Mars Inc Voluntary Employees Beneficiary Association
EIN: 363768068 · Hackettstown, NJ
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $5.7M |
| Net Assets | $19.8M |
Is Mars Inc Voluntary Employees Beneficiary Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Mars Inc Voluntary Employees Beneficiary Association
Mars Inc Voluntary Employees Beneficiary Association (EIN: 363768068) is a nonprofit organization based in Hackettstown, NJ. The organization reported total revenue of $2.6M and total assets of $20.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mars Inc Voluntary Employees Beneficiary Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Mars Inc Voluntary Employees Beneficiary Association is a mid-size nonprofit that has been operating for 34 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -21.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $5.7M |
| Surplus / Deficit | $-4,409,244 |
| Total Assets | $20.1M |
| Total Liabilities | $295K |
| Net Assets | $19.8M |
| Operating Margin | -343.7% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 42.3 months |
Financial Health Grade: B
In 2023, Mars Inc Voluntary Employees Beneficiary Association reported a deficit of $4.4M with expenses exceeding revenue, holds 42.3 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Mars Inc Voluntary Employees Beneficiary Association's revenue has declined at a compound annual growth rate (CAGR) of -21.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -94.8% | -84.3% | -12.1% |
| 2022 | +379.2% | +787.1% | -60.4% |
| 2021 | -71.9% | -83.5% | +12.9% |
| 2020 | -25.6% | -45.5% | -18.9% |
| 2019 | -27.8% | -9.7% | -27.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1992 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Mars Inc Voluntary Employees Beneficiary Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Mars Inc Voluntary Employees Beneficiary Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.5%.
Frequently Asked Questions about Mars Inc Voluntary Employees Beneficiary Association
Is Mars Inc Voluntary Employees Beneficiary Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Mars Inc Voluntary Employees Beneficiary Association (EIN: 363768068) insufficient data. 0 red flags identified, 0 strengths noted.
How does Mars Inc Voluntary Employees Beneficiary Association spend its money?
Detailed spending breakdown data is not yet available for Mars Inc Voluntary Employees Beneficiary Association. Check back for updated IRS 990 analysis.
Are donations to Mars Inc Voluntary Employees Beneficiary Association tax-deductible?
Mars Inc Voluntary Employees Beneficiary Association is registered as a tax-exempt nonprofit (EIN: 363768068). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Mars Inc Voluntary Employees Beneficiary Association located?
Mars Inc Voluntary Employees Beneficiary Association is headquartered in Hackettstown, New Jersey and files with the IRS under EIN 363768068.
How many years of IRS 990 filings does Mars Inc Voluntary Employees Beneficiary Association have?
Mars Inc Voluntary Employees Beneficiary Association has 14 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 $2.6M in total revenue.
Filing History
IRS 990 filing history for Mars Inc Voluntary Employees Beneficiary Association showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Mars Inc Voluntary Employees Beneficiary Association's revenue has declined by 96%, moving from $32.0M to $1.3M. Total assets decreased by 60.2% over the same period, from $50.4M to $20.1M. Total functional expenses fell by 81.5%, from $30.7M to $5.7M. In its most recent filing year (2023), Mars Inc Voluntary Employees Beneficiary Association reported a deficit of $4.4M, with expenses exceeding revenue. The organization holds $295K in liabilities against $20.1M in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $19.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $5.7M | $20.1M | $295K | — | — |
| 2022 | $24.8M | $36.3M | $22.8M | $976K | — | View 990 |
| 2021 | $5.2M | $4.1M | $57.6M | $407K | — | View 990 |
| 2020 | $18.4M | $24.9M | $51.1M | $1.0M | — | View 990 |
| 2019 | $24.8M | $45.6M | $62.9M | $3.7M | — | View 990 |
| 2018 | $34.3M | $50.5M | $86.2M | $8.5M | — | View 990 |
| 2017 | $7.2M | $6.2M | $83.1M | $8K | — | View 990 |
| 2016 | $12.1M | $22.6M | $72.8M | $0 | — | View 990 |
| 2015 | $37.6M | $40.1M | $79.8M | $21K | — | View 990 |
| 2014 | $39.7M | $37.0M | $83.5M | $28K | — | View 990 |
| 2013 | $32.0M | $31.5M | $73.5M | $29K | — | View 990 |
| 2012 | $31.4M | $29.5M | $59.9M | $26K | — | View 990 |
| 2011 | $31.0M | $29.2M | $52.6M | $31K | — | View 990 |
| 2010 | $32.0M | $30.7M | $50.4M | $32K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $5.7M, and assets of $20.1M (revenue -94.8% year-over-year).
- 2022: Revenue of $24.8M, expenses of $36.3M, and assets of $22.8M (revenue +379.2% year-over-year).
- 2021: Revenue of $5.2M, expenses of $4.1M, and assets of $57.6M (revenue -71.9% year-over-year).
- 2020: Revenue of $18.4M, expenses of $24.9M, and assets of $51.1M (revenue -25.6% year-over-year).
- 2019: Revenue of $24.8M, expenses of $45.6M, and assets of $62.9M (revenue -27.8% year-over-year).
- 2018: Revenue of $34.3M, expenses of $50.5M, and assets of $86.2M (revenue +378.2% year-over-year).
- 2017: Revenue of $7.2M, expenses of $6.2M, and assets of $83.1M (revenue -40.8% year-over-year).
- 2016: Revenue of $12.1M, expenses of $22.6M, and assets of $72.8M (revenue -67.8% year-over-year).
- 2015: Revenue of $37.6M, expenses of $40.1M, and assets of $79.8M (revenue -5.3% year-over-year).
- 2014: Revenue of $39.7M, expenses of $37.0M, and assets of $83.5M (revenue +24.1% year-over-year).
- 2013: Revenue of $32.0M, expenses of $31.5M, and assets of $73.5M (revenue +2.0% year-over-year).
- 2012: Revenue of $31.4M, expenses of $29.5M, and assets of $59.9M (revenue +1.1% year-over-year).
- 2011: Revenue of $31.0M, expenses of $29.2M, and assets of $52.6M (revenue -3.2% year-over-year).
- 2010: Revenue of $32.0M, expenses of $30.7M, and assets of $50.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Mars Inc Voluntary Employees Beneficiary Association:
Data Sources and Methodology
This transparency report for Mars Inc Voluntary Employees Beneficiary Association 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.