Fair Lawn Economic Development Corporation Inc
Fair Lawn Economic Development Corp. shows recent revenue growth with volunteer leadership.
EIN: 203531068 · Fair Lawn, NJ · NTEE: S30 · Updated: 2026-03-28
Is Fair Lawn Economic Development Corporation Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fair Lawn Economic Development Corporation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Fair Lawn Economic Development Corporation Inc
Fair Lawn Economic Development Corporation Inc (EIN: 203531068) is a nonprofit organization based in Fair Lawn, NJ, classified under NTEE code S30. The organization reported total revenue of $264K and total assets of $41K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fair Lawn Economic Development Corporation 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 Fair Lawn Economic Development Corporation Inc with a Mission Score of 85 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Fair Lawn Economic Development Corporation Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of its size.
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 Fair Lawn Economic Development Corporation Inc's IRS 990 filings:
- Significant year-over-year revenue and asset volatility
- Periods of substantial operating deficits (e.g., 2021: $4,529 revenue vs. $34,952 expenses)
Strengths
The following positive indicators were identified for Fair Lawn Economic Development Corporation Inc:
- Consistent 0% officer compensation, indicating volunteer leadership
- Strong revenue growth in the most recent filing (2022 revenue of $169,174)
- Consistent IRS 990 filing history, demonstrating transparency
Frequently Asked Questions about Fair Lawn Economic Development Corporation Inc
Is Fair Lawn Economic Development Corporation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Fair Lawn Economic Development Corporation Inc (EIN: 203531068) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does Fair Lawn Economic Development Corporation Inc spend its money?
Fair Lawn Economic Development Corporation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Fair Lawn Economic Development Corporation Inc tax-deductible?
Fair Lawn Economic Development Corporation Inc is registered as a tax-exempt nonprofit (EIN: 203531068). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Fair Lawn Economic Development Corporation Inc. financially stable?
While the organization has experienced significant revenue and asset fluctuations, including periods of deficit (e.g., 2021 with $4,529 revenue vs. $34,952 expenses), the 2022 filing shows a strong surplus with $169,174 in revenue against $117,957 in expenses, suggesting improved financial health recently.
How does the organization manage its administrative costs?
The consistent reporting of 0% officer compensation across all filings indicates a very lean administrative structure, with leadership likely volunteering their time, which significantly reduces overhead.
What is the trend in the organization's assets?
Assets have fluctuated considerably, from a low of $5,497 in 2013 to a high of $138,406 in 2022, demonstrating periods of both growth and decline in its financial reserves.
Filing History
IRS 990 filing history for Fair Lawn Economic Development Corporation Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Fair Lawn Economic Development Corporation Inc's revenue has grown by 750.8%, moving from $20K to $169K. Total assets increased by 1487% over the same period, from $9K to $138K. Total functional expenses rose by 535.5%, from $19K to $118K. In its most recent filing year (2022), Fair Lawn Economic Development Corporation Inc reported a surplus of $51K, with revenue exceeding expenses. The organization holds $6K in liabilities against $138K in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $132K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2022 | $169K | $118K | $138K | $6K | — | View 990 |
| 2021 | $5K | $35K | $19K | $400 | — | View 990 |
| 2020 | $21K | $43K | $46K | $0 | — | View 990 |
| 2019 | $57K | $61K | $68K | $0 | — | View 990 |
| 2018 | $31K | $28K | $73K | $0 | — | View 990 |
| 2017 | $35K | $3K | $69K | $0 | — | View 990 |
| 2016 | $28K | $8K | $38K | $598 | — | View 990 |
| 2015 | $14K | $7K | $18K | $800 | — | View 990 |
| 2014 | $5K | $1K | $10K | $300 | — | View 990 |
| 2013 | $45 | $1K | $5K | $300 | — | View 990 |
| 2012 | $66 | $370 | $7K | $300 | — | View 990 |
| 2011 | $20K | $19K | $9K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $169K, expenses of $118K, and assets of $138K (revenue +3635.3% year-over-year).
- 2021: Revenue of $5K, expenses of $35K, and assets of $19K (revenue -78.6% year-over-year).
- 2020: Revenue of $21K, expenses of $43K, and assets of $46K (revenue -62.7% year-over-year).
- 2019: Revenue of $57K, expenses of $61K, and assets of $68K (revenue +85.6% year-over-year).
- 2018: Revenue of $31K, expenses of $28K, and assets of $73K (revenue -13.4% year-over-year).
- 2017: Revenue of $35K, expenses of $3K, and assets of $69K (revenue +24.3% year-over-year).
- 2016: Revenue of $28K, expenses of $8K, and assets of $38K (revenue +102.1% year-over-year).
- 2015: Revenue of $14K, expenses of $7K, and assets of $18K (revenue +164.4% year-over-year).
- 2014: Revenue of $5K, expenses of $1K, and assets of $10K (revenue +11715.6% year-over-year).
- 2013: Revenue of $45, expenses of $1K, and assets of $5K (revenue -31.8% year-over-year).
- 2012: Revenue of $66, expenses of $370, and assets of $7K (revenue -99.7% year-over-year).
- 2011: Revenue of $20K, expenses of $19K, and assets of $9K.
Data Sources and Methodology
This transparency report for Fair Lawn Economic Development Corporation 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.