Inlet Public Private Association Inc
Inlet Public Private Association Inc: Consistent Revenue, High Program Spending
EIN: 222937095 · Atlantic City, NJ · NTEE: S31Z · Updated: 2026-04-04
About Inlet Public Private Association Inc
Inlet Public Private Association Inc (EIN: 222937095) is a nonprofit organization based in Atlantic City, NJ, classified under NTEE code S31Z. The organization reported total revenue of $791K and total assets of $607K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Inlet Public Private Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Inlet Public Private Association Inc 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: 2%
- programs: 96%
- fundraising: 2%
According to IRS 990 filings, Inlet Public Private Association Inc allocates its expenses as follows: admin: 2%, programs: 96%, fundraising: 2%. With 96% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally funded leadership 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 Inlet Public Private Association Inc's IRS 990 filings:
- Significant increase in liabilities from $12,329 in 2022 to $268,802 in 2023 without a clear explanation in the provided data.
Strengths
The following positive indicators were identified for Inlet Public Private Association Inc:
- Consistently high program spending, with 96% of expenses dedicated to programs in 2023.
- Stable revenue streams over the past several years, demonstrating financial resilience.
- Zero reported executive compensation, suggesting efficient use of funds for mission-related activities.
Frequently Asked Questions about Inlet Public Private Association Inc
What does Inlet Public Private Association Inc do?
Inlet Public Private Association Inc is a nonprofit organization in the Community Improvement sector, located in Atlantic City, New Jersey. It is classified under NTEE code S31Z.
How much revenue does Inlet Public Private Association Inc have?
Inlet Public Private Association Inc reported total revenue of $791,291. Based on 13 IRS 990 filings on record.
What are Inlet Public Private Association Inc's total assets?
Inlet Public Private Association Inc holds total assets of $606,993 as reported in IRS 990 filings.
Where is Inlet Public Private Association Inc located?
Inlet Public Private Association Inc is based in Atlantic City, New Jersey.
What is Inlet Public Private Association Inc's EIN?
Inlet Public Private Association Inc's Employer Identification Number (EIN) is 222937095. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Inlet Public Private Association Inc?
Inlet Public Private Association Inc is classified under NTEE code S31Z (Community Improvement).
Is Inlet Public Private Association Inc a registered 501(c)(3)?
Yes, Inlet Public Private Association Inc is recognized as a tax-exempt organization by the IRS. EIN: 222937095.
Does Inlet Public Private Association Inc file IRS Form 990?
Yes, Inlet Public Private Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Inlet Public Private Association Inc's revenue in 2023?
In the 202312 filing period, Inlet Public Private Association Inc reported total revenue of $264,092, total expenses of $255,577, and net assets of $571,001.
Is Inlet Public Private Association Inc's revenue growing or declining?
Inlet Public Private Association Inc's revenue is relatively stable. Revenue went from $270,018 (202212) to $264,092 (202312), a -2.2% change. Based on 13 filings on record.
What is Inlet Public Private Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Inlet Public Private Association Inc covers tax period 202312. It shows revenue of $264,092, expenses of $255,577, total assets of $571,001, and liabilities of $268,802.
How much does Inlet Public Private Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Inlet Public Private Association Inc allocates approximately 96% of expenses to program services, 2% to administrative costs, and 2% to fundraising. This indicates strong program focus.
Is Inlet Public Private Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Inlet Public Private Association Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 3 strengths noted.
What are the red flags for Inlet Public Private Association Inc?
The following concerns were identified: Significant increase in liabilities from $12,329 in 2022 to $268,802 in 2023 without a clear explanation in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Inlet Public Private Association Inc's strengths?
Positive indicators for Inlet Public Private Association Inc include: Consistently high program spending, with 96% of expenses dedicated to programs in 2023.. Stable revenue streams over the past several years, demonstrating financial resilience.. Zero reported executive compensation, suggesting efficient use of funds for mission-related activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Inlet Public Private Association Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating a volunteer-led or externally funded leadership structure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the substantial increase in liabilities from $12,329 in 2022 to $268,802 in 2023, and how does this impact the organization's long-term financial health?
The provided data does not specify the nature of this liability increase. Further review of the organization's detailed financial statements or notes to the financial statements would be necessary to understand the cause and its implications.
Filing History
IRS 990 filing history for Inlet Public Private Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Inlet Public Private Association Inc's revenue has declined by 23.7%, moving from $346K to $264K. Total assets increased by 121.4% over the same period, from $258K to $571K. Total functional expenses rose by 13.6%, from $225K to $256K. In its most recent filing year (2023), Inlet Public Private Association Inc reported a surplus of $9K, with revenue exceeding expenses. The organization holds $269K in liabilities against $571K in assets (debt-to-asset ratio: 47.1%), resulting in net assets of $302K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $264K | $256K | $571K | $269K | — | View 990 |
| 2022 | $270K | $265K | $306K | $12K | — | View 990 |
| 2021 | $298K | $239K | $303K | $15K | — | View 990 |
| 2020 | $164K | $210K | $264K | $35K | — | — |
| 2019 | $236K | $231K | $278K | $3K | — | View 990 |
| 2018 | $240K | $241K | $277K | $6K | — | View 990 |
| 2017 | $219K | $225K | $289K | $16K | — | View 990 |
| 2016 | $216K | $229K | $294K | $15K | — | View 990 |
| 2015 | $219K | $221K | $301K | $10K | — | View 990 |
| 2014 | $309K | $263K | $304K | $11K | — | View 990 |
| 2013 | $205K | $212K | $254K | $7K | — | View 990 |
| 2012 | $236K | $214K | $277K | $23K | — | View 990 |
| 2011 | $346K | $225K | $258K | $25K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $264K, expenses of $256K, and assets of $571K (revenue -2.2% year-over-year).
- 2022: Revenue of $270K, expenses of $265K, and assets of $306K (revenue -9.5% year-over-year).
- 2021: Revenue of $298K, expenses of $239K, and assets of $303K (revenue +81.4% year-over-year).
- 2020: Revenue of $164K, expenses of $210K, and assets of $264K (revenue -30.2% year-over-year).
- 2019: Revenue of $236K, expenses of $231K, and assets of $278K (revenue -1.9% year-over-year).
- 2018: Revenue of $240K, expenses of $241K, and assets of $277K (revenue +9.4% year-over-year).
- 2017: Revenue of $219K, expenses of $225K, and assets of $289K (revenue +1.4% year-over-year).
- 2016: Revenue of $216K, expenses of $229K, and assets of $294K (revenue -1.1% year-over-year).
- 2015: Revenue of $219K, expenses of $221K, and assets of $301K (revenue -29.1% year-over-year).
- 2014: Revenue of $309K, expenses of $263K, and assets of $304K (revenue +50.6% year-over-year).
- 2013: Revenue of $205K, expenses of $212K, and assets of $254K (revenue -13.0% year-over-year).
- 2012: Revenue of $236K, expenses of $214K, and assets of $277K (revenue -31.9% year-over-year).
- 2011: Revenue of $346K, expenses of $225K, and assets of $258K.
Data Sources and Methodology
This transparency report for Inlet Public Private Association 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.