New Brunswick City Market Inc
New Brunswick City Market Inc: Steady Revenue, Declining Assets, and High Administrative Costs
EIN: 222935119 · New Brunswick, NJ · NTEE: S300 · Updated: 2026-04-04
Is New Brunswick City Market Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Brunswick City Market Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About New Brunswick City Market Inc
New Brunswick City Market Inc (EIN: 222935119) is a nonprofit organization based in New Brunswick, NJ, classified under NTEE code S300. The organization reported total revenue of $723K and total assets of $610K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Brunswick City Market 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 New Brunswick City Market Inc 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: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, New Brunswick City Market Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific figures for compensation are provided in the available data.
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 New Brunswick City Market Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $982,409 in 2022 to $609,865 in 2023, indicating potential financial instability or asset divestment.
- The organization reported a deficit of $88,534 in 2023 (expenses $885,343 vs. revenue $770,860), continuing a trend of expenses exceeding revenue in recent years.
Strengths
The following positive indicators were identified for New Brunswick City Market Inc:
- The organization has maintained a relatively stable revenue stream over the past several years, consistently around $600,000 - $700,000.
- The organization has consistently reported 0% lobbying costs, suggesting a focus on its core mission rather than political influence.
Frequently Asked Questions about New Brunswick City Market Inc
Is New Brunswick City Market Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Brunswick City Market Inc (EIN: 222935119) some concerns. Mission Score: 70/100. 2 red flags identified, 2 strengths noted.
How does New Brunswick City Market Inc spend its money?
New Brunswick City Market Inc directs 60% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Brunswick City Market Inc tax-deductible?
New Brunswick City Market Inc is registered as a tax-exempt nonprofit (EIN: 222935119). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does New Brunswick City Market Inc do?
New Brunswick City Market Inc is a nonprofit organization in the Community Improvement sector, located in New Brunswick, New Jersey. It is classified under NTEE code S300.
How much revenue does New Brunswick City Market Inc have?
New Brunswick City Market Inc reported total revenue of $722,593. Based on 13 IRS 990 filings on record.
What are New Brunswick City Market Inc's total assets?
New Brunswick City Market Inc holds total assets of $609,865 as reported in IRS 990 filings.
Where is New Brunswick City Market Inc located?
New Brunswick City Market Inc is based in New Brunswick, New Jersey.
What is New Brunswick City Market Inc's EIN?
New Brunswick City Market Inc's Employer Identification Number (EIN) is 222935119. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Brunswick City Market Inc?
New Brunswick City Market Inc is classified under NTEE code S300 (Community Improvement).
Is New Brunswick City Market Inc a registered 501(c)(3)?
Yes, New Brunswick City Market Inc is recognized as a tax-exempt organization by the IRS. EIN: 222935119.
Does New Brunswick City Market Inc file IRS Form 990?
Yes, New Brunswick City Market Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Brunswick City Market Inc's revenue in 2023?
In the 202312 filing period, New Brunswick City Market Inc reported total revenue of $770,860, total expenses of $885,343, and net assets of $901,717.
Is New Brunswick City Market Inc's revenue growing or declining?
New Brunswick City Market Inc's revenue is growing. Revenue went from $703,028 (202212) to $770,860 (202312), a +9.6% change. Based on 13 filings on record.
What is New Brunswick City Market Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Brunswick City Market Inc covers tax period 202312. It shows revenue of $770,860, expenses of $885,343, total assets of $901,717, and liabilities of $143,711.
How much does New Brunswick City Market Inc spend on programs vs administration?
Based on IRS 990 analysis, New Brunswick City Market Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is New Brunswick City Market Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Brunswick City Market Inc appears trustworthy. Mission Score: 70/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for New Brunswick City Market Inc?
The following concerns were identified: Total assets have shown a consistent decline from $982,409 in 2022 to $609,865 in 2023, indicating potential financial instability or asset divestment.. The organization reported a deficit of $88,534 in 2023 (expenses $885,343 vs. revenue $770,860), continuing a trend of expenses exceeding revenue in recent years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Brunswick City Market Inc's strengths?
