Italian Amer Assoc Of The Township
Italian American Assoc of the Township: Strong Assets, Inconsistent Revenue
EIN: 222168137 · Ocean, NJ · Updated: 2026-04-04
Is Italian Amer Assoc Of The Township Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Italian Amer Assoc Of The Township directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Italian Amer Assoc Of The Township
Italian Amer Assoc Of The Township (EIN: 222168137) is a nonprofit organization based in Ocean, NJ. The organization reported total revenue of $679K and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Italian Amer Assoc Of The Township'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 Italian Amer Assoc Of The Township 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Italian Amer Assoc Of The Township allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is not reported in the provided data, indicating it is likely below the $150,000 threshold for mandatory disclosure.
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 Italian Amer Assoc Of The Township's IRS 990 filings:
- Revenue has fluctuated significantly, from a high of $589,477 in 2019 to a low of $109,656 in 2020, raising questions about financial stability.
- The organization reported a loss of $173,728 in 2020, which is a substantial portion of its revenue for that year.
Strengths
The following positive indicators were identified for Italian Amer Assoc Of The Township:
- Consistently strong asset base, growing from $1,918,656 in 2016 to $2,335,764 in 2023.
- Low liability-to-asset ratio, indicating good financial health and minimal debt burden.
- Consistent positive net assets over the entire period.
Frequently Asked Questions about Italian Amer Assoc Of The Township
Is Italian Amer Assoc Of The Township a legitimate charity?
Based on AI analysis of IRS 990 filings, Italian Amer Assoc Of The Township (EIN: 222168137) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Italian Amer Assoc Of The Township spend its money?
Italian Amer Assoc Of The Township directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Italian Amer Assoc Of The Township tax-deductible?
Italian Amer Assoc Of The Township is registered as a tax-exempt nonprofit (EIN: 222168137). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Italian Amer Assoc Of The Township do?
Italian Amer Assoc Of The Township is a nonprofit organization in the Unknown sector, located in Ocean, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Italian Amer Assoc Of The Township have?
Italian Amer Assoc Of The Township reported total revenue of $678,681. Based on 13 IRS 990 filings on record.
What are Italian Amer Assoc Of The Township's total assets?
Italian Amer Assoc Of The Township holds total assets of $2,344,835 as reported in IRS 990 filings.
Where is Italian Amer Assoc Of The Township located?
Italian Amer Assoc Of The Township is based in Ocean, New Jersey.
What is Italian Amer Assoc Of The Township's EIN?
Italian Amer Assoc Of The Township's Employer Identification Number (EIN) is 222168137. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Italian Amer Assoc Of The Township?
Italian Amer Assoc Of The Township is classified under NTEE code Unknown (Unknown).
Is Italian Amer Assoc Of The Township a registered 501(c)(3)?
Italian Amer Assoc Of The Township appears in IRS records (EIN: 222168137). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Italian Amer Assoc Of The Township file IRS Form 990?
Yes, Italian Amer Assoc Of The Township has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Italian Amer Assoc Of The Township's revenue in 2023?
In the 202312 filing period, Italian Amer Assoc Of The Township reported total revenue of $515,122, total expenses of $417,556, and net assets of $2,335,764.
Is Italian Amer Assoc Of The Township's revenue growing or declining?
Italian Amer Assoc Of The Township's revenue is declining. Revenue went from $548,108 (202212) to $515,122 (202312), a -6.0% change. Based on 13 filings on record.
What is Italian Amer Assoc Of The Township's most recent 990 filing?
The most recent IRS Form 990 filing for Italian Amer Assoc Of The Township covers tax period 202312. It shows revenue of $515,122, expenses of $417,556, total assets of $2,335,764, and liabilities of $37,796.
How much does Italian Amer Assoc Of The Township spend on programs vs administration?
Based on IRS 990 analysis, Italian Amer Assoc Of The Township allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Italian Amer Assoc Of The Township a trustworthy charity?
Based on AI analysis of IRS 990 data, Italian Amer Assoc Of The Township appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Italian Amer Assoc Of The Township?
The following concerns were identified: Revenue has fluctuated significantly, from a high of $589,477 in 2019 to a low of $109,656 in 2020, raising questions about financial stability.. The organization reported a loss of $173,728 in 2020, which is a substantial portion of its revenue for that year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Italian Amer Assoc Of The Township's strengths?
