New Community Employment Services Corporation
New Community Employment Services Corporation: Declining Assets and Persistent Deficits Raise Concerns
EIN: 222546365 · Newark, NJ · NTEE: J200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.4M |
| Total Expenses | $2.8M |
| Program Spending | 75% |
| Net Assets | $551K |
| Transparency Score | 65/100 |
Is New Community Employment Services Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Community Employment Services Corporation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Community Employment Services Corporation
New Community Employment Services Corporation (EIN: 222546365) is a nonprofit organization based in Newark, NJ, classified under NTEE code J200. The organization reported total revenue of $2.4M and total assets of $788K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Community Employment Services Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Community Employment Services Corporation is a mid-size nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.8M |
| Total Expenses | $2.8M |
| Surplus / Deficit | $-19,055 |
| Total Assets | $863K |
| Total Liabilities | $312K |
| Net Assets | $551K |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 36.2% |
| Months of Reserves | 3.7 months |
Financial Health Grade: B
In 2023, New Community Employment Services Corporation reported a deficit of $19K with expenses exceeding revenue, holds 3.7 months of operating reserves (adequate), has a debt-to-asset ratio of 36.2% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Community Employment Services Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.1% | -4.8% | -24.2% |
| 2022 | +15.1% | +10.3% | +12.1% |
| 2021 | +5.8% | +0.4% | -18.6% |
| 2020 | +4.1% | -2.8% | -8.7% |
| 2019 | +3.2% | +0.9% | -19.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 New Community Employment Services Corporation with a Mission Score of 65 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: 75%
- fundraising: 10%
According to IRS 990 filings, New Community Employment Services Corporation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $19K, with expenses exceeding revenue.
- Debt-to-asset ratio: 36.2%.
Executive Compensation Analysis
Without specific compensation figures, a detailed assessment of executive compensation is not possible; however, the consistent operational deficits suggest that any significant executive pay would warrant 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 New Community Employment Services Corporation's IRS 990 filings:
- Consistent operational deficits across all reported years (e.g., 2023: revenue $2,750,092 vs. expenses $2,769,147).
- Significant and continuous decline in total assets from $2,628,564 in 2016 to $788,400 in 2023.
- Liabilities have shown an increasing trend in recent years, reaching $312,135 in 2023.
- The organization's ability to sustain operations is questionable given the persistent negative net income.
Strengths
The following positive indicators were identified for New Community Employment Services Corporation:
- Long-standing presence in Newark, NJ, suggesting established community ties.
- Consistent revenue generation over the years, albeit often outpaced by expenses.
Frequently Asked Questions about New Community Employment Services Corporation
Is New Community Employment Services Corporation a legitimate charity?
New Community Employment Services Corporation (EIN: 222546365) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.4M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does New Community Employment Services Corporation spend its money?
New Community Employment Services Corporation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New Community Employment Services Corporation tax-deductible?
New Community Employment Services Corporation is registered as a tax-exempt nonprofit (EIN: 222546365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Community Employment Services Corporation's spending goes to programs?
New Community Employment Services Corporation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Community Employment Services Corporation compare to similar nonprofits?
With a transparency score of 65/100 (Good), New Community Employment Services Corporation is above average for NTEE category J200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Community Employment Services Corporation located?
New Community Employment Services Corporation is headquartered in Newark, New Jersey and files with the IRS under EIN 222546365. It is classified under NTEE code J200.
How many years of IRS 990 filings does New Community Employment Services Corporation have?
New Community Employment Services 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 $2.4M in total revenue.
What does New Community Employment Services Corporation do?
New Community Employment Services Corporation is a nonprofit organization in the Employment sector, located in Newark, New Jersey. It is classified under NTEE code J200.
How much revenue does New Community Employment Services Corporation have?
New Community Employment Services Corporation reported total revenue of $2,353,898. Based on 13 IRS 990 filings on record.
What are New Community Employment Services Corporation's total assets?
New Community Employment Services Corporation holds total assets of $788,400 as reported in IRS 990 filings.
Where is New Community Employment Services Corporation located?
New Community Employment Services Corporation is based in Newark, New Jersey.
What is New Community Employment Services Corporation's EIN?
New Community Employment Services Corporation's Employer Identification Number (EIN) is 222546365. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Community Employment Services Corporation?
New Community Employment Services Corporation is classified under NTEE code J200 (Employment).
Is New Community Employment Services Corporation a registered 501(c)(3)?
Yes, New Community Employment Services Corporation is recognized as a tax-exempt organization by the IRS. EIN: 222546365.
Does New Community Employment Services Corporation file IRS Form 990?
Yes, New Community Employment Services Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Community Employment Services Corporation's revenue in 2023?
In the 202312 filing period, New Community Employment Services Corporation reported total revenue of $2,750,092, total expenses of $2,769,147, and net assets of $862,664.
Is New Community Employment Services Corporation's revenue growing or declining?
New Community Employment Services Corporation's revenue is relatively stable. Revenue went from $2,869,110 (202212) to $2,750,092 (202312), a -4.1% change. Based on 13 filings on record.
What is New Community Employment Services Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for New Community Employment Services Corporation covers tax period 202312. It shows revenue of $2,750,092, expenses of $2,769,147, total assets of $862,664, and liabilities of $312,135.
How much does New Community Employment Services Corporation spend on programs vs administration?
