Family Service Bureau Of Newark N J
Family Service Bureau of Newark NJ: Declining Revenue and Negative Net Income Raise Concerns
EIN: 221487182 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.4M |
| Program Spending | 70% |
| Net Assets | $-2,254,773 |
| Transparency Score | 65/100 |
Is Family Service Bureau Of Newark N J Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Family Service Bureau Of Newark N J directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Family Service Bureau Of Newark N J
Family Service Bureau Of Newark N J (EIN: 221487182) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $1.4M and total assets of $450K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Family Service Bureau Of Newark N J's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Family Service Bureau Of Newark N J is a mid-size nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-178,920 |
| Total Assets | $692K |
| Total Liabilities | $2.9M |
| Net Assets | $-2,254,773 |
| Operating Margin | -14.2% |
| Debt-to-Asset Ratio | 425.8% |
| Months of Reserves | 5.8 months |
Financial Health Grade: C
In 2023, Family Service Bureau Of Newark N J reported a deficit of $179K with expenses exceeding revenue, holds 5.8 months of operating reserves (adequate), has a debt-to-asset ratio of 425.8% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Family Service Bureau Of Newark N J's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.8% | -3.7% | -23.2% |
| 2022 | -25.9% | -21.2% | +59.1% |
| 2021 | +21.2% | +13.8% | +80.1% |
| 2020 | +12.2% | +8.3% | +27.4% |
| 2019 | +3.2% | -3.0% | -22.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1942 |
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 Family Service Bureau Of Newark N J with a Mission Score of 65 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Family Service Bureau Of Newark N J allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $179K, with expenses exceeding revenue.
- Debt-to-asset ratio: 425.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific data from the filings, as it is 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 Family Service Bureau Of Newark N J's IRS 990 filings:
- Consistent negative net income (expenses exceeding revenue) across all provided years, indicating financial unsustainability.
- Significant decline in revenue from $1,789,435 in 2021 to $1,262,749 in 2023.
- Accumulated deficit (liabilities exceeding assets) is substantial and growing, reaching $2,946,782 in 2023.
- Net assets have consistently been negative, indicating a precarious financial position.
Strengths
The following positive indicators were identified for Family Service Bureau Of Newark N J:
- Long-standing presence in Newark, NJ, suggesting established community ties.
Frequently Asked Questions about Family Service Bureau Of Newark N J
Is Family Service Bureau Of Newark N J a legitimate charity?
Family Service Bureau Of Newark N J (EIN: 221487182) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. 4 red flags identified. 1 strength noted. Financial health grade: C.
How does Family Service Bureau Of Newark N J spend its money?
Family Service Bureau Of Newark N J directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Family Service Bureau Of Newark N J tax-deductible?
Family Service Bureau Of Newark N J is registered as a tax-exempt nonprofit (EIN: 221487182). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Family Service Bureau Of Newark N J's spending goes to programs?
Family Service Bureau Of Newark N J directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Family Service Bureau Of Newark N J located?
Family Service Bureau Of Newark N J is headquartered in Newark, New Jersey and files with the IRS under EIN 221487182.
How many years of IRS 990 filings does Family Service Bureau Of Newark N J have?
Family Service Bureau Of Newark N J 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 $1.4M in total revenue.
What does Family Service Bureau Of Newark N J do?
Family Service Bureau Of Newark N J is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Family Service Bureau Of Newark N J have?
Family Service Bureau Of Newark N J reported total revenue of $1,380,533. Based on 13 IRS 990 filings on record.
What are Family Service Bureau Of Newark N J's total assets?
Family Service Bureau Of Newark N J holds total assets of $450,338 as reported in IRS 990 filings.
Where is Family Service Bureau Of Newark N J located?
Family Service Bureau Of Newark N J is based in Newark, New Jersey.
What is Family Service Bureau Of Newark N J's EIN?
Family Service Bureau Of Newark N J's Employer Identification Number (EIN) is 221487182. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Family Service Bureau Of Newark N J?
Family Service Bureau Of Newark N J is classified under NTEE code Unknown (Unknown).
Is Family Service Bureau Of Newark N J a registered 501(c)(3)?
Family Service Bureau Of Newark N J appears in IRS records (EIN: 221487182). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Family Service Bureau Of Newark N J file IRS Form 990?
Yes, Family Service Bureau Of Newark N J has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Family Service Bureau Of Newark N J's revenue in 2023?
In the 202312 filing period, Family Service Bureau Of Newark N J reported total revenue of $1,262,749, total expenses of $1,441,669, and net assets of $692,009.
Is Family Service Bureau Of Newark N J's revenue growing or declining?
