Laurel Memorial Park Inc
Laurel Memorial Park Inc: Stable Finances, High Program Spending
EIN: 222383073 · Ventnor, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $820K |
| Total Expenses | $693K |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $634K |
| Transparency Score | 75/100 |
Is Laurel Memorial Park Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Laurel Memorial Park Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Laurel Memorial Park Inc
Laurel Memorial Park Inc (EIN: 222383073) is a nonprofit organization based in Ventnor, NJ. The organization reported total revenue of $820K and total assets of $844K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Laurel Memorial Park Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Laurel Memorial Park Inc is a small nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $764K |
| Total Expenses | $693K |
| Surplus / Deficit | +$72K |
| Total Assets | $884K |
| Total Liabilities | $250K |
| Net Assets | $634K |
| Operating Margin | 9.4% |
| Debt-to-Asset Ratio | 28.3% |
| Months of Reserves | 15.3 months |
Financial Health Grade: A
In 2023, Laurel Memorial Park Inc reported a surplus of $72K with revenue exceeding expenses, holds 15.3 months of operating reserves (strong position), has a debt-to-asset ratio of 28.3% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Laurel Memorial Park Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +4.1% | +8.3% | +9.5% |
| 2022 | -2.6% | -8.4% | +3.4% |
| 2021 | +29.2% | +46.3% | +1.7% |
| 2020 | +29.4% | +10.5% | +15.9% |
| 2019 | -2.8% | -5.5% | -0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 Laurel Memorial Park 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Laurel Memorial Park Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $72K, with revenue exceeding expenses.
- Debt-to-asset ratio: 28.3%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, indicating either a volunteer-run organization or compensation is not reported in this section.
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 Laurel Memorial Park Inc's IRS 990 filings:
- Lack of detailed narrative or impact reporting beyond basic financial statements.
- Consistent reporting of $0 executive compensation may warrant further investigation to understand how leadership is compensated or if it's entirely volunteer-driven.
Strengths
The following positive indicators were identified for Laurel Memorial Park Inc:
- High percentage of expenses consistently allocated to programs (around 90% in recent years).
- Stable revenue and asset base over the past several years.
- Low administrative and fundraising costs, indicating efficient operations.
- Consistent positive net assets, demonstrating financial health.
Frequently Asked Questions about Laurel Memorial Park Inc
Is Laurel Memorial Park Inc a legitimate charity?
Laurel Memorial Park Inc (EIN: 222383073) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $820K. 2 red flags identified. 4 strengths noted. Financial health grade: A.
How does Laurel Memorial Park Inc spend its money?
Laurel Memorial Park Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Laurel Memorial Park Inc tax-deductible?
Laurel Memorial Park Inc is registered as a tax-exempt nonprofit (EIN: 222383073). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Laurel Memorial Park Inc CEO make?
Laurel Memorial Park Inc's highest-compensated officer earns $0 annually. The organization reported $820K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Laurel Memorial Park Inc's spending goes to programs?
Laurel Memorial Park Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Laurel Memorial Park Inc located?
Laurel Memorial Park Inc is headquartered in Ventnor, New Jersey and files with the IRS under EIN 222383073.
How many years of IRS 990 filings does Laurel Memorial Park Inc have?
Laurel Memorial Park 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 $820K in total revenue.
What does Laurel Memorial Park Inc do?
Laurel Memorial Park Inc is a nonprofit organization in the Unknown sector, located in Ventnor, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Laurel Memorial Park Inc have?
Laurel Memorial Park Inc reported total revenue of $819,853. Based on 13 IRS 990 filings on record.
What are Laurel Memorial Park Inc's total assets?
Laurel Memorial Park Inc holds total assets of $843,973 as reported in IRS 990 filings.
Where is Laurel Memorial Park Inc located?
Laurel Memorial Park Inc is based in Ventnor, New Jersey.
What is Laurel Memorial Park Inc's EIN?
Laurel Memorial Park Inc's Employer Identification Number (EIN) is 222383073. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Laurel Memorial Park Inc?
Laurel Memorial Park Inc is classified under NTEE code Unknown (Unknown).
Is Laurel Memorial Park Inc a registered 501(c)(3)?
Laurel Memorial Park Inc appears in IRS records (EIN: 222383073). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Laurel Memorial Park Inc file IRS Form 990?
Yes, Laurel Memorial Park Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was Laurel Memorial Park Inc's revenue in 2023?
In the 202308 filing period, Laurel Memorial Park Inc reported total revenue of $764,290, total expenses of $692,672, and net assets of $883,912.
Is Laurel Memorial Park Inc's revenue growing or declining?
Laurel Memorial Park Inc's revenue is relatively stable. Revenue went from $734,163 (202208) to $764,290 (202308), a +4.1% change. Based on 13 filings on record.
What is Laurel Memorial Park Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Laurel Memorial Park Inc covers tax period 202308. It shows revenue of $764,290, expenses of $692,672, total assets of $883,912, and liabilities of $250,058.
