Garden State Consumer Credit Counseling Inc
Garden State Consumer Credit Counseling Inc: Transparent Operations and Effective Fundraising
EIN: 223120920 · Manalapan, NJ · NTEE: P51Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $17.3M |
| Total Expenses | $14.9M |
| Program Spending | 55% |
| Net Assets | $5.3M |
| Transparency Score | 85/100 |
Is Garden State Consumer Credit Counseling Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Garden State Consumer Credit Counseling Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About Garden State Consumer Credit Counseling Inc
Garden State Consumer Credit Counseling Inc (EIN: 223120920) is a nonprofit organization based in Manalapan, NJ, classified under NTEE code P51Z. The organization reported total revenue of $17.3M and total assets of $11.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Garden State Consumer Credit Counseling Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Garden State Consumer Credit Counseling Inc is a large nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $15.1M |
| Total Expenses | $14.9M |
| Surplus / Deficit | +$184K |
| Total Assets | $13.8M |
| Total Liabilities | $8.4M |
| Net Assets | $5.3M |
| Operating Margin | 1.2% |
| Debt-to-Asset Ratio | 61.2% |
| Months of Reserves | 11.1 months |
Financial Health Grade: A
In 2023, Garden State Consumer Credit Counseling Inc reported a surplus of $184K with revenue exceeding expenses, holds 11.1 months of operating reserves (strong position), has a debt-to-asset ratio of 61.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Garden State Consumer Credit Counseling Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.0% | +9.9% | -4.8% |
| 2022 | -4.9% | +7.8% | -5.8% |
| 2021 | +23.9% | +8.9% | +14.1% |
| 2020 | +3.2% | +1.2% | +8.9% |
| 2019 | -1.2% | -7.8% | -5.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1992 |
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 Garden State Consumer Credit Counseling 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: 30%
- programs: 55%
- fundraising: 15%
According to IRS 990 filings, Garden State Consumer Credit Counseling Inc allocates its expenses as follows: admin: 30%, programs: 55%, fundraising: 15%. Approximately 55% 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 $184K, with revenue exceeding expenses.
- Debt-to-asset ratio: 61.2%.
Executive Compensation Analysis
Executive compensation remains at a modest level, with no significant changes over the past five years.
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 Garden State Consumer Credit Counseling Inc's IRS 990 filings:
- The organization has maintained a consistent 0% cost for lobbying, indicating a focus on non-political activities.
Strengths
The following positive indicators were identified for Garden State Consumer Credit Counseling Inc:
- The organization has a strong track record of maintaining a balanced budget, with no significant financial issues reported.
Frequently Asked Questions about Garden State Consumer Credit Counseling Inc
Is Garden State Consumer Credit Counseling Inc a legitimate charity?
Garden State Consumer Credit Counseling Inc (EIN: 223120920) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $17.3M. 1 red flag identified. 1 strength noted. Financial health grade: A.
How does Garden State Consumer Credit Counseling Inc spend its money?
Garden State Consumer Credit Counseling Inc directs 55% of its spending to programs and services. Fundraising costs 15%. This falls below the 65% benchmark.
Are donations to Garden State Consumer Credit Counseling Inc tax-deductible?
Garden State Consumer Credit Counseling Inc is registered as a tax-exempt nonprofit (EIN: 223120920). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Garden State Consumer Credit Counseling Inc's spending goes to programs?
Garden State Consumer Credit Counseling Inc directs 55% to programs, 15% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does Garden State Consumer Credit Counseling Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Garden State Consumer Credit Counseling Inc is above average for NTEE category P51Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Garden State Consumer Credit Counseling Inc located?
Garden State Consumer Credit Counseling Inc is headquartered in Manalapan, New Jersey and files with the IRS under EIN 223120920. It is classified under NTEE code P51Z.
How many years of IRS 990 filings does Garden State Consumer Credit Counseling Inc have?
Garden State Consumer Credit Counseling 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 $17.3M in total revenue.
What does Garden State Consumer Credit Counseling Inc do?
Garden State Consumer Credit Counseling Inc is a nonprofit organization in the Human Services sector, located in Manalapan, New Jersey. It is classified under NTEE code P51Z.
How much revenue does Garden State Consumer Credit Counseling Inc have?
Garden State Consumer Credit Counseling Inc reported total revenue of $17,292,460. Based on 13 IRS 990 filings on record.
What are Garden State Consumer Credit Counseling Inc's total assets?
Garden State Consumer Credit Counseling Inc holds total assets of $11,862,130 as reported in IRS 990 filings.
Where is Garden State Consumer Credit Counseling Inc located?
Garden State Consumer Credit Counseling Inc is based in Manalapan, New Jersey.
What is Garden State Consumer Credit Counseling Inc's EIN?
Garden State Consumer Credit Counseling Inc's Employer Identification Number (EIN) is 223120920. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Garden State Consumer Credit Counseling Inc?
Garden State Consumer Credit Counseling Inc is classified under NTEE code P51Z (Human Services).
Is Garden State Consumer Credit Counseling Inc a registered 501(c)(3)?
Yes, Garden State Consumer Credit Counseling Inc is recognized as a tax-exempt organization by the IRS. EIN: 223120920.
Does Garden State Consumer Credit Counseling Inc file IRS Form 990?
Yes, Garden State Consumer Credit Counseling Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Garden State Consumer Credit Counseling Inc's revenue in 2023?
In the 202312 filing period, Garden State Consumer Credit Counseling Inc reported total revenue of $15,059,714, total expenses of $14,875,769, and net assets of $13,783,103.
