Merakey New Jersey Inc
Merakey New Jersey Inc: Consistent Revenue, Declining Assets
EIN: 222334709 · Lafayette Hl, PA · Updated: 2026-04-04
About Merakey New Jersey Inc
Merakey New Jersey Inc (EIN: 222334709) is a nonprofit organization based in Lafayette Hl, PA. The organization reported total revenue of $18.1M and total assets of $4.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Merakey New Jersey 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 Merakey New Jersey 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Merakey New Jersey Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% in available filings, which is unusual for an organization of this size and suggests compensation may be reported under different categories or through a related entity, requiring deeper scrutiny.
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 Merakey New Jersey Inc's IRS 990 filings:
- Consistent reporting of 0% compensation for key employees across all available filings (e.g., 202306, 202206) raises questions about how executive salaries are actually accounted for.
- Total assets have shown a significant decline from $3,900,400 in 2020 to $3,804,978 in 2023, while liabilities have increased from $3,280,918 in 2021 to $4,555,792 in 2023.
Strengths
The following positive indicators were identified for Merakey New Jersey Inc:
- The organization has maintained a relatively stable revenue stream, with 2023 revenue at $15,710,625 and 2022 at $15,992,317.
- Despite fluctuations, the organization has consistently reported positive net assets (assets minus liabilities) in most years, indicating financial solvency.
Frequently Asked Questions about Merakey New Jersey Inc
What does Merakey New Jersey Inc do?
Merakey New Jersey Inc is a nonprofit organization in the Unknown sector, located in Lafayette Hl, Pennsylvania. It is classified under NTEE code Unknown.
How much revenue does Merakey New Jersey Inc have?
Merakey New Jersey Inc reported total revenue of $18,090,540. Based on 13 IRS 990 filings on record.
What are Merakey New Jersey Inc's total assets?
Merakey New Jersey Inc holds total assets of $4,719,889 as reported in IRS 990 filings.
Where is Merakey New Jersey Inc located?
Merakey New Jersey Inc is based in Lafayette Hl, Pennsylvania.
What is Merakey New Jersey Inc's EIN?
Merakey New Jersey Inc's Employer Identification Number (EIN) is 222334709. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Merakey New Jersey Inc?
Merakey New Jersey Inc is classified under NTEE code Unknown (Unknown).
Is Merakey New Jersey Inc a registered 501(c)(3)?
Merakey New Jersey Inc appears in IRS records (EIN: 222334709). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Merakey New Jersey Inc file IRS Form 990?
Yes, Merakey New Jersey Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Merakey New Jersey Inc's revenue in 2023?
In the 202306 filing period, Merakey New Jersey Inc reported total revenue of $15,710,625, total expenses of $15,823,799, and net assets of $3,804,978.
Is Merakey New Jersey Inc's revenue growing or declining?
Merakey New Jersey Inc's revenue is relatively stable. Revenue went from $15,992,317 (202206) to $15,710,625 (202306), a -1.8% change. Based on 13 filings on record.
What is Merakey New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Merakey New Jersey Inc covers tax period 202306. It shows revenue of $15,710,625, expenses of $15,823,799, total assets of $3,804,978, and liabilities of $4,555,792.
How much does Merakey New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Merakey New Jersey Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Merakey New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Merakey New Jersey Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for Merakey New Jersey Inc?
The following concerns were identified: Consistent reporting of 0% compensation for key employees across all available filings (e.g., 202306, 202206) raises questions about how executive salaries are actually accounted for.. Total assets have shown a significant decline from $3,900,400 in 2020 to $3,804,978 in 2023, while liabilities have increased from $3,280,918 in 2021 to $4,555,792 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Merakey New Jersey Inc's strengths?
Positive indicators for Merakey New Jersey Inc include: The organization has maintained a relatively stable revenue stream, with 2023 revenue at $15,710,625 and 2022 at $15,992,317.. Despite fluctuations, the organization has consistently reported positive net assets (assets minus liabilities) in most years, indicating financial solvency.. These findings are derived from AI analysis of the organization's financial filings.
How does Merakey New Jersey Inc compensate executives?