How much does Laurel Memorial Park Inc spend on programs vs administration?
Based on IRS 990 analysis, Laurel Memorial Park Inc allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Laurel Memorial Park Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Laurel Memorial Park Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 4 strengths noted.
What are the red flags for Laurel Memorial Park Inc?
The following concerns were identified: Lack of detailed narrative or impact reporting beyond basic financial statements.. Consistent reporting of $0 executive compensation may warrant further investigation to understand how leadership is compensated or if it's entirely volunteer-driven.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Laurel Memorial Park Inc's strengths?
Positive indicators for Laurel Memorial Park Inc include: High percentage of expenses consistently allocated to programs (around 90% in recent years).. Stable revenue and asset base over the past several years.. Low administrative and fundraising costs, indicating efficient operations.. Consistent positive net assets, demonstrating financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Laurel Memorial Park Inc compensate executives?
Executive compensation is reported as $0 across all available filings, indicating either a volunteer-run organization or compensation is not reported in this section. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Laurel Memorial Park Inc?
- The organization consistently reports 0% compensation for officers, directors, trustees, and key employees, as per their 990 filings. - Financial statements are publicly available through IRS Form 990 filings, showing consistent revenue and expenses. - No specific transparency report or detailed annual report beyond the 990 is readily available. 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, how does Laurel Memorial Park Inc. sustain its leadership and operational oversight?
The filings consistently show $0 for officer, director, trustee, and key employee compensation. This suggests the organization may be entirely volunteer-run at the leadership level, or compensation is structured in a way that it's not reported in the standard executive compensation sections of the Form 990.
What specific programs or services does Laurel Memorial Park Inc. provide, given its high program spending?
While the financial data indicates a high percentage of spending on programs (e.g., $692,672 out of $764,290 total expenses in 2023), the available filings do not detail the specific nature of these programs. Further investigation into their mission statement or website would be needed to understand the exact services provided.
Filing History
IRS 990 filing history for Laurel Memorial Park Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Laurel Memorial Park Inc's revenue has grown by 83.8%, moving from $416K to $764K. Total assets increased by 27.4% over the same period, from $694K to $884K. Total functional expenses rose by 108.2%, from $333K to $693K. In its most recent filing year (2023), Laurel Memorial Park Inc reported a surplus of $72K, with revenue exceeding expenses. The organization holds $250K in liabilities against $884K in assets (debt-to-asset ratio: 28.3%), resulting in net assets of $634K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $764K | $693K | $884K | $250K | — | View 990 |
| 2022 | $734K | $639K | $808K | $245K | — | View 990 |
| 2021 | $754K | $698K | $781K | $313K | — | View 990 |
| 2020 | $584K | $477K | $768K | $357K | — | View 990 |
| 2019 | $451K | $431K | $662K | $358K | — | View 990 |
| 2018 | $464K | $456K | $666K | $382K | — | View 990 |
| 2017 | $432K | $396K | $684K | $407K | — | View 990 |
| 2016 | $409K | $394K | $690K | $449K | — | View 990 |
| 2015 | $469K | $394K | $707K | $482K | — | View 990 |
| 2014 | $386K | $351K | $702K | $553K | — | View 990 |
| 2013 | $423K | $379K | $684K | $570K | — | View 990 |
| 2012 | $384K | $398K | $668K | $597K | — | View 990 |
| 2011 | $416K | $333K | $694K | $610K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $764K, expenses of $693K, and assets of $884K (revenue +4.1% year-over-year).
- 2022: Revenue of $734K, expenses of $639K, and assets of $808K (revenue -2.6% year-over-year).
- 2021: Revenue of $754K, expenses of $698K, and assets of $781K (revenue +29.2% year-over-year).
- 2020: Revenue of $584K, expenses of $477K, and assets of $768K (revenue +29.4% year-over-year).
- 2019: Revenue of $451K, expenses of $431K, and assets of $662K (revenue -2.8% year-over-year).
- 2018: Revenue of $464K, expenses of $456K, and assets of $666K (revenue +7.4% year-over-year).
- 2017: Revenue of $432K, expenses of $396K, and assets of $684K (revenue +5.6% year-over-year).
- 2016: Revenue of $409K, expenses of $394K, and assets of $690K (revenue -12.8% year-over-year).
- 2015: Revenue of $469K, expenses of $394K, and assets of $707K (revenue +21.4% year-over-year).
- 2014: Revenue of $386K, expenses of $351K, and assets of $702K (revenue -8.7% year-over-year).
- 2013: Revenue of $423K, expenses of $379K, and assets of $684K (revenue +10.1% year-over-year).
- 2012: Revenue of $384K, expenses of $398K, and assets of $668K (revenue -7.6% year-over-year).
- 2011: Revenue of $416K, expenses of $333K, and assets of $694K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Laurel Memorial Park Inc:
Data Sources and Methodology
This transparency report for Laurel Memorial Park 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.