Positive indicators for New Brunswick City Market Inc include: The organization has maintained a relatively stable revenue stream over the past several years, consistently around $600,000 - $700,000.. The organization has consistently reported 0% lobbying costs, suggesting a focus on its core mission rather than political influence.. These findings are derived from AI analysis of the organization's financial filings.
How does New Brunswick City Market Inc compensate executives?
Executive compensation cannot be assessed as no specific figures for compensation are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New Brunswick City Market Inc?
1. Financial filings are consistently available on an annual basis. 2. Detailed breakdowns of program expenses are not readily apparent from the provided data. 3. Executive compensation details are not disclosed in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors are contributing to the consistent decline in total assets for New Brunswick City Market Inc, and what is the strategic plan to address this trend?
The provided data shows a significant drop in assets from $982,409 in 2022 to $609,865 in 2023. Without further information, it's unclear if this is due to asset sales, depreciation, or other financial decisions. A detailed financial statement would be needed to understand the underlying causes and the organization's strategy to reverse this trend.
Filing History
IRS 990 filing history for New Brunswick City Market Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Brunswick City Market Inc's revenue has grown by 46%, moving from $528K to $771K. Total assets increased by 299.3% over the same period, from $226K to $902K. Total functional expenses rose by 84.8%, from $479K to $885K. In its most recent filing year (2023), New Brunswick City Market Inc reported a deficit of $114K, with expenses exceeding revenue. The organization holds $144K in liabilities against $902K in assets (debt-to-asset ratio: 15.9%), resulting in net assets of $758K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $771K | $885K | $902K | $144K | — | View 990 |
| 2022 | $703K | $756K | $982K | $110K | — | View 990 |
| 2021 | $706K | $578K | $960K | $35K | — | View 990 |
| 2020 | $666K | $609K | $831K | $33K | — | — |
| 2019 | $625K | $548K | $769K | $28K | — | View 990 |
| 2018 | $644K | $598K | $707K | $42K | — | View 990 |
| 2017 | $647K | $541K | $657K | $38K | — | View 990 |
| 2016 | $580K | $485K | $538K | $26K | — | View 990 |
| 2015 | $532K | $480K | $460K | $42K | — | View 990 |
| 2014 | $533K | $444K | $390K | $25K | — | View 990 |
| 2013 | $507K | $469K | $303K | $27K | — | View 990 |
| 2012 | $523K | $464K | $299K | $60K | — | View 990 |
| 2011 | $528K | $479K | $226K | $47K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $771K, expenses of $885K, and assets of $902K (revenue +9.6% year-over-year).
- 2022: Revenue of $703K, expenses of $756K, and assets of $982K (revenue -0.4% year-over-year).
- 2021: Revenue of $706K, expenses of $578K, and assets of $960K (revenue +6.0% year-over-year).
- 2020: Revenue of $666K, expenses of $609K, and assets of $831K (revenue +6.5% year-over-year).
- 2019: Revenue of $625K, expenses of $548K, and assets of $769K (revenue -2.9% year-over-year).
- 2018: Revenue of $644K, expenses of $598K, and assets of $707K (revenue -0.5% year-over-year).
- 2017: Revenue of $647K, expenses of $541K, and assets of $657K (revenue +11.6% year-over-year).
- 2016: Revenue of $580K, expenses of $485K, and assets of $538K (revenue +9.0% year-over-year).
- 2015: Revenue of $532K, expenses of $480K, and assets of $460K (revenue -0.2% year-over-year).
- 2014: Revenue of $533K, expenses of $444K, and assets of $390K (revenue +5.2% year-over-year).
- 2013: Revenue of $507K, expenses of $469K, and assets of $303K (revenue -3.2% year-over-year).
- 2012: Revenue of $523K, expenses of $464K, and assets of $299K (revenue -0.9% year-over-year).
- 2011: Revenue of $528K, expenses of $479K, and assets of $226K.
Data Sources and Methodology
This transparency report for New Brunswick City Market 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.