Kings Cove Neighborhood Association Inc

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Kings Cove Neighborhood Association Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Kings Cove Neighborhood Association Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Kings Cove Neighborhood Association Inc in one place.

Is Kings Cove Neighborhood Association Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

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Across stored filings, Kings Cove Neighborhood Association Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Turn this Form 990 profile into a donor-ready report

Request a concise report for Kings Cove Neighborhood Association Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Kings Cove Neighborhood Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Kings Cove Neighborhood Association Inc

Kings Cove Neighborhood Association Inc (EIN: 223097463) is a nonprofit organization based in Atlantic City, NJ. The organization reported total revenue of $150K and total assets of $94K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Kings Cove Neighborhood Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Kings Cove Neighborhood Association Inc is a small nonprofit that has been operating for 34 years, with 12 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 3.1%.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2024, Kings Cove Neighborhood Association Inc reported a surplus of $6K with revenue exceeding expenses, holds 7.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.6% (very low leverage).

Financial Trends

Over 12 years of filings (2012–2024), Kings Cove Neighborhood Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.1%.

IRS Tax-Exempt Classification

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 Kings Cove Neighborhood 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: 20%
• programs: 70%
• fundraising: 10%

According to IRS 990 filings, Kings Cove Neighborhood Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2024)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $6K, with revenue exceeding expenses.
• Debt-to-asset ratio: 1.6%.

Executive Compensation Analysis

Executive compensation is consistently reported as $0, indicating a volunteer-driven leadership or that compensation falls below reporting thresholds.

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 Kings Cove Neighborhood Association Inc's IRS 990 filings:

• Total expenses have exceeded revenue in several years (e.g., 2023: $153,080 expenses vs. $146,061 revenue; 2019: $135,968 expenses vs. $102,432 revenue), potentially drawing down reserves.
• The decline in assets from $134,005 in 2017 to $87,677 in 2024 warrants further investigation into the cause and impact on long-term sustainability.

Strengths

The following positive indicators were identified for Kings Cove Neighborhood Association Inc:

• Consistent revenue generation over the past seven years, averaging around $118,000 annually.
• Low reported liabilities, consistently below $3,000, suggesting minimal debt.
• Consistent reporting of $0 executive compensation indicates a strong volunteer base or highly efficient operational model.

Frequently Asked Questions about Kings Cove Neighborhood Association Inc

Filing History

IRS 990 filing history for Kings Cove Neighborhood Association Inc showing financial trends over 12 years of public records:

Over 12 years of IRS 990 filings (2012–2024), Kings Cove Neighborhood Association Inc's revenue has grown by 45%, moving from $103K to $149K. Total assets decreased by 44.3% over the same period, from $157K to $88K. Total functional expenses rose by 36.5%, from $105K to $143K. In its most recent filing year (2024), Kings Cove Neighborhood Association Inc reported a surplus of $6K, with revenue exceeding expenses. The organization holds $1K in liabilities against $88K in assets (debt-to-asset ratio: 1.6%), resulting in net assets of $86K.

Year-by-Year Financial Summary

• 2024: Revenue of $149K, expenses of $143K, and assets of $88K (revenue +1.8% year-over-year).
• 2023: Revenue of $146K, expenses of $153K, and assets of $82K (revenue +23.7% year-over-year).
• 2022: Revenue of $118K, expenses of $129K, and assets of $90K (revenue -0.2% year-over-year).
• 2021: Revenue of $118K, expenses of $110K, and assets of $107K (revenue -1.5% year-over-year).
• 2020: Revenue of $120K, expenses of $115K, and assets of $98K (revenue +17.3% year-over-year).
• 2019: Revenue of $102K, expenses of $136K, and assets of $92K (revenue -0.6% year-over-year).
• 2018: Revenue of $103K, expenses of $107K, and assets of $131K (revenue -0.7% year-over-year).
• 2017: Revenue of $104K, expenses of $100K, and assets of $134K (revenue +0.6% year-over-year).
• 2016: Revenue of $103K, expenses of $112K, and assets of $132K (revenue +0.8% year-over-year).
• 2015: Revenue of $102K, expenses of $95K, and assets of $140K (revenue +0.5% year-over-year).
• 2014: Revenue of $102K, expenses of $104K, and assets of $170K (revenue -0.6% year-over-year).
• 2012: Revenue of $103K, expenses of $105K, and assets of $157K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Kings Cove Neighborhood Association Inc:

Data Sources and Methodology

This transparency report for Kings Cove Neighborhood 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.