Jersey City Employment & Training Program Inc
Jersey City Employment & Training Program: Declining Revenue and Significant Deficits Raise Concerns
EIN: 222602714 · Jersey City, NJ · NTEE: J20Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.2M |
| Total Expenses | $3.0M |
| Program Spending | 70% |
| Net Assets | $78K |
| Transparency Score | 65/100 |
Is Jersey City Employment & Training Program Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jersey City Employment & Training Program Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Jersey City Employment & Training Program Inc
Jersey City Employment & Training Program Inc (EIN: 222602714) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code J20Z. The organization reported total revenue of $2.2M and total assets of $821K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jersey City Employment & Training Program Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jersey City Employment & Training Program Inc is a mid-size nonprofit that has been operating for 28 years, with 8 years of IRS 990 filings on record (2012–2019). Revenue has grown at a compound annual rate of -10.4%.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.2M |
| Total Expenses | $3.0M |
| Surplus / Deficit | $-863,342 |
| Total Assets | $821K |
| Total Liabilities | $742K |
| Net Assets | $78K |
| Operating Margin | -40.1% |
| Debt-to-Asset Ratio | 90.5% |
| Months of Reserves | 3.3 months |
Financial Health Grade: C
In 2019, Jersey City Employment & Training Program Inc reported a deficit of $863K with expenses exceeding revenue, holds 3.3 months of operating reserves (adequate), has a debt-to-asset ratio of 90.5% (high leverage).
Financial Trends
Over 8 years of filings (2012–2019), Jersey City Employment & Training Program Inc's revenue has declined at a compound annual growth rate (CAGR) of -10.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2019 | -43.2% | -24.0% | -54.6% |
| 2018 | -31.2% | -19.5% | +2.7% |
| 2017 | +12.8% | -2.3% | +1099.6% |
| 2016 | +13.9% | +16.9% | -25.7% |
| 2015 | +5.0% | +9.0% | +105.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1998 |
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 Jersey City Employment & Training Program 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: 70%
- fundraising: 15%
According to IRS 990 filings, Jersey City Employment & Training Program Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2019)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $863K, with expenses exceeding revenue.
- Debt-to-asset ratio: 90.5%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific compensation figures, as the provided data only includes revenue, expenses, and assets.
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 Jersey City Employment & Training Program Inc's IRS 990 filings:
- Consistent and significant operating deficits across multiple years, indicating unsustainable financial practices.
- Sharp decline in revenue from $5,505,742 in 2017 to $2,150,826 in 2019, suggesting potential funding issues or program scaling back.
- Net assets have decreased substantially from $1,806,540 in 2018 to $820,694 in 2019, eroding financial stability.
Strengths
The following positive indicators were identified for Jersey City Employment & Training Program Inc:
- Long-standing presence in Jersey City since at least 2012, indicating a history of community engagement.
Frequently Asked Questions about Jersey City Employment & Training Program Inc
Is Jersey City Employment & Training Program Inc a legitimate charity?
Jersey City Employment & Training Program Inc (EIN: 222602714) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 8 years of IRS 990 filings on record. Total revenue: $2.2M. 3 red flags identified. 1 strength noted. Financial health grade: C.
How does Jersey City Employment & Training Program Inc spend its money?
Jersey City Employment & Training Program Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Jersey City Employment & Training Program Inc tax-deductible?
Jersey City Employment & Training Program Inc is registered as a tax-exempt nonprofit (EIN: 222602714). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Jersey City Employment & Training Program Inc's spending goes to programs?
Jersey City Employment & Training Program Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Jersey City Employment & Training Program Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Jersey City Employment & Training Program Inc is above average for NTEE category J20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Jersey City Employment & Training Program Inc located?
Jersey City Employment & Training Program Inc is headquartered in Jersey City, New Jersey and files with the IRS under EIN 222602714. It is classified under NTEE code J20Z.
How many years of IRS 990 filings does Jersey City Employment & Training Program Inc have?
Jersey City Employment & Training Program Inc has 8 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 $2.2M in total revenue.
What does Jersey City Employment & Training Program Inc do?
Jersey City Employment & Training Program Inc is a nonprofit organization in the Employment sector, located in Jersey City, New Jersey. It is classified under NTEE code J20Z.
How much revenue does Jersey City Employment & Training Program Inc have?
Jersey City Employment & Training Program Inc reported total revenue of $2,150,826. Based on 8 IRS 990 filings on record.
What are Jersey City Employment & Training Program Inc's total assets?
Jersey City Employment & Training Program Inc holds total assets of $820,694 as reported in IRS 990 filings.
Where is Jersey City Employment & Training Program Inc located?
Jersey City Employment & Training Program Inc is based in Jersey City, New Jersey.
What is Jersey City Employment & Training Program Inc's EIN?
Jersey City Employment & Training Program Inc's Employer Identification Number (EIN) is 222602714. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Jersey City Employment & Training Program Inc?
Jersey City Employment & Training Program Inc is classified under NTEE code J20Z (Employment).
Is Jersey City Employment & Training Program Inc a registered 501(c)(3)?
Yes, Jersey City Employment & Training Program Inc is recognized as a tax-exempt organization by the IRS. EIN: 222602714.
