Kings Cove Neighborhood Association Inc
Kings Cove Neighborhood Association: Consistent Revenue, Fluctuating Expenses
EIN: 223097463 · Atlantic City, NJ · Updated: 2026-04-04
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.
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.
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
What does Kings Cove Neighborhood Association Inc do?
Kings Cove Neighborhood Association Inc is a nonprofit organization in the Unknown sector, located in Atlantic City, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Kings Cove Neighborhood Association Inc have?
Kings Cove Neighborhood Association Inc reported total revenue of $150,308. Based on 12 IRS 990 filings on record.
What are Kings Cove Neighborhood Association Inc's total assets?
Kings Cove Neighborhood Association Inc holds total assets of $94,477 as reported in IRS 990 filings.
Where is Kings Cove Neighborhood Association Inc located?
Kings Cove Neighborhood Association Inc is based in Atlantic City, New Jersey.
What is Kings Cove Neighborhood Association Inc's EIN?
Kings Cove Neighborhood Association Inc's Employer Identification Number (EIN) is 223097463. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Kings Cove Neighborhood Association Inc?
Kings Cove Neighborhood Association Inc is classified under NTEE code Unknown (Unknown).
Is Kings Cove Neighborhood Association Inc a registered 501(c)(3)?
Kings Cove Neighborhood Association Inc appears in IRS records (EIN: 223097463). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Kings Cove Neighborhood Association Inc file IRS Form 990?
Yes, Kings Cove Neighborhood Association Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202402.
What was Kings Cove Neighborhood Association Inc's revenue in 2024?
In the 202402 filing period, Kings Cove Neighborhood Association Inc reported total revenue of $148,653, total expenses of $143,079, and net assets of $87,677.
Is Kings Cove Neighborhood Association Inc's revenue growing or declining?
Kings Cove Neighborhood Association Inc's revenue is relatively stable. Revenue went from $146,061 (202302) to $148,653 (202402), a +1.8% change. Based on 12 filings on record.
What is Kings Cove Neighborhood Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Kings Cove Neighborhood Association Inc covers tax period 202402. It shows revenue of $148,653, expenses of $143,079, total assets of $87,677, and liabilities of $1,399.
How much does Kings Cove Neighborhood Association Inc spend on programs vs administration?
Based on IRS 990 analysis, Kings Cove Neighborhood Association Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Kings Cove Neighborhood Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Kings Cove Neighborhood Association Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Kings Cove Neighborhood Association Inc?
The following concerns were identified: 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.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Kings Cove Neighborhood Association Inc's strengths?
Positive indicators for Kings Cove Neighborhood Association Inc include: 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.. These findings are derived from AI analysis of the organization's financial filings.
How does Kings Cove Neighborhood Association Inc compensate executives?
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 disclosure of officer, director, and key employee pay.
How transparent is Kings Cove Neighborhood Association Inc?
• The organization consistently reports 0% compensation for its highest-paid employees, suggesting a volunteer-led or very low-paid leadership structure. • Liabilities have remained relatively low and stable over the past several years, indicating sound financial management. • The organization's assets have fluctuated, with a notable decrease from $134,005 in 2017 to $87,677 in 2024. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 for executive compensation, what is the operational model that sustains the organization's activities and management?
The consistent $0 executive compensation suggests that the Kings Cove Neighborhood Association Inc. is primarily run by volunteers or that any paid staff's compensation falls below the IRS reporting threshold for highly compensated employees. This model relies heavily on community engagement and volunteer efforts for its operations.
What factors contributed to the significant decrease in assets from $134,005 in 2017 to $87,677 in 2024, and how does this impact the organization's financial resilience?
The decrease in assets could be due to several factors, including capital expenditures, operating deficits in certain years (where expenses exceeded revenue), or a strategic decision to utilize reserves for specific projects. This decline reduces the organization's financial cushion and its ability to withstand unexpected financial challenges or fund future initiatives without external support.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $149K | $143K | $88K | $1K | — | — |
| 2023 | $146K | $153K | $82K | $1K | — | — |
| 2022 | $118K | $129K | $90K | $2K | — | View 990 |
| 2021 | $118K | $110K | $107K | $3K | — | — |
| 2020 | $120K | $115K | $98K | $3K | — | View 990 |
| 2019 | $102K | $136K | $92K | $2K | — | View 990 |
| 2018 | $103K | $107K | $131K | $7K | — | View 990 |
| 2017 | $104K | $100K | $134K | $7K | — | View 990 |
| 2016 | $103K | $112K | $132K | $9K | — | View 990 |
| 2015 | $102K | $95K | $140K | $7K | — | View 990 |
| 2014 | $102K | $104K | $170K | $44K | — | View 990 |
| 2012 | $103K | $105K | $157K | $37K | — | View 990 |
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.
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.