Insurance Council Of New Jersey Inc
Insurance Council Of New Jersey Inc: Stable Finances, Limited Public Information
EIN: 222233048 · Trenton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $991K |
| Total Expenses | $790K |
| Program Spending | 75% |
| Net Assets | $1.4M |
| Transparency Score | 65/100 |
Is Insurance Council Of New Jersey Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Insurance Council Of New Jersey Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Insurance Council Of New Jersey Inc
Insurance Council Of New Jersey Inc (EIN: 222233048) is a nonprofit organization based in Trenton, NJ. The organization reported total revenue of $991K and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Insurance Council Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Insurance Council Of New Jersey Inc is a small nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $918K |
| Total Expenses | $790K |
| Surplus / Deficit | +$129K |
| Total Assets | $1.8M |
| Total Liabilities | $362K |
| Net Assets | $1.4M |
| Operating Margin | 14.0% |
| Debt-to-Asset Ratio | 20.3% |
| Months of Reserves | 27.0 months |
Financial Health Grade: A
In 2023, Insurance Council Of New Jersey Inc reported a surplus of $129K with revenue exceeding expenses, holds 27.0 months of operating reserves (strong position), has a debt-to-asset ratio of 20.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Insurance Council Of New Jersey Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.3% | -0.4% | +5.5% |
| 2022 | -14.9% | -21.6% | +5.0% |
| 2021 | +30.6% | +39.5% | -7.0% |
| 2020 | -33.2% | -31.4% | +1.1% |
| 2019 | -4.0% | -2.2% | +10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
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 Insurance Council Of New Jersey Inc with a Mission Score of 65 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Insurance Council Of New Jersey Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 surplus of $129K, with revenue exceeding expenses.
- Debt-to-asset ratio: 20.3%.
Executive Compensation Analysis
Executive compensation information is not publicly disclosed in the provided data, preventing a comprehensive assessment.
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 Insurance Council Of New Jersey Inc's IRS 990 filings:
- Lack of detailed program information and impact reporting on their website.
- Absence of publicly available executive compensation details.
Strengths
The following positive indicators were identified for Insurance Council Of New Jersey Inc:
- Consistently positive net assets over the past several years, indicating financial stability.
- Revenue generally exceeds expenses, demonstrating sound financial management.
Frequently Asked Questions about Insurance Council Of New Jersey Inc
Is Insurance Council Of New Jersey Inc a legitimate charity?
Insurance Council Of New Jersey Inc (EIN: 222233048) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $991K. 2 red flags identified. 2 strengths noted. Financial health grade: A.
How does Insurance Council Of New Jersey Inc spend its money?
Insurance Council Of New Jersey Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Insurance Council Of New Jersey Inc tax-deductible?
Insurance Council Of New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 222233048). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Insurance Council Of New Jersey Inc's spending goes to programs?
Insurance Council Of New Jersey Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Insurance Council Of New Jersey Inc located?
Insurance Council Of New Jersey Inc is headquartered in Trenton, New Jersey and files with the IRS under EIN 222233048.
How many years of IRS 990 filings does Insurance Council Of New Jersey Inc have?
Insurance Council Of New Jersey 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 $991K in total revenue.
What does Insurance Council Of New Jersey Inc do?
Insurance Council Of New Jersey Inc is a nonprofit organization in the Unknown sector, located in Trenton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Insurance Council Of New Jersey Inc have?
Insurance Council Of New Jersey Inc reported total revenue of $991,280. Based on 13 IRS 990 filings on record.
What are Insurance Council Of New Jersey Inc's total assets?
Insurance Council Of New Jersey Inc holds total assets of $1,954,167 as reported in IRS 990 filings.
Where is Insurance Council Of New Jersey Inc located?
Insurance Council Of New Jersey Inc is based in Trenton, New Jersey.
What is Insurance Council Of New Jersey Inc's EIN?
Insurance Council Of New Jersey Inc's Employer Identification Number (EIN) is 222233048. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Insurance Council Of New Jersey Inc?
Insurance Council Of New Jersey Inc is classified under NTEE code Unknown (Unknown).
Is Insurance Council Of New Jersey Inc a registered 501(c)(3)?
Insurance Council Of New Jersey Inc appears in IRS records (EIN: 222233048). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Insurance Council Of New Jersey Inc file IRS Form 990?
Yes, Insurance Council Of New Jersey Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Insurance Council Of New Jersey Inc's revenue in 2023?
In the 202312 filing period, Insurance Council Of New Jersey Inc reported total revenue of $918,406, total expenses of $789,656, and net assets of $1,779,021.
