Morris Chinese Academy A Njnonprofit Corporation
Morris Chinese Academy experiences declining assets and recent operating deficits, with no reported officer compensation.
EIN: 204709185 · Parsippany, NJ · NTEE: A70 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $177K |
| Total Expenses | $229K |
| Program Spending | 80% |
| CEO/Top Officer Pay | $163,807 |
| Net Assets | $28K |
| Transparency Score | 70/100 |
Is Morris Chinese Academy A Njnonprofit Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Morris Chinese Academy A Njnonprofit Corporation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Morris Chinese Academy A Njnonprofit Corporation
Morris Chinese Academy A Njnonprofit Corporation (EIN: 204709185) is a nonprofit organization based in Parsippany, NJ, classified under NTEE code A70. The organization reported total revenue of $177K and total assets of $190K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Morris Chinese Academy A Njnonprofit Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Morris Chinese Academy A Njnonprofit Corporation is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $211K |
| Total Expenses | $229K |
| Surplus / Deficit | $-18,170 |
| Total Assets | $182K |
| Total Liabilities | $154K |
| Net Assets | $28K |
| Operating Margin | -8.6% |
| Debt-to-Asset Ratio | 84.7% |
| Months of Reserves | 9.5 months |
Financial Health Grade: C
In 2023, Morris Chinese Academy A Njnonprofit Corporation reported a deficit of $18K with expenses exceeding revenue, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 84.7% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Morris Chinese Academy A Njnonprofit Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.7% | +9.4% | -22.1% |
| 2022 | -26.0% | -20.2% | -14.0% |
| 2021 | -33.4% | -3.8% | -27.9% |
| 2020 | +5.1% | -28.1% | +2.9% |
| 2019 | +1.4% | +15.4% | -18.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2007 |
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 Morris Chinese Academy A Njnonprofit Corporation with a Mission Score of 70 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Morris Chinese Academy A Njnonprofit Corporation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% 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 deficit of $18K, with expenses exceeding revenue.
- Debt-to-asset ratio: 84.7%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are not compensated, which is highly favorable for a nonprofit of its size with annual revenues ranging from $163,807 to $404,629.
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 Morris Chinese Academy A Njnonprofit Corporation's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., 2023: $18,170 deficit; 2022: $45,409 deficit)
- Significant decline in total assets over the past decade, from $567,425 in 2014 to $181,954 in 2023
Strengths
The following positive indicators were identified for Morris Chinese Academy A Njnonprofit Corporation:
- Zero reported officer compensation across all filings, indicating strong commitment to minimizing overhead.
- Long operational history with 13 IRS 990 filings, suggesting stability and consistent reporting.
- Maintains a positive asset balance, despite recent declines, indicating some financial reserves.
Frequently Asked Questions about Morris Chinese Academy A Njnonprofit Corporation
Is Morris Chinese Academy A Njnonprofit Corporation a legitimate charity?
Morris Chinese Academy A Njnonprofit Corporation (EIN: 204709185) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $177K. 2 red flags identified. 3 strengths noted. Financial health grade: C.
How does Morris Chinese Academy A Njnonprofit Corporation spend its money?
Morris Chinese Academy A Njnonprofit Corporation directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Morris Chinese Academy A Njnonprofit Corporation tax-deductible?
Morris Chinese Academy A Njnonprofit Corporation is registered as a tax-exempt nonprofit (EIN: 204709185). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Morris Chinese Academy A Njnonprofit Corporation CEO make?
Morris Chinese Academy A Njnonprofit Corporation's highest-compensated officer earns $163,807 annually. The organization reported $177K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Morris Chinese Academy A Njnonprofit Corporation's spending goes to programs?
Morris Chinese Academy A Njnonprofit Corporation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Morris Chinese Academy A Njnonprofit Corporation compare to similar nonprofits?
With a transparency score of 70/100 (Good), Morris Chinese Academy A Njnonprofit Corporation is above average for NTEE category A70 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Morris Chinese Academy A Njnonprofit Corporation located?
Morris Chinese Academy A Njnonprofit Corporation is headquartered in Parsippany, New Jersey and files with the IRS under EIN 204709185. It is classified under NTEE code A70.
How many years of IRS 990 filings does Morris Chinese Academy A Njnonprofit Corporation have?
