Edison Sheltered Workshop Inc
Edison Sheltered Workshop: Strong Financials, High Program Spending, but Limited Transparency
EIN: 222306742 · Edison, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.1M |
| Total Expenses | $1.3M |
| Program Spending | 72% |
| Net Assets | $5.2M |
| Transparency Score | 75/100 |
Is Edison Sheltered Workshop Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Edison Sheltered Workshop Inc directs 72% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Edison Sheltered Workshop Inc
Edison Sheltered Workshop Inc (EIN: 222306742) is a nonprofit organization based in Edison, NJ. The organization reported total revenue of $4.1M and total assets of $6.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Edison Sheltered Workshop Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Edison Sheltered Workshop Inc is a mid-size nonprofit that has been operating for 44 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.8M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$498K |
| Total Assets | $5.8M |
| Total Liabilities | $541K |
| Net Assets | $5.2M |
| Operating Margin | 27.7% |
| Debt-to-Asset Ratio | 9.4% |
| Months of Reserves | 53.2 months |
Financial Health Grade: A
In 2023, Edison Sheltered Workshop Inc reported a surplus of $498K with revenue exceeding expenses, holds 53.2 months of operating reserves (strong position), has a debt-to-asset ratio of 9.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Edison Sheltered Workshop Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.8% | +4.0% | +13.4% |
| 2022 | -14.7% | +28.2% | +5.5% |
| 2021 | +70.2% | -6.9% | +25.1% |
| 2020 | -35.2% | -15.4% | +20.7% |
| 2019 | +30.5% | +19.4% | +15.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1982 |
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 Edison Sheltered Workshop 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: 18%
- programs: 72%
- fundraising: 10%
According to IRS 990 filings, Edison Sheltered Workshop Inc allocates its expenses as follows: admin: 18%, programs: 72%, fundraising: 10%. Approximately 72% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $498K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.4%.
Executive Compensation Analysis
Executive compensation is not disclosed in the provided data, making a direct assessment impossible without further filings.
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 Edison Sheltered Workshop Inc's IRS 990 filings:
- Lack of detailed program outcome reporting makes it difficult to assess direct impact.
- Absence of executive compensation details raises questions about transparency in leadership remuneration.
Strengths
The following positive indicators were identified for Edison Sheltered Workshop Inc:
- Consistently high program spending, averaging 72% of expenses in 2023.
- Healthy revenue growth from $1,184,043 in 2016 to $1,801,835 in 2023.
- Strong asset growth from $1,904,230 in 2016 to $5,777,795 in 2023, indicating financial stability.
- Low liability-to-asset ratio, with liabilities at $540,924 against assets of $5,777,795 in 2023.
Frequently Asked Questions about Edison Sheltered Workshop Inc
Is Edison Sheltered Workshop Inc a legitimate charity?
Edison Sheltered Workshop Inc (EIN: 222306742) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.1M. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Edison Sheltered Workshop Inc spend its money?
Edison Sheltered Workshop Inc directs 72% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Edison Sheltered Workshop Inc tax-deductible?
Edison Sheltered Workshop Inc is registered as a tax-exempt nonprofit (EIN: 222306742). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Edison Sheltered Workshop Inc's spending goes to programs?
Edison Sheltered Workshop Inc directs 72% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Edison Sheltered Workshop Inc located?
Edison Sheltered Workshop Inc is headquartered in Edison, New Jersey and files with the IRS under EIN 222306742.
How many years of IRS 990 filings does Edison Sheltered Workshop Inc have?
Edison Sheltered Workshop Inc has 13 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 $4.1M in total revenue.
What does Edison Sheltered Workshop Inc do?
Edison Sheltered Workshop Inc is a nonprofit organization in the Unknown sector, located in Edison, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Edison Sheltered Workshop Inc have?
Edison Sheltered Workshop Inc reported total revenue of $4,059,004. Based on 13 IRS 990 filings on record.
What are Edison Sheltered Workshop Inc's total assets?
Edison Sheltered Workshop Inc holds total assets of $6,199,753 as reported in IRS 990 filings.
Where is Edison Sheltered Workshop Inc located?
Edison Sheltered Workshop Inc is based in Edison, New Jersey.
What is Edison Sheltered Workshop Inc's EIN?
Edison Sheltered Workshop Inc's Employer Identification Number (EIN) is 222306742. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Edison Sheltered Workshop Inc?
Edison Sheltered Workshop Inc is classified under NTEE code Unknown (Unknown).
Is Edison Sheltered Workshop Inc a registered 501(c)(3)?
Edison Sheltered Workshop Inc appears in IRS records (EIN: 222306742). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Edison Sheltered Workshop Inc file IRS Form 990?
Yes, Edison Sheltered Workshop Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Edison Sheltered Workshop Inc's revenue in 2023?
In the 202312 filing period, Edison Sheltered Workshop Inc reported total revenue of $1,801,835, total expenses of $1,303,432, and net assets of $5,777,795.
Is Edison Sheltered Workshop Inc's revenue growing or declining?
