Garden State Equality Education Fund Inc
Garden State Equality Education Fund Inc shows consistent growth and no reported officer compensation over a decade.
EIN: 202588166 · Asbury Park, NJ · NTEE: B90 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.4M |
| Total Expenses | $1.5M |
| Program Spending | 85% |
| Net Assets | $217K |
| Transparency Score | 92/100 |
Is Garden State Equality Education Fund 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 Equality Education Fund Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Garden State Equality Education Fund Inc
Garden State Equality Education Fund Inc (EIN: 202588166) is a nonprofit organization based in Asbury Park, NJ, classified under NTEE code B90. The organization reported total revenue of $3.4M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Garden State Equality Education Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Garden State Equality Education Fund Inc is a mid-size nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.5M |
| Total Expenses | $1.5M |
| Surplus / Deficit | $-39,627 |
| Total Assets | $466K |
| Total Liabilities | $249K |
| Net Assets | $217K |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 53.4% |
| Months of Reserves | 3.7 months |
Financial Health Grade: C
In 2023, Garden State Equality Education Fund Inc reported a deficit of $40K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 53.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Garden State Equality Education Fund Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +30.8% | +41.9% | +3.8% |
| 2022 | +76.3% | +83.4% | +66.6% |
| 2021 | -10.8% | -14.5% | -2.5% |
| 2020 | +7.5% | -2.5% | +53.9% |
| 2019 | +10.4% | +28.7% | -15.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Equality Education Fund Inc with a Mission Score of 92 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Garden State Equality Education Fund Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 53.4%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its top executives, which is highly unusual and suggests a volunteer-led or very lean executive structure.
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 Equality Education Fund Inc's IRS 990 filings:
- Small operating deficit in the latest filing period (202306), with expenses ($1,516,305) slightly exceeding revenue ($1,476,678).
Strengths
The following positive indicators were identified for Garden State Equality Education Fund Inc:
- Consistent revenue growth over a decade, from $270,785 in 2014 to $1,476,678 in 2023.
- No reported officer compensation across all 13 filings, indicating high efficiency in directing funds to mission.
- Steady increase in assets, from $76,855 in 2014 to $465,576 in 2023, demonstrating financial stability.
- Consistent filing of IRS 990s, indicating strong transparency and compliance.
- Positive net assets (Assets > Liabilities) in all reported periods, showing financial solvency.
Frequently Asked Questions about Garden State Equality Education Fund Inc
Is Garden State Equality Education Fund Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Garden State Equality Education Fund Inc (EIN: 202588166) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Garden State Equality Education Fund Inc spend its money?
Garden State Equality Education Fund Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Garden State Equality Education Fund Inc tax-deductible?
Garden State Equality Education Fund Inc is registered as a tax-exempt nonprofit (EIN: 202588166). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Garden State Equality Education Fund Inc's spending goes to programs?
Garden State Equality Education Fund Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Garden State Equality Education Fund Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Garden State Equality Education Fund Inc is above average for NTEE category B90 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Garden State Equality Education Fund Inc located?
Garden State Equality Education Fund Inc is headquartered in Asbury Park, New Jersey and files with the IRS under EIN 202588166. It is classified under NTEE code B90.
How many years of IRS 990 filings does Garden State Equality Education Fund Inc have?
Garden State Equality Education Fund 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 $3.4M in total revenue.
Is Garden State Equality Education Fund Inc a good charity?
Based on the provided data, Garden State Equality Education Fund Inc appears to be a good charity. It demonstrates strong financial growth, efficient spending with no reported officer compensation, and consistent transparency through its IRS 990 filings.
How has the organization's revenue grown over time?
The organization's revenue has shown significant growth, increasing from $270,785 in 2014 to $1,476,678 in 2023, indicating a substantial increase in donor support and operational scale.
What is the trend in the organization's assets?
Assets have consistently grown, from $76,855 in 2014 to $465,576 in 2023, demonstrating a healthy accumulation of resources to support its mission.
Filing History
IRS 990 filing history for Garden State Equality Education Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Garden State Equality Education Fund Inc's revenue has grown by 461.4%, moving from $263K to $1.5M. Total assets increased by 2417.3% over the same period, from $18K to $466K. Total functional expenses rose by 324.4%, from $357K to $1.5M. In its most recent filing year (2023), Garden State Equality Education Fund Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $249K in liabilities against $466K in assets (debt-to-asset ratio: 53.4%), resulting in net assets of $217K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.5M | $466K | $249K | — | View 990 |
| 2022 | $1.1M | $1.1M | $449K | $162K | — | View 990 |
| 2021 | $640K | $583K | $269K | $43K | — | View 990 |
| 2020 | $718K | $682K | $276K | $130K | — | View 990 |
| 2019 | $668K | $699K | $179K | $70K | — | View 990 |
| 2018 | $605K | $543K | $212K | $72K | — | View 990 |
| 2017 | $444K | $420K | $137K | $58K | — | View 990 |
| 2016 | $186K | $253K | $78K | $38K | — | View 990 |
| 2015 | $299K | $225K | $145K | $38K | — | View 990 |
| 2014 | $271K | $337K | $77K | $44K | — | View 990 |
| 2013 | $455K | $379K | $122K | $23K | — | View 990 |
| 2012 | $259K | $227K | $51K | $23K | — | View 990 |
| 2011 | $263K | $357K | $18K | $23K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.5M, and assets of $466K (revenue +30.8% year-over-year).
- 2022: Revenue of $1.1M, expenses of $1.1M, and assets of $449K (revenue +76.3% year-over-year).
- 2021: Revenue of $640K, expenses of $583K, and assets of $269K (revenue -10.8% year-over-year).
- 2020: Revenue of $718K, expenses of $682K, and assets of $276K (revenue +7.5% year-over-year).
- 2019: Revenue of $668K, expenses of $699K, and assets of $179K (revenue +10.4% year-over-year).
- 2018: Revenue of $605K, expenses of $543K, and assets of $212K (revenue +36.2% year-over-year).
- 2017: Revenue of $444K, expenses of $420K, and assets of $137K (revenue +139.2% year-over-year).
- 2016: Revenue of $186K, expenses of $253K, and assets of $78K (revenue -38.0% year-over-year).
- 2015: Revenue of $299K, expenses of $225K, and assets of $145K (revenue +10.6% year-over-year).
- 2014: Revenue of $271K, expenses of $337K, and assets of $77K (revenue -40.5% year-over-year).
- 2013: Revenue of $455K, expenses of $379K, and assets of $122K (revenue +75.5% year-over-year).
- 2012: Revenue of $259K, expenses of $227K, and assets of $51K (revenue -1.4% year-over-year).
- 2011: Revenue of $263K, expenses of $357K, and assets of $18K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Garden State Equality Education Fund Inc:
Data Sources and Methodology
This transparency report for Garden State Equality Education Fund 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.