Independent Oil Workers Of Paulsboro Nj
Independent Oil Workers Of Paulsboro Nj consistently operates with no officer compensation but frequently spends more than its annual revenue.
EIN: 210702392 · Gibbstown, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $233K |
| Total Expenses | $240K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $200,000. |
| Net Assets | $543K |
| Transparency Score | 85/100 |
Is Independent Oil Workers Of Paulsboro Nj Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Independent Oil Workers Of Paulsboro Nj directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Independent Oil Workers Of Paulsboro Nj
Independent Oil Workers Of Paulsboro Nj (EIN: 210702392) is a nonprofit organization based in Gibbstown, NJ. The organization reported total revenue of $233K and total assets of $606K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Independent Oil Workers Of Paulsboro Nj's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Independent Oil Workers Of Paulsboro Nj is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $214K |
| Total Expenses | $240K |
| Surplus / Deficit | $-25,676 |
| Total Assets | $543K |
| Net Assets | $543K |
| Operating Margin | -12.0% |
| Months of Reserves | 27.1 months |
Financial Health Grade: B
In 2023, Independent Oil Workers Of Paulsboro Nj reported a deficit of $26K with expenses exceeding revenue, holds 27.1 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Independent Oil Workers Of Paulsboro Nj's revenue has grown at a compound annual growth rate (CAGR) of -0.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.3% | +8.0% | +0.1% |
| 2022 | +4.2% | +10.2% | -10.1% |
| 2021 | -31.7% | -42.7% | +4.5% |
| 2020 | +1.7% | +15.2% | -9.4% |
| 2019 | -3.0% | -4.3% | +1.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Oil Workers Of Paulsboro Nj 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: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Independent Oil Workers Of Paulsboro Nj allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $26K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that no officers receive salaries from the organization, which is highly unusual for an organization with annual revenues exceeding $200,000.
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 Independent Oil Workers Of Paulsboro Nj's IRS 990 filings:
- Consistent operational deficits (e.g., 2023 expenses $239,961 vs. revenue $214,285)
- Lack of detailed program spending breakdown in available data
- Declining asset base over recent years (from $685,493 in 2017 to $542,727 in 2023)
Strengths
The following positive indicators were identified for Independent Oil Workers Of Paulsboro Nj:
- Zero officer compensation reported across all filings, indicating high transparency and mission focus
- Consistently reports zero liabilities, suggesting sound financial management regarding debt
- Stable asset base relative to operational size, despite recent declines
- Consistent filing history (13 filings) demonstrates commitment to compliance
Frequently Asked Questions about Independent Oil Workers Of Paulsboro Nj
Is Independent Oil Workers Of Paulsboro Nj a legitimate charity?
Independent Oil Workers Of Paulsboro Nj (EIN: 210702392) 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: $233K. 3 red flags identified. 4 strengths noted. Financial health grade: B.
How does Independent Oil Workers Of Paulsboro Nj spend its money?
Independent Oil Workers Of Paulsboro Nj directs 90% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Independent Oil Workers Of Paulsboro Nj tax-deductible?
Independent Oil Workers Of Paulsboro Nj is registered as a tax-exempt nonprofit (EIN: 210702392). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Independent Oil Workers Of Paulsboro Nj CEO make?
Independent Oil Workers Of Paulsboro Nj's highest-compensated officer earns $200,000. annually. The organization reported $233K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is Independent Oil Workers Of Paulsboro Nj located?
Independent Oil Workers Of Paulsboro Nj is headquartered in Gibbstown, New Jersey and files with the IRS under EIN 210702392.
How many years of IRS 990 filings does Independent Oil Workers Of Paulsboro Nj have?
Independent Oil Workers Of Paulsboro 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 $233K in total revenue.
Is Independent Oil Workers Of Paulsboro Nj a good charity?
Based on the available data, the organization exhibits strong financial transparency by reporting zero officer compensation and zero liabilities. However, it has frequently operated at a deficit in recent years, which could impact long-term sustainability. Without detailed program spending, it's difficult to fully assess its programmatic effectiveness, but the lack of executive pay suggests a strong commitment to its mission.
How does the organization sustain itself with consistent deficits?
The organization appears to cover its deficits by drawing down its asset base, which has decreased from a high of $685,493 in 2017 to $542,727 in 2023. The consistent reporting of zero liabilities indicates it is not incurring debt to cover these shortfalls.
What are the primary expenses of the organization?
While specific expense categories are not detailed in the provided data, the absence of officer compensation and liabilities suggests that the majority of expenses are likely related to direct program activities and essential administrative overhead required to operate the organization.
Filing History
IRS 990 filing history for Independent Oil Workers Of Paulsboro Nj showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Independent Oil Workers Of Paulsboro Nj's revenue has declined by 0.6%, moving from $216K to $214K. Total assets decreased by 68.1% over the same period, from $1.7M to $543K. Total functional expenses rose by 9.7%, from $219K to $240K. In its most recent filing year (2023), Independent Oil Workers Of Paulsboro Nj reported a deficit of $26K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $214K | $240K | $543K | $0 | — | View 990 |
| 2022 | $202K | $222K | $542K | $0 | — | View 990 |
| 2021 | $193K | $202K | $603K | $4K | — | — |
| 2020 | $283K | $352K | $577K | $2K | — | — |
| 2019 | $279K | $306K | $638K | $0 | — | View 990 |
| 2018 | $287K | $319K | $630K | $0 | — | View 990 |
| 2017 | $287K | $285K | $685K | $0 | — | View 990 |
| 2016 | $236K | $244K | $674K | $0 | — | View 990 |
| 2015 | $222K | $216K | $679K | $0 | — | View 990 |
| 2014 | $237K | $226K | $683K | $0 | — | View 990 |
| 2013 | $388K | $306K | $677K | $0 | — | View 990 |
| 2012 | $224K | $248K | $711K | $138K | — | View 990 |
| 2011 | $216K | $219K | $1.7M | $1.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $214K, expenses of $240K, and assets of $543K (revenue +6.3% year-over-year).
- 2022: Revenue of $202K, expenses of $222K, and assets of $542K (revenue +4.2% year-over-year).
- 2021: Revenue of $193K, expenses of $202K, and assets of $603K (revenue -31.7% year-over-year).
- 2020: Revenue of $283K, expenses of $352K, and assets of $577K (revenue +1.7% year-over-year).
- 2019: Revenue of $279K, expenses of $306K, and assets of $638K (revenue -3.0% year-over-year).
- 2018: Revenue of $287K, expenses of $319K, and assets of $630K (revenue +0.3% year-over-year).
- 2017: Revenue of $287K, expenses of $285K, and assets of $685K (revenue +21.2% year-over-year).
- 2016: Revenue of $236K, expenses of $244K, and assets of $674K (revenue +6.6% year-over-year).
- 2015: Revenue of $222K, expenses of $216K, and assets of $679K (revenue -6.5% year-over-year).
- 2014: Revenue of $237K, expenses of $226K, and assets of $683K (revenue -38.8% year-over-year).
- 2013: Revenue of $388K, expenses of $306K, and assets of $677K (revenue +73.2% year-over-year).
- 2012: Revenue of $224K, expenses of $248K, and assets of $711K (revenue +4.0% year-over-year).
- 2011: Revenue of $216K, expenses of $219K, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Independent Oil Workers Of Paulsboro Nj:
Data Sources and Methodology
This transparency report for Independent Oil Workers Of Paulsboro 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.