Edison Sheltered Workshop Inc's revenue is relatively stable. Revenue went from $1,719,204 (202212) to $1,801,835 (202312), a +4.8% change. Based on 13 filings on record.
What is Edison Sheltered Workshop Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Edison Sheltered Workshop Inc covers tax period 202312. It shows revenue of $1,801,835, expenses of $1,303,432, total assets of $5,777,795, and liabilities of $540,924.
How much does Edison Sheltered Workshop Inc spend on programs vs administration?
Based on IRS 990 analysis, Edison Sheltered Workshop Inc allocates approximately 72% of expenses to program services, 18% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Edison Sheltered Workshop Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Edison Sheltered Workshop Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for Edison Sheltered Workshop Inc?
The following concerns were identified: Lack of detailed program outcome reporting makes it difficult to assess direct impact.. Absence of executive compensation details raises questions about transparency in leadership remuneration.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Edison Sheltered Workshop Inc's strengths?
Positive indicators for Edison Sheltered Workshop Inc include: Consistently high program spending, averaging 72% of expenses in 2023.. Healthy revenue growth from $1,184,043 in 2016 to $1,801,835 in 2023.. Strong asset growth from $1,904,230 in 2016 to $5,777,795 in 2023, indicating financial stability.. Low liability-to-asset ratio, with liabilities at $540,924 against assets of $5,777,795 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Edison Sheltered Workshop Inc compensate executives?
Executive compensation is not disclosed in the provided data, making a direct assessment impossible without further filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Edison Sheltered Workshop Inc. ensure its programs are effectively meeting the needs of its beneficiaries, given the lack of specific outcome reporting?
Without detailed program outcome reports, it's challenging to ascertain the direct impact and effectiveness of their services. The organization should consider publishing measurable goals and results to demonstrate their success in supporting individuals with disabilities.
What is the organization's strategy for diversifying its funding sources, considering the consistent revenue figures over the past few years?
While revenue has grown, the figures suggest a steady, rather than explosive, increase. A strategy for diversifying funding beyond existing streams could enhance financial resilience and allow for program expansion. This might include exploring new grants, corporate partnerships, or individual donor campaigns.
Filing History
IRS 990 filing history for Edison Sheltered Workshop Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Edison Sheltered Workshop Inc's revenue has grown by 152.8%, moving from $713K to $1.8M. Total assets increased by 339.7% over the same period, from $1.3M to $5.8M. Total functional expenses rose by 79.7%, from $725K to $1.3M. In its most recent filing year (2023), Edison Sheltered Workshop Inc reported a surplus of $498K, with revenue exceeding expenses. The organization holds $541K in liabilities against $5.8M in assets (debt-to-asset ratio: 9.4%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.8M | $1.3M | $5.8M | $541K | — | View 990 |
| 2022 | $1.7M | $1.3M | $5.1M | $524K | — | View 990 |
| 2021 | $2.0M | $978K | $4.8M | $219K | — | View 990 |
| 2020 | $1.2M | $1.1M | $3.9M | $20K | — | View 990 |
| 2019 | $1.8M | $1.2M | $3.2M | $20K | — | View 990 |
| 2018 | $1.4M | $1.0M | $2.8M | $20K | — | View 990 |
| 2017 | $1.5M | $991K | $2.6M | $20K | — | — |
| 2016 | $1.2M | $1.0M | $1.9M | $20K | — | View 990 |
| 2015 | $1.1M | $1.1M | $1.7M | $26K | — | View 990 |
| 2014 | $1.0M | $1.0M | $1.7M | $29K | — | View 990 |
| 2013 | $977K | $829K | $1.7M | $53K | — | View 990 |
| 2012 | $749K | $834K | $1.4M | $33K | — | View 990 |
| 2011 | $713K | $725K | $1.3M | $37K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.8M, expenses of $1.3M, and assets of $5.8M (revenue +4.8% year-over-year).
- 2022: Revenue of $1.7M, expenses of $1.3M, and assets of $5.1M (revenue -14.7% year-over-year).
- 2021: Revenue of $2.0M, expenses of $978K, and assets of $4.8M (revenue +70.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.1M, and assets of $3.9M (revenue -35.2% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.2M, and assets of $3.2M (revenue +30.5% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.0M, and assets of $2.8M (revenue -6.5% year-over-year).
- 2017: Revenue of $1.5M, expenses of $991K, and assets of $2.6M (revenue +26.6% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.0M, and assets of $1.9M (revenue +6.1% year-over-year).
- 2015: Revenue of $1.1M, expenses of $1.1M, and assets of $1.7M (revenue +7.9% year-over-year).
- 2014: Revenue of $1.0M, expenses of $1.0M, and assets of $1.7M (revenue +5.9% year-over-year).
- 2013: Revenue of $977K, expenses of $829K, and assets of $1.7M (revenue +30.4% year-over-year).
- 2012: Revenue of $749K, expenses of $834K, and assets of $1.4M (revenue +5.1% year-over-year).
- 2011: Revenue of $713K, expenses of $725K, and assets of $1.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Edison Sheltered Workshop Inc:
Data Sources and Methodology
This transparency report for Edison Sheltered Workshop 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.