Federation Of Multicultural Program Of New Jersey Inc
Federation Of Multicultural Program Of New Jersey Inc faces persistent operating deficits and declining assets.
EIN: 113423916 · Brooklyn, NY · NTEE: F33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $4.0M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $-385,536 |
| Transparency Score | 45/100 |
Is Federation Of Multicultural Program Of 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 →
Federation Of Multicultural Program Of New Jersey Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Federation Of Multicultural Program Of New Jersey Inc
Federation Of Multicultural Program Of New Jersey Inc (EIN: 113423916) is a nonprofit organization based in Brooklyn, NY, classified under NTEE code F33. The organization reported total revenue of $3.4M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Federation Of Multicultural Program Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Federation Of Multicultural Program Of New Jersey Inc is a mid-size nonprofit that has been operating for 28 years, with 3 years of IRS 990 filings on record (2011–2013). Revenue has grown at a compound annual rate of -6.8%.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.4M |
| Total Expenses | $4.0M |
| Surplus / Deficit | $-585,550 |
| Total Assets | $1.8M |
| Total Liabilities | $2.2M |
| Net Assets | $-385,536 |
| Operating Margin | -17.3% |
| Debt-to-Asset Ratio | 121.3% |
| Months of Reserves | 5.5 months |
Financial Health Grade: C
In 2013, Federation Of Multicultural Program Of New Jersey Inc reported a deficit of $586K with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 121.3% (high leverage).
Financial Trends
Over 3 years of filings (2011–2013), Federation Of Multicultural Program Of New Jersey Inc's revenue has declined at a compound annual growth rate (CAGR) of -6.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2013 | -13.2% | -1.5% | -8.2% |
| 2012 | +0.1% | +1.5% | -23.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1998 |
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 Federation Of Multicultural Program Of 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Federation Of Multicultural Program Of New Jersey Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2013)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $586K, with expenses exceeding revenue.
- Debt-to-asset ratio: 121.3%.
Executive Compensation Analysis
The organization reported 0% officer compensation across all three filing periods, which is unusual for an organization of its size with revenues exceeding $3 million. This could indicate that executive compensation is either very low, not reported under 'officer compensation' in the standard way, or that the organization is primarily volunteer-run at the executive level.
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 Federation Of Multicultural Program Of New Jersey Inc's IRS 990 filings:
- Consistent operating deficits for three consecutive years (e.g., $3,972,427 expenses vs. $3,386,877 revenue in 2013).
- Liabilities ($2,197,196) exceeding assets ($1,811,660) in the latest filing period (2013).
- Declining revenue trend from $3,896,559 in 2011 to $3,386,877 in 2013.
- Significant decrease in total assets over the three-year period.
Strengths
The following positive indicators were identified for Federation Of Multicultural Program Of New Jersey Inc:
- Reported 0% officer compensation across all available filings, suggesting resources are not being allocated to high executive salaries.
Frequently Asked Questions about Federation Of Multicultural Program Of New Jersey Inc
Is Federation Of Multicultural Program Of New Jersey Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Federation Of Multicultural Program Of New Jersey Inc (EIN: 113423916) significant concerns. Mission Score: 45/100. 4 red flags identified, 1 strength noted.
How does Federation Of Multicultural Program Of New Jersey Inc spend its money?
Federation Of Multicultural Program Of New Jersey Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Federation Of Multicultural Program Of New Jersey Inc tax-deductible?
Federation Of Multicultural Program Of New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 113423916). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Federation Of Multicultural Program Of New Jersey Inc CEO make?
Federation Of Multicultural Program Of New Jersey Inc's highest-compensated officer earns $3 annually. The organization reported $3.4M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Federation Of Multicultural Program Of New Jersey Inc's spending goes to programs?
Federation Of Multicultural Program Of New Jersey Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Federation Of Multicultural Program Of New Jersey Inc compare to similar nonprofits?
With a transparency score of 45/100 (Fair), Federation Of Multicultural Program Of New Jersey Inc is near average for NTEE category F33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Federation Of Multicultural Program Of New Jersey Inc located?
Federation Of Multicultural Program Of New Jersey Inc is headquartered in Brooklyn, New York and files with the IRS under EIN 113423916. It is classified under NTEE code F33.
How many years of IRS 990 filings does Federation Of Multicultural Program Of New Jersey Inc have?
Federation Of Multicultural Program Of New Jersey Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $3.4M in total revenue.
Is Federation Of Multicultural Program Of New Jersey Inc financially stable?
Based on the IRS 990 data, the organization is not financially stable. It has consistently reported expenses exceeding revenue for three consecutive years, leading to operating deficits. In 2013, liabilities ($2,197,196) also exceeded assets ($1,811,660), indicating potential solvency concerns.
Why are expenses consistently higher than revenue?
The filings show a consistent pattern where expenses outpace revenue. For example, in 2013, expenses were $3,972,427 while revenue was $3,386,877. This suggests the organization is spending more than it earns, which is unsustainable in the long term.
What caused the decline in assets?
The organization's assets have declined from $2,587,909 in 2011 to $1,811,660 in 2013. This decline is likely a consequence of the persistent operating deficits, where the organization may be drawing down reserves or selling assets to cover ongoing expenses.
Filing History
IRS 990 filing history for Federation Of Multicultural Program Of New Jersey Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2011–2013), Federation Of Multicultural Program Of New Jersey Inc's revenue has declined by 13.1%, moving from $3.9M to $3.4M. Total assets decreased by 30% over the same period, from $2.6M to $1.8M. Total functional expenses fell by 0%, from $4.0M to $4.0M. In its most recent filing year (2013), Federation Of Multicultural Program Of New Jersey Inc reported a deficit of $586K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $1.8M in assets (debt-to-asset ratio: 121.3%), resulting in net assets of $-385,536.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2013 | $3.4M | $4.0M | $1.8M | $2.2M | — | View 990 |
| 2012 | $3.9M | $4.0M | $2.0M | $1.8M | — | View 990 |
| 2011 | $3.9M | $4.0M | $2.6M | $1.8M | — | View 990 |
Year-by-Year Financial Summary
- 2013: Revenue of $3.4M, expenses of $4.0M, and assets of $1.8M (revenue -13.2% year-over-year).
- 2012: Revenue of $3.9M, expenses of $4.0M, and assets of $2.0M (revenue +0.1% year-over-year).
- 2011: Revenue of $3.9M, expenses of $4.0M, and assets of $2.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Federation Of Multicultural Program Of New Jersey Inc:
Data Sources and Methodology
This transparency report for Federation Of Multicultural Program Of 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.