Family Service Bureau Of Newark N J's revenue is relatively stable. Revenue went from $1,325,896 (202212) to $1,262,749 (202312), a -4.8% change. Based on 13 filings on record.
What is Family Service Bureau Of Newark N J's most recent 990 filing?
The most recent IRS Form 990 filing for Family Service Bureau Of Newark N J covers tax period 202312. It shows revenue of $1,262,749, expenses of $1,441,669, total assets of $692,009, and liabilities of $2,946,782.
How much does Family Service Bureau Of Newark N J spend on programs vs administration?
Based on IRS 990 analysis, Family Service Bureau Of Newark N J allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Family Service Bureau Of Newark N J a trustworthy charity?
Based on AI analysis of IRS 990 data, Family Service Bureau Of Newark N J shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 1 strength noted.
What are the red flags for Family Service Bureau Of Newark N J?
The following concerns were identified: Consistent negative net income (expenses exceeding revenue) across all provided years, indicating financial unsustainability.. Significant decline in revenue from $1,789,435 in 2021 to $1,262,749 in 2023.. Accumulated deficit (liabilities exceeding assets) is substantial and growing, reaching $2,946,782 in 2023.. Net assets have consistently been negative, indicating a precarious financial position.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Family Service Bureau Of Newark N J's strengths?
Positive indicators for Family Service Bureau Of Newark N J include: Long-standing presence in Newark, NJ, suggesting established community ties.. These findings are derived from AI analysis of the organization's financial filings.
How does Family Service Bureau Of Newark N J compensate executives?
Executive compensation cannot be assessed without specific data from the filings, as it is 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.
What is the primary driver of the consistent negative net income, and what strategies are being implemented to address this financial challenge?
The data shows expenses consistently exceeding revenue. For example, in 2023, revenue was $1,262,749 while expenses were $1,441,669, resulting in a deficit. Without further detail on expense categories or specific financial strategies, the exact drivers and solutions remain unclear.
Given the declining revenue and increasing accumulated deficit, what is the long-term viability plan for the Family Service Bureau of Newark NJ?
The organization's accumulated deficit has grown from $1,848,261 in 2019 to $2,946,782 in 2023. This trend, coupled with declining revenue, suggests a need for a robust long-term viability plan that addresses both revenue generation and expense management to ensure continued operations.
Filing History
IRS 990 filing history for Family Service Bureau Of Newark N J showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Family Service Bureau Of Newark N J's revenue has grown by 12.9%, moving from $1.1M to $1.3M. Total assets increased by 203.1% over the same period, from $228K to $692K. Total functional expenses rose by 30.1%, from $1.1M to $1.4M. In its most recent filing year (2023), Family Service Bureau Of Newark N J reported a deficit of $179K, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $692K in assets (debt-to-asset ratio: 425.8%), resulting in net assets of $-2,254,773.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.4M | $692K | $2.9M | — | View 990 |
| 2022 | $1.3M | $1.5M | $901K | $3.0M | — | — |
| 2021 | $1.8M | $1.9M | $566K | $2.5M | — | View 990 |
| 2020 | $1.5M | $1.7M | $314K | $2.1M | — | — |
| 2019 | $1.3M | $1.5M | $247K | $1.8M | — | View 990 |
| 2018 | $1.3M | $1.6M | $318K | $1.7M | — | View 990 |
| 2017 | $1.3M | $1.5M | $163K | $1.2M | — | — |
| 2016 | $1.2M | $1.4M | $237K | $1.1M | — | View 990 |
| 2015 | $1.4M | $1.3M | $253K | $873K | — | View 990 |
| 2014 | $1.4M | $1.4M | $260K | $933K | — | View 990 |
| 2013 | $1.6M | $1.5M | $233K | $947K | — | View 990 |
| 2012 | $1.2M | $1.1M | $220K | $1.0M | — | View 990 |
| 2011 | $1.1M | $1.1M | $228K | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.4M, and assets of $692K (revenue -4.8% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.5M, and assets of $901K (revenue -25.9% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.9M, and assets of $566K (revenue +21.2% year-over-year).
- 2020: Revenue of $1.5M, expenses of $1.7M, and assets of $314K (revenue +12.2% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.5M, and assets of $247K (revenue +3.2% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.6M, and assets of $318K (revenue -4.9% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.5M, and assets of $163K (revenue +14.5% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.4M, and assets of $237K (revenue -14.8% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.3M, and assets of $253K (revenue -4.2% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $260K (revenue -11.9% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $233K (revenue +33.8% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $220K (revenue +8.9% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $228K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Family Service Bureau Of Newark N J:
Data Sources and Methodology
This transparency report for Family Service Bureau Of Newark N J 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.