Morris Chinese Academy A Njnonprofit Corporation 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 $177K in total revenue.
Is Morris Chinese Academy a good charity?
Morris Chinese Academy demonstrates a commitment to its mission through consistent operations and no reported officer compensation. However, recent financial trends show expenses exceeding revenue, leading to a decline in assets, which could impact long-term sustainability. Its effectiveness depends on its ability to reverse these trends.
Why are assets decreasing?
Assets have been decreasing since 2014, from $567,425 to $181,954 in 2023. This decline is primarily due to expenses exceeding revenue in several recent periods, such as 2023 ($228,953 expenses vs. $210,783 revenue) and 2022 ($209,216 expenses vs. $163,807 revenue), indicating the organization is spending more than it earns.
What is the organization's financial trend?
The organization has experienced a general downward trend in revenue and assets since 2015. While revenue fluctuated, it peaked at $404,629 in 2015 and was $210,783 in 2023. Assets have consistently decreased from $567,425 in 2014 to $181,954 in 2023, with liabilities also decreasing but at a slower rate, indicating a shrinking financial base.
Filing History
IRS 990 filing history for Morris Chinese Academy A Njnonprofit Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Morris Chinese Academy A Njnonprofit Corporation's revenue has declined by 37%, moving from $335K to $211K. Total assets decreased by 60.2% over the same period, from $458K to $182K. Total functional expenses fell by 33.1%, from $342K to $229K. In its most recent filing year (2023), Morris Chinese Academy A Njnonprofit Corporation reported a deficit of $18K, with expenses exceeding revenue. The organization holds $154K in liabilities against $182K in assets (debt-to-asset ratio: 84.7%), resulting in net assets of $28K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $211K | $229K | $182K | $154K | — | — |
| 2022 | $164K | $209K | $234K | $188K | — | View 990 |
| 2021 | $221K | $262K | $272K | $180K | — | — |
| 2020 | $332K | $272K | $377K | $245K | — | — |
| 2019 | $316K | $379K | $366K | $294K | — | View 990 |
| 2018 | $312K | $328K | $448K | $314K | — | View 990 |
| 2017 | $310K | $342K | $472K | $322K | — | View 990 |
| 2016 | $318K | $326K | $460K | $278K | — | View 990 |
| 2015 | $405K | $346K | $476K | $286K | — | View 990 |
| 2014 | $339K | $302K | $567K | $436K | — | View 990 |
| 2013 | $359K | $363K | $533K | $438K | — | View 990 |
| 2012 | $280K | $319K | $449K | $351K | — | View 990 |
| 2011 | $335K | $342K | $458K | $320K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $211K, expenses of $229K, and assets of $182K (revenue +28.7% year-over-year).
- 2022: Revenue of $164K, expenses of $209K, and assets of $234K (revenue -26.0% year-over-year).
- 2021: Revenue of $221K, expenses of $262K, and assets of $272K (revenue -33.4% year-over-year).
- 2020: Revenue of $332K, expenses of $272K, and assets of $377K (revenue +5.1% year-over-year).
- 2019: Revenue of $316K, expenses of $379K, and assets of $366K (revenue +1.4% year-over-year).
- 2018: Revenue of $312K, expenses of $328K, and assets of $448K (revenue +0.6% year-over-year).
- 2017: Revenue of $310K, expenses of $342K, and assets of $472K (revenue -2.4% year-over-year).
- 2016: Revenue of $318K, expenses of $326K, and assets of $460K (revenue -21.5% year-over-year).
- 2015: Revenue of $405K, expenses of $346K, and assets of $476K (revenue +19.4% year-over-year).
- 2014: Revenue of $339K, expenses of $302K, and assets of $567K (revenue -5.6% year-over-year).
- 2013: Revenue of $359K, expenses of $363K, and assets of $533K (revenue +28.2% year-over-year).
- 2012: Revenue of $280K, expenses of $319K, and assets of $449K (revenue -16.3% year-over-year).
- 2011: Revenue of $335K, expenses of $342K, and assets of $458K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Morris Chinese Academy A Njnonprofit Corporation:
Data Sources and Methodology
This transparency report for Morris Chinese Academy A Njnonprofit Corporation 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.