Based on IRS 990 analysis, New Community Employment Services Corporation allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is New Community Employment Services Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, New Community Employment Services Corporation shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for New Community Employment Services Corporation?
The following concerns were identified: Consistent operational deficits across all reported years (e.g., 2023: revenue $2,750,092 vs. expenses $2,769,147).. Significant and continuous decline in total assets from $2,628,564 in 2016 to $788,400 in 2023.. Liabilities have shown an increasing trend in recent years, reaching $312,135 in 2023.. The organization's ability to sustain operations is questionable given the persistent negative net income.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Community Employment Services Corporation's strengths?
Positive indicators for New Community Employment Services Corporation include: Long-standing presence in Newark, NJ, suggesting established community ties.. Consistent revenue generation over the years, albeit often outpaced by expenses.. These findings are derived from AI analysis of the organization's financial filings.
How does New Community Employment Services Corporation compensate executives?
Without specific compensation figures, a detailed assessment of executive compensation is not possible; however, the consistent operational deficits suggest that any significant executive pay would warrant scrutiny. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New Community Employment Services Corporation?
• Financial statements consistently show expenses exceeding revenue, indicating operational deficits. • The organization's assets have steadily declined from $2,628,564 in 2016 to $788,400 in 2023. • No specific executive compensation figures are readily available in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What is the primary driver behind the consistent operational deficits, and what strategies are being implemented to address this financial instability?
The data consistently shows expenses exceeding revenue, indicating a fundamental imbalance. Without detailed expense breakdowns, it's difficult to pinpoint the exact drivers, but it suggests either insufficient revenue generation or uncontrolled spending. The provided data does not detail strategies to address this.
Given the substantial decline in assets, what is the current financial health and long-term viability of the organization?
The significant decline in assets from over $2.6 million to under $800,000 in seven years, coupled with persistent deficits, indicates a deteriorating financial health. This trend raises serious concerns about the organization's long-term viability without significant intervention.
Filing History
IRS 990 filing history for New Community Employment Services Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Community Employment Services Corporation's revenue has declined by 31.2%, moving from $4.0M to $2.8M. Total assets decreased by 80.8% over the same period, from $4.5M to $863K. Total functional expenses fell by 6.2%, from $3.0M to $2.8M. In its most recent filing year (2023), New Community Employment Services Corporation reported a deficit of $19K, with expenses exceeding revenue. The organization holds $312K in liabilities against $863K in assets (debt-to-asset ratio: 36.2%), resulting in net assets of $551K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.8M | $2.8M | $863K | $312K | — | View 990 |
| 2022 | $2.9M | $2.9M | $1.1M | $569K | — | View 990 |
| 2021 | $2.5M | $2.6M | $1.0M | $405K | — | View 990 |
| 2020 | $2.4M | $2.6M | $1.2M | $491K | — | — |
| 2019 | $2.3M | $2.7M | $1.4M | $337K | — | View 990 |
| 2018 | $2.2M | $2.7M | $1.7M | $228K | — | View 990 |
| 2017 | $2.0M | $2.5M | $2.1M | $183K | — | View 990 |
| 2016 | $1.9M | $2.3M | $2.6M | $119K | — | View 990 |
| 2015 | $2.3M | $2.3M | $3.1M | $146K | — | View 990 |
| 2014 | $2.8M | $2.6M | $3.1M | $173K | — | View 990 |
| 2013 | $3.3M | $3.9M | $2.9M | $198K | — | View 990 |
| 2012 | $2.9M | $3.8M | $3.6M | $345K | — | View 990 |
| 2011 | $4.0M | $3.0M | $4.5M | $300K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.8M, expenses of $2.8M, and assets of $863K (revenue -4.1% year-over-year).
- 2022: Revenue of $2.9M, expenses of $2.9M, and assets of $1.1M (revenue +15.1% year-over-year).
- 2021: Revenue of $2.5M, expenses of $2.6M, and assets of $1.0M (revenue +5.8% year-over-year).
- 2020: Revenue of $2.4M, expenses of $2.6M, and assets of $1.2M (revenue +4.1% year-over-year).
- 2019: Revenue of $2.3M, expenses of $2.7M, and assets of $1.4M (revenue +3.2% year-over-year).
- 2018: Revenue of $2.2M, expenses of $2.7M, and assets of $1.7M (revenue +11.1% year-over-year).
- 2017: Revenue of $2.0M, expenses of $2.5M, and assets of $2.1M (revenue +3.2% year-over-year).
- 2016: Revenue of $1.9M, expenses of $2.3M, and assets of $2.6M (revenue -17.5% year-over-year).
- 2015: Revenue of $2.3M, expenses of $2.3M, and assets of $3.1M (revenue -16.7% year-over-year).
- 2014: Revenue of $2.8M, expenses of $2.6M, and assets of $3.1M (revenue -14.9% year-over-year).
- 2013: Revenue of $3.3M, expenses of $3.9M, and assets of $2.9M (revenue +12.9% year-over-year).
- 2012: Revenue of $2.9M, expenses of $3.8M, and assets of $3.6M (revenue -27.5% year-over-year).
- 2011: Revenue of $4.0M, expenses of $3.0M, and assets of $4.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Community Employment Services Corporation:
Data Sources and Methodology
This transparency report for New Community Employment Services 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.