Executive compensation is consistently reported as 0% in available filings, which is unusual for an organization of this size and suggests compensation may be reported under different categories or through a related entity, requiring deeper scrutiny. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% executive compensation, how does Merakey New Jersey Inc attract and retain leadership, and where are these costs reflected in their financial statements?
The consistent reporting of 0% executive compensation suggests that either executive services are provided pro bono, compensated through a related entity not detailed in these specific filings, or categorized under broader administrative expenses without specific disclosure. This practice warrants further investigation into their operational structure and financial reporting methods to understand leadership compensation.
What factors contributed to the significant increase in liabilities from $3,280,918 in 2021 to $4,555,792 in 2023, and how does this impact the organization's long-term financial health?
The increase in liabilities could be due to various factors such as new debt, increased accounts payable, or deferred revenue. This trend, especially when coupled with declining assets, could indicate a tightening financial position, potentially impacting the organization's ability to fund future programs or manage operational risks without further capital infusion or revenue growth.
Filing History
IRS 990 filing history for Merakey New Jersey Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Merakey New Jersey Inc's revenue has grown by 620.9%, moving from $2.2M to $15.7M. Total assets increased by 129.7% over the same period, from $1.7M to $3.8M. Total functional expenses rose by 614.1%, from $2.2M to $15.8M. In its most recent filing year (2023), Merakey New Jersey Inc reported a deficit of $113K, with expenses exceeding revenue. The organization holds $4.6M in liabilities against $3.8M in assets (debt-to-asset ratio: 119.7%), resulting in net assets of $-750,814.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $15.7M | $15.8M | $3.8M | $4.6M | — | — |
| 2022 | $16.0M | $16.7M | $3.3M | $4.0M | — | View 990 |
| 2021 | $18.0M | $15.9M | $3.3M | $3.3M | — | — |
| 2020 | $15.3M | $13.5M | $3.9M | $6.0M | — | View 990 |
| 2019 | $7.0M | $7.1M | $848K | $3.7M | — | View 990 |
| 2018 | $6.8M | $7.2M | $1.0M | $3.8M | — | View 990 |
| 2017 | $6.1M | $6.2M | $310K | $2.7M | — | View 990 |
| 2016 | $5.9M | $6.3M | $1.2M | $3.5M | — | View 990 |
| 2015 | $5.9M | $6.3M | $905K | $2.8M | — | View 990 |
| 2014 | $5.7M | $5.7M | $2.5M | $4.0M | — | View 990 |
| 2013 | $4.7M | $4.7M | $1.7M | $3.2M | — | View 990 |
| 2012 | $3.8M | $3.8M | $1.3M | $2.8M | — | View 990 |
| 2011 | $2.2M | $2.2M | $1.7M | $3.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $15.7M, expenses of $15.8M, and assets of $3.8M (revenue -1.8% year-over-year).
- 2022: Revenue of $16.0M, expenses of $16.7M, and assets of $3.3M (revenue -11.3% year-over-year).
- 2021: Revenue of $18.0M, expenses of $15.9M, and assets of $3.3M (revenue +18.3% year-over-year).
- 2020: Revenue of $15.3M, expenses of $13.5M, and assets of $3.9M (revenue +118.7% year-over-year).
- 2019: Revenue of $7.0M, expenses of $7.1M, and assets of $848K (revenue +2.1% year-over-year).
- 2018: Revenue of $6.8M, expenses of $7.2M, and assets of $1.0M (revenue +11.5% year-over-year).
- 2017: Revenue of $6.1M, expenses of $6.2M, and assets of $310K (revenue +3.7% year-over-year).
- 2016: Revenue of $5.9M, expenses of $6.3M, and assets of $1.2M (revenue -0.1% year-over-year).
- 2015: Revenue of $5.9M, expenses of $6.3M, and assets of $905K (revenue +3.5% year-over-year).
- 2014: Revenue of $5.7M, expenses of $5.7M, and assets of $2.5M (revenue +22.6% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.7M, and assets of $1.7M (revenue +23.5% year-over-year).
- 2012: Revenue of $3.8M, expenses of $3.8M, and assets of $1.3M (revenue +73.2% year-over-year).
- 2011: Revenue of $2.2M, expenses of $2.2M, and assets of $1.7M.
Data Sources and Methodology
This transparency report for Merakey New Jersey 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.