.5M	$1.5M	$1.1M	$941K	—	View 990
2012	$1.5M	$1.2M	$1.2M	$946K	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $3.5M, expenses of $3.5M, and assets of $2.7M (revenue -10.8% year-over-year).
2023: Revenue of $3.9M, expenses of $3.2M, and assets of $2.9M (revenue +19.9% year-over-year).
2022: Revenue of $3.3M, expenses of $3.2M, and assets of $1.0M (revenue +6.9% year-over-year).
2021: Revenue of $3.0M, expenses of $3.1M, and assets of $1.1M (revenue -7.3% year-over-year).
2020: Revenue of $3.3M, expenses of $3.3M, and assets of $1.5M (revenue +2.9% year-over-year).
2019: Revenue of $3.2M, expenses of $3.2M, and assets of $1.6M (revenue +2.0% year-over-year).
2018: Revenue of $3.1M, expenses of $3.1M, and assets of $1.6M (revenue +5.7% year-over-year).
2017: Revenue of $3.0M, expenses of $3.0M, and assets of $1.3M (revenue +1.3% year-over-year).
2016: Revenue of $2.9M, expenses of $2.9M, and assets of $1.3M (revenue -4.2% year-over-year).
2015: Revenue of $3.1M, expenses of $3.0M, and assets of $1.4M (revenue +13.0% year-over-year).
2014: Revenue of $2.7M, expenses of $2.6M, and assets of $1.4M (revenue +84.5% year-over-year).
2013: Revenue of $1.5M, expenses of $1.5M, and assets of $1.1M (revenue +0.4% year-over-year).
2012: Revenue of $1.5M, expenses of $1.2M, and assets of $1.2M.

Data Sources and Methodology

This transparency report for Declarations 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.