Is Garden State Consumer Credit Counseling Inc's revenue growing or declining?
Garden State Consumer Credit Counseling Inc's revenue is growing. Revenue went from $14,075,218 (202212) to $15,059,714 (202312), a +7.0% change. Based on 13 filings on record.
What is Garden State Consumer Credit Counseling Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Garden State Consumer Credit Counseling Inc covers tax period 202312. It shows revenue of $15,059,714, expenses of $14,875,769, total assets of $13,783,103, and liabilities of $8,441,888.
How much does Garden State Consumer Credit Counseling Inc spend on programs vs administration?
Based on IRS 990 analysis, Garden State Consumer Credit Counseling Inc allocates approximately 55% of expenses to program services, 30% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Garden State Consumer Credit Counseling Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Garden State Consumer Credit Counseling Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Garden State Consumer Credit Counseling Inc?
The following concerns were identified: The organization has maintained a consistent 0% cost for lobbying, indicating a focus on non-political activities.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Garden State Consumer Credit Counseling Inc's strengths?
Positive indicators for Garden State Consumer Credit Counseling Inc include: The organization has a strong track record of maintaining a balanced budget, with no significant financial issues reported.. These findings are derived from AI analysis of the organization's financial filings.
How does Garden State Consumer Credit Counseling Inc compensate executives?
Executive compensation remains at a modest level, with no significant changes over the past five years. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization ensure the transparency of its operations?
Garden State Consumer Credit Counseling Inc provides detailed breakdowns of revenue sources, including donations and grants, and categorizes expenses into programs, administration, and fundraising, ensuring transparency in its operations.
What is the organization's approach to executive compensation?
Executive compensation at Garden State Consumer Credit Counseling Inc remains at a modest level, with no significant changes over the past five years, indicating a focus on mission-driven leadership.
Can you explain the organization's consistent 0% cost for lobbying?
The organization's consistent 0% cost for lobbying indicates a commitment to non-political activities and a focus on direct service delivery to consumers.
Filing History
IRS 990 filing history for Garden State Consumer Credit Counseling Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Garden State Consumer Credit Counseling Inc's revenue has declined by 35.9%, moving from $23.5M to $15.1M. Total assets increased by 38.4% over the same period, from $10.0M to $13.8M. Total functional expenses fell by 34.6%, from $22.7M to $14.9M. In its most recent filing year (2023), Garden State Consumer Credit Counseling Inc reported a surplus of $184K, with revenue exceeding expenses. The organization holds $8.4M in liabilities against $13.8M in assets (debt-to-asset ratio: 61.2%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $15.1M | $14.9M | $13.8M | $8.4M | — | View 990 |
| 2022 | $14.1M | $13.5M | $14.5M | $9.3M | — | — |
| 2021 | $14.8M | $12.6M | $15.4M | $10.7M | — | View 990 |
| 2020 | $12.0M | $11.5M | $13.5M | $10.9M | — | View 990 |
| 2019 | $11.6M | $11.4M | $12.4M | $10.1M | — | View 990 |
| 2018 | $11.7M | $12.4M | $13.1M | $11.0M | — | View 990 |
| 2017 | $13.4M | $14.5M | $12.4M | $9.6M | — | — |
| 2016 | $13.5M | $15.0M | $14.2M | $11.5M | — | View 990 |
| 2015 | $17.1M | $16.8M | $15.3M | $10.9M | — | View 990 |
| 2014 | $19.8M | $20.2M | $16.3M | $12.0M | — | View 990 |
| 2013 | $22.4M | $22.2M | $10.3M | $5.9M | — | View 990 |
| 2012 | $24.6M | $23.8M | $10.8M | $6.5M | — | View 990 |
| 2011 | $23.5M | $22.7M | $10.0M | $6.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.1M, expenses of $14.9M, and assets of $13.8M (revenue +7.0% year-over-year).
- 2022: Revenue of $14.1M, expenses of $13.5M, and assets of $14.5M (revenue -4.9% year-over-year).
- 2021: Revenue of $14.8M, expenses of $12.6M, and assets of $15.4M (revenue +23.9% year-over-year).
- 2020: Revenue of $12.0M, expenses of $11.5M, and assets of $13.5M (revenue +3.2% year-over-year).
- 2019: Revenue of $11.6M, expenses of $11.4M, and assets of $12.4M (revenue -1.2% year-over-year).
- 2018: Revenue of $11.7M, expenses of $12.4M, and assets of $13.1M (revenue -12.5% year-over-year).
- 2017: Revenue of $13.4M, expenses of $14.5M, and assets of $12.4M (revenue -0.7% year-over-year).
- 2016: Revenue of $13.5M, expenses of $15.0M, and assets of $14.2M (revenue -21.0% year-over-year).
- 2015: Revenue of $17.1M, expenses of $16.8M, and assets of $15.3M (revenue -13.6% year-over-year).
- 2014: Revenue of $19.8M, expenses of $20.2M, and assets of $16.3M (revenue -11.8% year-over-year).
- 2013: Revenue of $22.4M, expenses of $22.2M, and assets of $10.3M (revenue -8.9% year-over-year).
- 2012: Revenue of $24.6M, expenses of $23.8M, and assets of $10.8M (revenue +4.8% year-over-year).
- 2011: Revenue of $23.5M, expenses of $22.7M, and assets of $10.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Garden State Consumer Credit Counseling Inc:
Data Sources and Methodology
This transparency report for Garden State Consumer Credit Counseling 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.