New Brunswick Elks 0324
New Brunswick Elks 0324 consistently operates at a deficit, with declining assets over the past decade.
EIN: 220764270 · New Brunswick, NJ · Updated: 2026-03-28
Is New Brunswick Elks 0324 Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Brunswick Elks 0324 directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Brunswick Elks 0324
New Brunswick Elks 0324 (EIN: 220764270) is a nonprofit organization based in New Brunswick, NJ. The organization reported total revenue of $3.2M and total assets of $2.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Brunswick Elks 0324'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 Elks 0324 with a Mission Score of 55 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New Brunswick Elks 0324 allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is commendable for an organization of its size with annual revenues typically under $400,000.
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 Elks 0324's IRS 990 filings:
- Consistent operating deficits (e.g., $53,378 deficit in 202403)
- Declining asset base over time (from $1,286,941 in 201603 to $887,451 in 202403)
- Lack of detailed functional expense breakdown in provided data
Strengths
The following positive indicators were identified for New Brunswick Elks 0324:
- Volunteer-based leadership with 0% officer compensation reported
- Low liabilities relative to assets (e.g., $36,741 liabilities vs. $887,451 assets in 202403)
Frequently Asked Questions about New Brunswick Elks 0324
Is New Brunswick Elks 0324 a legitimate charity?
Based on AI analysis of IRS 990 filings, New Brunswick Elks 0324 (EIN: 220764270) some concerns. Mission Score: 55/100. 3 red flags identified, 2 strengths noted.
How does New Brunswick Elks 0324 spend its money?
New Brunswick Elks 0324 directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Brunswick Elks 0324 tax-deductible?
New Brunswick Elks 0324 is registered as a tax-exempt nonprofit (EIN: 220764270). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is New Brunswick Elks 0324 financially sustainable?
Based on the consistent operating deficits (e.g., $119,421 revenue vs. $172,799 expenses in 202403) and declining asset base (from $1,286,941 in 201603 to $887,451 in 202403), the organization's current financial model appears unsustainable without significant changes to revenue generation or expense management.
What is the primary cause of the declining assets?
The primary cause of declining assets appears to be the consistent annual operating deficits, where expenses regularly exceed revenues. For instance, in 202303, expenses were $63,214 higher than revenue, directly contributing to the reduction in net assets.
How does the organization fund its operations given the deficits?
The organization appears to be funding its operations by drawing down its existing asset base, as indicated by the decrease in total assets over time. This suggests that past reserves are being used to cover current operational shortfalls.
What is the organization's NTEE code and how does it impact analysis?
The NTEE code is unknown. This limits the ability to compare its financial performance and spending ratios against similar organizations within its specific charitable sector, making a peer-based assessment difficult.
Filing History
IRS 990 filing history for New Brunswick Elks 0324 showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), New Brunswick Elks 0324's revenue has declined by 68.3%, moving from $377K to $119K. Total assets decreased by 25.4% over the same period, from $1.2M to $887K. Total functional expenses fell by 54.7%, from $381K to $173K. In its most recent filing year (2024), New Brunswick Elks 0324 reported a deficit of $53K, with expenses exceeding revenue. The organization holds $37K in liabilities against $887K in assets (debt-to-asset ratio: 4.1%), resulting in net assets of $851K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $119K | $173K | $887K | $37K | — | View 990 |
| 2023 | $157K | $220K | $938K | $34K | — | View 990 |
| 2022 | $116K | $194K | $1.0M | $35K | — | View 990 |
| 2021 | $119K | $174K | $1.1M | $27K | — | — |
| 2020 | $267K | $259K | $1.2M | $48K | — | View 990 |
| 2019 | $373K | $361K | $1.2M | $62K | — | View 990 |
| 2018 | $232K | $291K | $1.1M | $42K | — | View 990 |
| 2017 | $293K | $385K | $1.2M | $41K | — | View 990 |
| 2016 | $365K | $340K | $1.3M | $46K | — | View 990 |
| 2015 | $379K | $370K | $1.3M | $50K | — | View 990 |
| 2014 | $406K | $398K | $1.2M | $24K | — | View 990 |
| 2013 | $375K | $335K | $1.2M | $33K | — | View 990 |
| 2012 | $377K | $381K | $1.2M | $31K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $119K, expenses of $173K, and assets of $887K (revenue -23.9% year-over-year).
- 2023: Revenue of $157K, expenses of $220K, and assets of $938K (revenue +34.8% year-over-year).
- 2022: Revenue of $116K, expenses of $194K, and assets of $1.0M (revenue -2.4% year-over-year).
- 2021: Revenue of $119K, expenses of $174K, and assets of $1.1M (revenue -55.3% year-over-year).
- 2020: Revenue of $267K, expenses of $259K, and assets of $1.2M (revenue -28.6% year-over-year).
- 2019: Revenue of $373K, expenses of $361K, and assets of $1.2M (revenue +60.8% year-over-year).
- 2018: Revenue of $232K, expenses of $291K, and assets of $1.1M (revenue -20.8% year-over-year).
- 2017: Revenue of $293K, expenses of $385K, and assets of $1.2M (revenue -19.8% year-over-year).
- 2016: Revenue of $365K, expenses of $340K, and assets of $1.3M (revenue -3.7% year-over-year).
- 2015: Revenue of $379K, expenses of $370K, and assets of $1.3M (revenue -6.5% year-over-year).
- 2014: Revenue of $406K, expenses of $398K, and assets of $1.2M (revenue +8.1% year-over-year).
- 2013: Revenue of $375K, expenses of $335K, and assets of $1.2M (revenue -0.4% year-over-year).
- 2012: Revenue of $377K, expenses of $381K, and assets of $1.2M.
Data Sources and Methodology
This transparency report for New Brunswick Elks 0324 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.