Fund For New Jersey
Fund For New Jersey: Declining Revenue and Asset Volatility Raise Concerns
EIN: 221895028 · Princeton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $16.5M |
| Total Expenses | $6.8M |
| Program Spending | 70% |
| Net Assets | $56.5M |
| Transparency Score | 65/100 |
Is Fund For New Jersey Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Fund For New Jersey directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Fund For New Jersey
Fund For New Jersey (EIN: 221895028) is a nonprofit organization based in Princeton, NJ. The organization reported total revenue of $16.5M and total assets of $59.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Fund For New Jersey's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Fund For New Jersey is a large nonprofit that has been operating for 57 years, with 10 years of IRS 990 filings on record (2011–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $6.8M |
| Surplus / Deficit | $-4,681,820 |
| Total Assets | $57.9M |
| Total Liabilities | $1.4M |
| Net Assets | $56.5M |
| Operating Margin | -221.4% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 102.2 months |
Financial Health Grade: B
In 2023, Fund For New Jersey reported a deficit of $4.7M with expenses exceeding revenue, holds 102.2 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -56.1% | +20.5% | +0.1% |
| 2022 | +25.4% | +11.4% | -19.0% |
| 2021 | +18.3% | +4.7% | +10.5% |
| 2020 | -73.1% | +12.6% | +7.6% |
| 2019 | +398.2% | +23.8% | +9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
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 Fund For New Jersey 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Fund For New Jersey allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. 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 $4.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.4%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific figures, as the provided data only includes total expenses and does not break down salaries for key personnel.
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 Fund For New Jersey's IRS 990 filings:
- Revenue has shown significant volatility and a general downward trend, from $12,050,938 in 2019 to $2,114,474 in 2023, raising sustainability questions.
- Assets have fluctuated considerably, from $71,337,040 in 2021 to $57,859,965 in 2023, indicating potential investment or operational instability.
- The 'c0%' in all filings suggests no specific lobbying expenses were reported, which could be a red flag if the organization engages in advocacy without disclosure.
Strengths
The following positive indicators were identified for Fund For New Jersey:
- The organization consistently maintains a substantial asset base, with assets generally above $50 million, providing a buffer for operations.
- Despite revenue fluctuations, the organization has consistently reported expenses, indicating ongoing operational activity.
- The long history of available financial data (from 2013 to 2023) demonstrates a commitment to financial reporting.
Frequently Asked Questions about Fund For New Jersey
Is Fund For New Jersey a legitimate charity?
Fund For New Jersey (EIN: 221895028) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $16.5M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Fund For New Jersey spend its money?
Fund For New Jersey directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Fund For New Jersey tax-deductible?
Fund For New Jersey is registered as a tax-exempt nonprofit (EIN: 221895028). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Fund For New Jersey's spending goes to programs?
Fund For New Jersey directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Fund For New Jersey located?
Fund For New Jersey is headquartered in Princeton, New Jersey and files with the IRS under EIN 221895028.
How many years of IRS 990 filings does Fund For New Jersey have?
Fund For New Jersey has 10 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 $16.5M in total revenue.
What does Fund For New Jersey do?
Fund For New Jersey is a nonprofit organization in the Unknown sector, located in Princeton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Fund For New Jersey have?
Fund For New Jersey reported total revenue of $16,537,446. Based on 10 IRS 990 filings on record.
What are Fund For New Jersey's total assets?
Fund For New Jersey holds total assets of $59,801,819 as reported in IRS 990 filings.
Where is Fund For New Jersey located?
Fund For New Jersey is based in Princeton, New Jersey.
What is Fund For New Jersey's EIN?
Fund For New Jersey's Employer Identification Number (EIN) is 221895028. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Fund For New Jersey?
Fund For New Jersey is classified under NTEE code Unknown (Unknown).
Is Fund For New Jersey a registered 501(c)(3)?
Fund For New Jersey appears in IRS records (EIN: 221895028). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Fund For New Jersey file IRS Form 990?
Yes, Fund For New Jersey has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Fund For New Jersey's revenue in 2023?
In the 202312 filing period, Fund For New Jersey reported total revenue of $2,114,474, total expenses of $6,796,294, and net assets of $57,859,965.
Is Fund For New Jersey's revenue growing or declining?
Fund For New Jersey's revenue is declining. Revenue went from $4,811,812 (202212) to $2,114,474 (202312), a -56.1% change. Based on 10 filings on record.
What is Fund For New Jersey's most recent 990 filing?
The most recent IRS Form 990 filing for Fund For New Jersey covers tax period 202312. It shows revenue of $2,114,474, expenses of $6,796,294, total assets of $57,859,965, and liabilities of $1,400,595.
