New Jersey Association For Biomedical Research Inc
Biomedical Research Group Shows Consistent Spending, Limited Growth
EIN: 222994176 · Atco, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $254K |
| Total Expenses | $206K |
| Program Spending | 75% |
| Net Assets | $443K |
| Transparency Score | 75/100 |
Is New Jersey Association For Biomedical Research Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Association For Biomedical Research Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Jersey Association For Biomedical Research Inc
New Jersey Association For Biomedical Research Inc (EIN: 222994176) is a nonprofit organization based in Atco, NJ. The organization reported total revenue of $254K and total assets of $496K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Association For Biomedical Research Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Association For Biomedical Research Inc is a small nonprofit that has been operating for 35 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $244K |
| Total Expenses | $206K |
| Surplus / Deficit | +$38K |
| Total Assets | $443K |
| Net Assets | $443K |
| Operating Margin | 15.5% |
| Months of Reserves | 25.8 months |
Financial Health Grade: A
In 2023, New Jersey Association For Biomedical Research Inc reported a surplus of $38K with revenue exceeding expenses, holds 25.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Association For Biomedical Research Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.2% | +31.3% | +4.8% |
| 2022 | +0.4% | -7.1% | -9.9% |
| 2021 | +9.3% | +5.7% | +20.0% |
| 2020 | -2.9% | -8.7% | +7.3% |
| 2019 | +15.1% | +3.5% | +13.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1991 |
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 Jersey Association For Biomedical Research 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, New Jersey Association For Biomedical Research Inc 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 surplus of $38K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not detailed in the provided data, making it impossible to assess specific amounts or reasonableness.
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 Jersey Association For Biomedical Research Inc's IRS 990 filings:
- Lack of detailed program descriptions or impact metrics makes it difficult to assess the effectiveness of their biomedical research efforts.
- The organization's revenue has shown limited growth over the past several years, with some fluctuations.
Strengths
The following positive indicators were identified for New Jersey Association For Biomedical Research Inc:
- Consistent financial reporting over multiple years.
- Maintains a healthy asset base relative to its revenue.
- Low fundraising costs based on the provided expense data.
Frequently Asked Questions about New Jersey Association For Biomedical Research Inc
Is New Jersey Association For Biomedical Research Inc a legitimate charity?
New Jersey Association For Biomedical Research Inc (EIN: 222994176) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $254K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does New Jersey Association For Biomedical Research Inc spend its money?
New Jersey Association For Biomedical Research Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New Jersey Association For Biomedical Research Inc tax-deductible?
New Jersey Association For Biomedical Research Inc is registered as a tax-exempt nonprofit (EIN: 222994176). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey Association For Biomedical Research Inc's spending goes to programs?
New Jersey Association For Biomedical Research Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Jersey Association For Biomedical Research Inc located?
New Jersey Association For Biomedical Research Inc is headquartered in Atco, New Jersey and files with the IRS under EIN 222994176.
How many years of IRS 990 filings does New Jersey Association For Biomedical Research Inc have?
New Jersey Association For Biomedical Research Inc 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 $254K in total revenue.
What does New Jersey Association For Biomedical Research Inc do?
New Jersey Association For Biomedical Research Inc is a nonprofit organization in the Unknown sector, located in Atco, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey Association For Biomedical Research Inc have?
New Jersey Association For Biomedical Research Inc reported total revenue of $253,778. Based on 13 IRS 990 filings on record.
What are New Jersey Association For Biomedical Research Inc's total assets?
New Jersey Association For Biomedical Research Inc holds total assets of $495,522 as reported in IRS 990 filings.
Where is New Jersey Association For Biomedical Research Inc located?
New Jersey Association For Biomedical Research Inc is based in Atco, New Jersey.
What is New Jersey Association For Biomedical Research Inc's EIN?
New Jersey Association For Biomedical Research Inc's Employer Identification Number (EIN) is 222994176. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Association For Biomedical Research Inc?
