Independent Insurance Agents Of Nj
Independent Insurance Agents of NJ: Stable Finances, High Program Spending
EIN: 221151205 · Trenton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $6.1M |
| Total Expenses | $1.4M |
| Program Spending | 85% |
| Net Assets | $4.2M |
| Transparency Score | 75/100 |
Is Independent Insurance Agents Of Nj Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Insurance Agents Of Nj directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Insurance Agents Of Nj
Independent Insurance Agents Of Nj (EIN: 221151205) is a nonprofit organization based in Trenton, NJ. The organization reported total revenue of $6.1M and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Insurance Agents Of Nj's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Insurance Agents Of Nj is a mid-size nonprofit that has been operating for 83 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-236,893 |
| Total Assets | $4.2M |
| Net Assets | $4.2M |
| Operating Margin | -20.3% |
| Months of Reserves | 36.1 months |
Financial Health Grade: B
In 2023, Independent Insurance Agents Of Nj reported a deficit of $237K with expenses exceeding revenue, holds 36.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Independent Insurance Agents Of Nj's revenue has declined at a compound annual growth rate (CAGR) of -1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +51.4% | +13.8% | -5.3% |
| 2022 | -65.3% | +1.4% | -9.5% |
| 2021 | +79.6% | -11.4% | +25.7% |
| 2020 | -15.5% | -6.5% | -3.3% |
| 2019 | -1.9% | +7.6% | +-0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1943 |
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 Independent Insurance Agents Of Nj with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Independent Insurance Agents Of Nj 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 $237K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific data on salaries, as the provided data only includes revenue and expenses.
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.
Strengths
The following positive indicators were identified for Independent Insurance Agents Of Nj:
- Consistent revenue generation over multiple years, with 2023 revenue at $1,168,936.
- Strong asset base, consistently above $3.9 million, with $4,234,846 in 2023.
- Low or non-existent lobbying expenses, indicating a focus on core mission rather than political influence.
Frequently Asked Questions about Independent Insurance Agents Of Nj
Is Independent Insurance Agents Of Nj a legitimate charity?
Independent Insurance Agents Of Nj (EIN: 221151205) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $6.1M. No red flags identified. 3 strengths noted. Financial health grade: B.
How does Independent Insurance Agents Of Nj spend its money?
Independent Insurance Agents Of Nj directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Independent Insurance Agents Of Nj tax-deductible?
Independent Insurance Agents Of Nj is registered as a tax-exempt nonprofit (EIN: 221151205). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Independent Insurance Agents Of Nj's spending goes to programs?
Independent Insurance Agents Of Nj directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Independent Insurance Agents Of Nj located?
Independent Insurance Agents Of Nj is headquartered in Trenton, New Jersey and files with the IRS under EIN 221151205.
How many years of IRS 990 filings does Independent Insurance Agents Of Nj have?
Independent Insurance Agents Of Nj 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 $6.1M in total revenue.
What does Independent Insurance Agents Of Nj do?
Independent Insurance Agents Of Nj is a nonprofit organization in the Unknown sector, located in Trenton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Independent Insurance Agents Of Nj have?
Independent Insurance Agents Of Nj reported total revenue of $6,111,541. Based on 13 IRS 990 filings on record.
What are Independent Insurance Agents Of Nj's total assets?
Independent Insurance Agents Of Nj holds total assets of $4,112,739 as reported in IRS 990 filings.
Where is Independent Insurance Agents Of Nj located?
Independent Insurance Agents Of Nj is based in Trenton, New Jersey.
What is Independent Insurance Agents Of Nj's EIN?
Independent Insurance Agents Of Nj's Employer Identification Number (EIN) is 221151205. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Independent Insurance Agents Of Nj?
Independent Insurance Agents Of Nj is classified under NTEE code Unknown (Unknown).
Is Independent Insurance Agents Of Nj a registered 501(c)(3)?
Independent Insurance Agents Of Nj appears in IRS records (EIN: 221151205). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Independent Insurance Agents Of Nj file IRS Form 990?
Yes, Independent Insurance Agents Of Nj has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Independent Insurance Agents Of Nj's revenue in 2023?
In the 202308 filing period, Independent Insurance Agents Of Nj reported total revenue of $1,168,936, total expenses of $1,405,829, and net assets of $4,234,846.
Is Independent Insurance Agents Of Nj's revenue growing or declining?