How much does Fund For New Jersey spend on programs vs administration?
Based on IRS 990 analysis, Fund For New Jersey allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Fund For New Jersey a trustworthy charity?
Based on AI analysis of IRS 990 data, Fund For New Jersey shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Fund For New Jersey?
The following concerns were identified: Revenue has shown significant volatility and a general downward trend, from $12,050,938 in 2019 to $2,114,474 in 2023, raising sustainability questions.. Assets have fluctuated considerably, from $71,337,040 in 2021 to $57,859,965 in 2023, indicating potential investment or operational instability.. The 'c0%' in all filings suggests no specific lobbying expenses were reported, which could be a red flag if the organization engages in advocacy without disclosure.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Fund For New Jersey's strengths?
Positive indicators for Fund For New Jersey include: The organization consistently maintains a substantial asset base, with assets generally above $50 million, providing a buffer for operations.. Despite revenue fluctuations, the organization has consistently reported expenses, indicating ongoing operational activity.. The long history of available financial data (from 2013 to 2023) demonstrates a commitment to financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Fund For New Jersey compensate executives?
Executive compensation cannot be assessed without specific figures, as the provided data only includes total expenses and does not break down salaries for key personnel. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the dramatic drop in revenue from $12,050,938 in 2019 to $2,114,474 in 2023, and how does the organization plan to address this trend?
The provided data does not specify the reasons for the revenue decline. Potential factors could include changes in funding sources, economic downturns affecting donations, or shifts in grant cycles. Addressing this would likely involve diversifying funding, enhancing fundraising strategies, or re-evaluating program scope.
Given the significant fluctuation in assets, particularly the drop from $71,337,040 in 2021 to $57,859,965 in 2023, what is the organization's investment strategy and risk management approach?
The data does not detail investment strategies. Asset fluctuations could be due to market performance, significant expenditures, or changes in endowment management. A robust strategy would typically involve a diversified portfolio and clear risk tolerance policies to mitigate such volatility.
Filing History
IRS 990 filing history for Fund For New Jersey showing financial trends over 10 years of public records:
Total assets increased by 19.4% over the same period, from $48.4M to $57.9M. Total functional expenses rose by 128.2%, from $3.0M to $6.8M. In its most recent filing year (2023), Fund For New Jersey reported a deficit of $4.7M, with expenses exceeding revenue. The organization holds $1.4M in liabilities against $57.9M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $56.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $6.8M | $57.9M | $1.4M | — | View 990 |
| 2022 | $4.8M | $5.6M | $57.8M | $1.4M | — | View 990 |
| 2021 | $3.8M | $5.1M | $71.3M | $1.1M | — | View 990 |
| 2020 | $3.2M | $4.8M | $64.6M | $819K | — | — |
| 2019 | $12.1M | $4.3M | $60.0M | $708K | — | View 990 |
| 2015 | $2.4M | $3.5M | $54.9M | $226K | — | View 990 |
| 2014 | $2.3M | $3.3M | $57.6M | $260K | — | View 990 |
| 2013 | $1.9M | $3.2M | $56.9M | $262K | — | View 990 |
| 2012 | $1.8M | $3.1M | $50.6M | $112K | — | View 990 |
| 2011 | $-671,000 | $3.0M | $48.4M | $49K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $6.8M, and assets of $57.9M (revenue -56.1% year-over-year).
- 2022: Revenue of $4.8M, expenses of $5.6M, and assets of $57.8M (revenue +25.4% year-over-year).
- 2021: Revenue of $3.8M, expenses of $5.1M, and assets of $71.3M (revenue +18.3% year-over-year).
- 2020: Revenue of $3.2M, expenses of $4.8M, and assets of $64.6M (revenue -73.1% year-over-year).
- 2019: Revenue of $12.1M, expenses of $4.3M, and assets of $60.0M (revenue +398.2% year-over-year).
- 2015: Revenue of $2.4M, expenses of $3.5M, and assets of $54.9M (revenue +4.6% year-over-year).
- 2014: Revenue of $2.3M, expenses of $3.3M, and assets of $57.6M (revenue +21.2% year-over-year).
- 2013: Revenue of $1.9M, expenses of $3.2M, and assets of $56.9M (revenue +3.7% year-over-year).
- 2012: Revenue of $1.8M, expenses of $3.1M, and assets of $50.6M.
- 2011: Revenue of $-671,000, expenses of $3.0M, and assets of $48.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Fund For New Jersey:
Data Sources and Methodology
This transparency report for Fund For New Jersey 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.