Does Jersey City Employment & Training Program Inc file IRS Form 990?
Yes, Jersey City Employment & Training Program Inc has 8 IRS Form 990 filings on record. The most recent covers tax period 201906.
What was Jersey City Employment & Training Program Inc's revenue in 2019?
In the 201906 filing period, Jersey City Employment & Training Program Inc reported total revenue of $2,150,826, total expenses of $3,014,168, and net assets of $820,694.
Is Jersey City Employment & Training Program Inc's revenue growing or declining?
Jersey City Employment & Training Program Inc's revenue is declining. Revenue went from $3,786,071 (201806) to $2,150,826 (201906), a -43.2% change. Based on 8 filings on record.
What is Jersey City Employment & Training Program Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Jersey City Employment & Training Program Inc covers tax period 201906. It shows revenue of $2,150,826, expenses of $3,014,168, total assets of $820,694, and liabilities of $742,393.
How much does Jersey City Employment & Training Program Inc spend on programs vs administration?
Based on IRS 990 analysis, Jersey City Employment & Training Program Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Jersey City Employment & Training Program Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Jersey City Employment & Training Program Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for Jersey City Employment & Training Program Inc?
The following concerns were identified: Consistent and significant operating deficits across multiple years, indicating unsustainable financial practices.. Sharp decline in revenue from $5,505,742 in 2017 to $2,150,826 in 2019, suggesting potential funding issues or program scaling back.. Net assets have decreased substantially from $1,806,540 in 2018 to $820,694 in 2019, eroding financial stability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Jersey City Employment & Training Program Inc's strengths?
Positive indicators for Jersey City Employment & Training Program Inc include: Long-standing presence in Jersey City since at least 2012, indicating a history of community engagement.. These findings are derived from AI analysis of the organization's financial filings.
How does Jersey City Employment & Training Program Inc compensate executives?
Executive compensation cannot be assessed without specific compensation figures, as the provided data only includes revenue, expenses, and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Jersey City Employment & Training Program Inc?
- Financial statements show consistent operating deficits, with expenses exceeding revenue in multiple years. For example, in 2019, expenses were $3,014,168 against revenue of $2,150,826. - The organization's net assets have significantly decreased over time, from $1,806,540 in 2018 to $820,694 in 2019. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the dramatic decline in revenue from over $5.5 million in 2017 to $2.1 million in 2019?
The provided data does not specify the reasons for the revenue decline, but it could be due to loss of major grants, changes in funding priorities, or reduced program activity.
How does the organization plan to address its consistent operating deficits and rebuild its net assets?
The data indicates a pattern of spending exceeding revenue. Without further information, it's unclear what strategies are in place to achieve financial sustainability and reverse the trend of declining assets.
Filing History
IRS 990 filing history for Jersey City Employment & Training Program Inc showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2012–2019), Jersey City Employment & Training Program Inc's revenue has declined by 53.8%, moving from $4.7M to $2.2M. Total assets increased by 2132.8% over the same period, from $37K to $821K. Total functional expenses fell by 32.4%, from $4.5M to $3.0M. In its most recent filing year (2019), Jersey City Employment & Training Program Inc reported a deficit of $863K, with expenses exceeding revenue. The organization holds $742K in liabilities against $821K in assets (debt-to-asset ratio: 90.5%), resulting in net assets of $78K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2019 | $2.2M | $3.0M | $821K | $742K | — | — |
| 2018 | $3.8M | $4.0M | $1.8M | $865K | — | View 990 |
| 2017 | $5.5M | $4.9M | $1.8M | $641K | — | View 990 |
| 2016 | $4.9M | $5.0M | $147K | $526K | — | View 990 |
| 2015 | $4.3M | $4.3M | $198K | $418K | — | View 990 |
| 2014 | $4.1M | $4.0M | $96K | $460K | — | View 990 |
| 2013 | $3.9M | $4.1M | $57K | $547K | — | View 990 |
| 2012 | $4.7M | $4.5M | $37K | $254K | — | View 990 |
Year-by-Year Financial Summary
- 2019: Revenue of $2.2M, expenses of $3.0M, and assets of $821K (revenue -43.2% year-over-year).
- 2018: Revenue of $3.8M, expenses of $4.0M, and assets of $1.8M (revenue -31.2% year-over-year).
- 2017: Revenue of $5.5M, expenses of $4.9M, and assets of $1.8M (revenue +12.8% year-over-year).
- 2016: Revenue of $4.9M, expenses of $5.0M, and assets of $147K (revenue +13.9% year-over-year).
- 2015: Revenue of $4.3M, expenses of $4.3M, and assets of $198K (revenue +5.0% year-over-year).
- 2014: Revenue of $4.1M, expenses of $4.0M, and assets of $96K (revenue +5.5% year-over-year).
- 2013: Revenue of $3.9M, expenses of $4.1M, and assets of $57K (revenue -16.9% year-over-year).
- 2012: Revenue of $4.7M, expenses of $4.5M, and assets of $37K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jersey City Employment & Training Program Inc:
Data Sources and Methodology
This transparency report for Jersey City Employment & Training Program 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.