Independent Insurance Agents Of Nj's revenue is growing. Revenue went from $772,064 (202208) to $1,168,936 (202308), a +51.4% change. Based on 13 filings on record.
What is Independent Insurance Agents Of Nj's most recent 990 filing?
The most recent IRS Form 990 filing for Independent Insurance Agents Of Nj covers tax period 202308. It shows revenue of $1,168,936, expenses of $1,405,829, total assets of $4,234,846, and liabilities of N/A.
How much does Independent Insurance Agents Of Nj spend on programs vs administration?
Based on IRS 990 analysis, Independent Insurance Agents Of Nj allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Independent Insurance Agents Of Nj a trustworthy charity?
Based on AI analysis of IRS 990 data, Independent Insurance Agents Of Nj appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are Independent Insurance Agents Of Nj's strengths?
Positive indicators for Independent Insurance Agents Of Nj include: Consistent revenue generation over multiple years, with 2023 revenue at $1,168,936.. Strong asset base, consistently above $3.9 million, with $4,234,846 in 2023.. Low or non-existent lobbying expenses, indicating a focus on core mission rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does Independent Insurance Agents Of Nj compensate executives?
Executive compensation cannot be assessed without specific data on salaries, as the provided data only includes revenue and expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Independent Insurance Agents Of Nj?
• The organization consistently reports 0% lobbying costs across all available filings. • Detailed financial breakdowns are available through their annual filings, showing consistent revenue and expenditure patterns. • No specific transparency report or detailed impact report is readily available beyond financial statements. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent 'l0' (lobbying expenses of $0) across all years, what specific activities does the organization undertake to fulfill its mission for insurance agents in New Jersey?
Without detailed program descriptions, it's inferred that the organization focuses on education, networking, and member services rather than direct legislative advocacy, given the consistent $0 lobbying expenses.
Filing History
IRS 990 filing history for Independent Insurance Agents Of Nj showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Insurance Agents Of Nj's revenue has declined by 20.9%, moving from $1.5M to $1.2M. Total assets increased by 13.8% over the same period, from $3.7M to $4.2M. Total functional expenses fell by 7.2%, from $1.5M to $1.4M. In its most recent filing year (2023), Independent Insurance Agents Of Nj reported a deficit of $237K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.2M | $1.4M | $4.2M | $0 | — | View 990 |
| 2022 | $772K | $1.2M | $4.5M | $0 | — | View 990 |
| 2021 | $2.2M | $1.2M | $4.9M | $4K | — | View 990 |
| 2020 | $1.2M | $1.4M | $3.9M | $4K | — | View 990 |
| 2019 | $1.5M | $1.5M | $4.1M | $4K | — | View 990 |
| 2018 | $1.5M | $1.4M | $4.1M | $4K | — | View 990 |
| 2017 | $1.5M | $1.4M | $3.9M | $2K | — | View 990 |
| 2016 | $1.4M | $1.5M | $3.9M | $2K | — | View 990 |
| 2015 | $1.5M | $1.4M | $4.0M | $95K | — | View 990 |
| 2014 | $1.7M | $1.5M | $3.9M | $98K | — | View 990 |
| 2013 | $1.4M | $1.5M | $3.8M | $98K | — | View 990 |
| 2012 | $1.5M | $1.4M | $3.8M | $97K | — | View 990 |
| 2011 | $1.5M | $1.5M | $3.7M | $54K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.2M, expenses of $1.4M, and assets of $4.2M (revenue +51.4% year-over-year).
- 2022: Revenue of $772K, expenses of $1.2M, and assets of $4.5M (revenue -65.3% year-over-year).
- 2021: Revenue of $2.2M, expenses of $1.2M, and assets of $4.9M (revenue +79.6% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.4M, and assets of $3.9M (revenue -15.5% year-over-year).
- 2019: Revenue of $1.5M, expenses of $1.5M, and assets of $4.1M (revenue -1.9% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $4.1M (revenue +2.7% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.4M, and assets of $3.9M (revenue +0.7% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $3.9M (revenue -6.0% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $4.0M (revenue -8.1% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.5M, and assets of $3.9M (revenue +19.1% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.5M, and assets of $3.8M (revenue -4.4% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $3.8M (revenue -0.5% year-over-year).
- 2011: Revenue of $1.5M, expenses of $1.5M, and assets of $3.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Insurance Agents Of Nj:
Data Sources and Methodology
This transparency report for Independent Insurance Agents Of Nj 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.