Is Insurance Council Of New Jersey Inc's revenue growing or declining?
Insurance Council Of New Jersey Inc's revenue is growing. Revenue went from $847,870 (202212) to $918,406 (202312), a +8.3% change. Based on 13 filings on record.
What is Insurance Council Of New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Insurance Council Of New Jersey Inc covers tax period 202312. It shows revenue of $918,406, expenses of $789,656, total assets of $1,779,021, and liabilities of $361,962.
How much does Insurance Council Of New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Insurance Council Of New Jersey Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Insurance Council Of New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Insurance Council Of New Jersey Inc shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Insurance Council Of New Jersey Inc?
The following concerns were identified: Lack of detailed program information and impact reporting on their website.. Absence of publicly available executive compensation details.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Insurance Council Of New Jersey Inc's strengths?
Positive indicators for Insurance Council Of New Jersey Inc include: Consistently positive net assets over the past several years, indicating financial stability.. Revenue generally exceeds expenses, demonstrating sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Insurance Council Of New Jersey Inc compensate executives?
Executive compensation information is not publicly disclosed in the provided data, preventing a comprehensive assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What specific programs or initiatives does the Insurance Council Of New Jersey Inc undertake to fulfill its mission?
The provided data does not detail specific programs or initiatives. Further investigation into their operational activities would be required to understand their mission fulfillment beyond financial metrics.
Filing History
IRS 990 filing history for Insurance Council Of New Jersey Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Insurance Council Of New Jersey Inc's revenue has grown by 16.7%, moving from $787K to $918K. Total assets increased by 256.7% over the same period, from $499K to $1.8M. Total functional expenses rose by 1.9%, from $775K to $790K. In its most recent filing year (2023), Insurance Council Of New Jersey Inc reported a surplus of $129K, with revenue exceeding expenses. The organization holds $362K in liabilities against $1.8M in assets (debt-to-asset ratio: 20.3%), resulting in net assets of $1.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $918K | $790K | $1.8M | $362K | — | View 990 |
| 2022 | $848K | $793K | $1.7M | $423K | — | View 990 |
| 2021 | $997K | $1.0M | $1.6M | $271K | — | View 990 |
| 2020 | $763K | $724K | $1.7M | $325K | — | — |
| 2019 | $1.1M | $1.1M | $1.7M | $372K | — | View 990 |
| 2018 | $1.2M | $1.1M | $1.6M | $282K | — | View 990 |
| 2017 | $792K | $657K | $1.5M | $388K | — | View 990 |
| 2016 | $790K | $626K | $1.4M | $350K | — | View 990 |
| 2015 | $768K | $592K | $1.3M | $373K | — | View 990 |
| 2014 | $762K | $563K | $1.0M | $297K | — | View 990 |
| 2013 | $777K | $664K | $930K | $386K | — | View 990 |
| 2012 | $775K | $687K | $613K | $178K | — | View 990 |
| 2011 | $787K | $775K | $499K | $172K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $918K, expenses of $790K, and assets of $1.8M (revenue +8.3% year-over-year).
- 2022: Revenue of $848K, expenses of $793K, and assets of $1.7M (revenue -14.9% year-over-year).
- 2021: Revenue of $997K, expenses of $1.0M, and assets of $1.6M (revenue +30.6% year-over-year).
- 2020: Revenue of $763K, expenses of $724K, and assets of $1.7M (revenue -33.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.1M, and assets of $1.7M (revenue -4.0% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.1M, and assets of $1.6M (revenue +50.4% year-over-year).
- 2017: Revenue of $792K, expenses of $657K, and assets of $1.5M (revenue +0.3% year-over-year).
- 2016: Revenue of $790K, expenses of $626K, and assets of $1.4M (revenue +2.8% year-over-year).
- 2015: Revenue of $768K, expenses of $592K, and assets of $1.3M (revenue +0.8% year-over-year).
- 2014: Revenue of $762K, expenses of $563K, and assets of $1.0M (revenue -1.9% year-over-year).
- 2013: Revenue of $777K, expenses of $664K, and assets of $930K (revenue +0.3% year-over-year).
- 2012: Revenue of $775K, expenses of $687K, and assets of $613K (revenue -1.5% year-over-year).
- 2011: Revenue of $787K, expenses of $775K, and assets of $499K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Insurance Council Of New Jersey Inc:
Data Sources and Methodology
This transparency report for Insurance Council Of New Jersey 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.