Positive indicators for Italian Amer Assoc Of The Township include: Consistently strong asset base, growing from $1,918,656 in 2016 to $2,335,764 in 2023.. Low liability-to-asset ratio, indicating good financial health and minimal debt burden.. Consistent positive net assets over the entire period.. These findings are derived from AI analysis of the organization's financial filings.
How does Italian Amer Assoc Of The Township compensate executives?
Executive compensation is not reported in the provided data, indicating it is likely below the $150,000 threshold for mandatory disclosure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Italian Amer Assoc Of The Township?
• Financial filings are consistently available for review. • The organization's mission and activities are clearly stated. • No specific program outcome metrics are readily available in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the significant revenue dip in 2020 ($109,656) and subsequent recovery, what specific strategies were implemented to navigate the financial challenges of that year and what lessons were learned?
The provided data does not detail specific strategies, but the recovery in subsequent years suggests effective adaptation or a return to normal operating conditions. Further inquiry into their 2020 operational adjustments would be beneficial.
With total assets consistently above $2 million, how does the organization leverage these assets to further its mission, beyond operational expenses?
The data shows a strong asset base, but it doesn't specify how these assets are utilized for program expansion or long-term sustainability initiatives. Understanding their investment strategy or asset deployment for mission-related impact would provide deeper insight.
Filing History
IRS 990 filing history for Italian Amer Assoc Of The Township showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Italian Amer Assoc Of The Township's revenue has grown by 245.2%, moving from $149K to $515K. Total assets increased by 77.8% over the same period, from $1.3M to $2.3M. Total functional expenses rose by 221.5%, from $130K to $418K. In its most recent filing year (2023), Italian Amer Assoc Of The Township reported a surplus of $98K, with revenue exceeding expenses. The organization holds $38K in liabilities against $2.3M in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $2.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $515K | $418K | $2.3M | $38K | — | — |
| 2022 | $548K | $363K | $2.2M | $35K | — | View 990 |
| 2021 | $403K | $278K | $2.0M | $29K | — | View 990 |
| 2020 | $110K | $133K | $2.1M | $174K | — | — |
| 2019 | $589K | $440K | $2.2M | $248K | — | — |
| 2018 | $507K | $380K | $2.1M | $316K | — | View 990 |
| 2017 | $516K | $441K | $2.0M | $342K | — | — |
| 2016 | $485K | $410K | $1.9M | $374K | — | View 990 |
| 2015 | $675K | $504K | $1.9M | $423K | — | View 990 |
| 2014 | $564K | $519K | $1.4M | $147K | — | View 990 |
| 2013 | $536K | $464K | $1.4M | $161K | — | View 990 |
| 2012 | $180K | $127K | $1.4M | $172K | — | View 990 |
| 2011 | $149K | $130K | $1.3M | $186K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $515K, expenses of $418K, and assets of $2.3M (revenue -6.0% year-over-year).
- 2022: Revenue of $548K, expenses of $363K, and assets of $2.2M (revenue +36.0% year-over-year).
- 2021: Revenue of $403K, expenses of $278K, and assets of $2.0M (revenue +267.5% year-over-year).
- 2020: Revenue of $110K, expenses of $133K, and assets of $2.1M (revenue -81.4% year-over-year).
- 2019: Revenue of $589K, expenses of $440K, and assets of $2.2M (revenue +16.4% year-over-year).
- 2018: Revenue of $507K, expenses of $380K, and assets of $2.1M (revenue -1.8% year-over-year).
- 2017: Revenue of $516K, expenses of $441K, and assets of $2.0M (revenue +6.2% year-over-year).
- 2016: Revenue of $485K, expenses of $410K, and assets of $1.9M (revenue -28.1% year-over-year).
- 2015: Revenue of $675K, expenses of $504K, and assets of $1.9M (revenue +19.7% year-over-year).
- 2014: Revenue of $564K, expenses of $519K, and assets of $1.4M (revenue +5.1% year-over-year).
- 2013: Revenue of $536K, expenses of $464K, and assets of $1.4M (revenue +197.4% year-over-year).
- 2012: Revenue of $180K, expenses of $127K, and assets of $1.4M (revenue +20.8% year-over-year).
- 2011: Revenue of $149K, expenses of $130K, and assets of $1.3M.
Data Sources and Methodology
This transparency report for Italian Amer Assoc Of The Township 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.