New Jersey Association For Biomedical Research Inc is classified under NTEE code Unknown (Unknown).
Is New Jersey Association For Biomedical Research Inc a registered 501(c)(3)?
New Jersey Association For Biomedical Research Inc appears in IRS records (EIN: 222994176). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Association For Biomedical Research Inc file IRS Form 990?
Yes, New Jersey Association For Biomedical Research Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Association For Biomedical Research Inc's revenue in 2023?
In the 202312 filing period, New Jersey Association For Biomedical Research Inc reported total revenue of $243,978, total expenses of $206,061, and net assets of $443,076.
Is New Jersey Association For Biomedical Research Inc's revenue growing or declining?
New Jersey Association For Biomedical Research Inc's revenue is growing. Revenue went from $180,468 (202212) to $243,978 (202312), a +35.2% change. Based on 13 filings on record.
What is New Jersey Association For Biomedical Research Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Association For Biomedical Research Inc covers tax period 202312. It shows revenue of $243,978, expenses of $206,061, total assets of $443,076, and liabilities of N/A.
How much does New Jersey Association For Biomedical Research Inc spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Association For Biomedical Research Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is New Jersey Association For Biomedical Research Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Association For Biomedical Research Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for New Jersey Association For Biomedical Research Inc?
The following concerns were identified: Lack of detailed program descriptions or impact metrics makes it difficult to assess the effectiveness of their biomedical research efforts.. The organization's revenue has shown limited growth over the past several years, with some fluctuations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Association For Biomedical Research Inc's strengths?
Positive indicators for New Jersey Association For Biomedical Research Inc include: Consistent financial reporting over multiple years.. Maintains a healthy asset base relative to its revenue.. Low fundraising costs based on the provided expense data.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Association For Biomedical Research Inc compensate executives?
Executive compensation is not detailed in the provided data, making it impossible to assess specific amounts or reasonableness. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' in the financial filings, what is the actual percentage of revenue spent on fundraising activities?
The 'c0%' likely indicates no specific fundraising costs are broken out as a separate category, or they are negligible and absorbed into administrative expenses. Without more detailed expense breakdowns, it's difficult to pinpoint the exact percentage, but it suggests a very low direct fundraising spend.
How does the organization's consistent expense level (e.g., $206,061 in 2023) align with its stated mission of biomedical research, and what specific activities does this funding support?
The consistent expense level suggests stable operations. However, without a breakdown of these expenses into specific research projects, grants, or educational initiatives, it's unclear how effectively these funds are directly advancing biomedical research. Further program details are needed to assess alignment.
Filing History
IRS 990 filing history for New Jersey Association For Biomedical Research Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Association For Biomedical Research Inc's revenue has declined by 30.5%, moving from $351K to $244K. Total assets increased by 67.8% over the same period, from $264K to $443K. Total functional expenses fell by 55.5%, from $463K to $206K. In its most recent filing year (2023), New Jersey Association For Biomedical Research Inc reported a surplus of $38K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $244K | $206K | $443K | $0 | — | — |
| 2022 | $180K | $157K | $423K | $53K | — | View 990 |
| 2021 | $180K | $169K | $469K | $45K | — | View 990 |
| 2020 | $165K | $160K | $391K | $0 | — | View 990 |
| 2019 | $170K | $175K | $364K | $10K | — | View 990 |
| 2018 | $147K | $169K | $320K | $0 | — | View 990 |
| 2017 | $272K | $207K | $366K | $0 | — | — |
| 2016 | $209K | $174K | $291K | $0 | — | View 990 |
| 2015 | $242K | $185K | $252K | $750 | — | View 990 |
| 2014 | $241K | $186K | $198K | $750 | — | View 990 |
| 2013 | $239K | $294K | $147K | $11K | — | View 990 |
| 2012 | $383K | $418K | $216K | $35K | — | View 990 |
| 2011 | $351K | $463K | $264K | $64K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $244K, expenses of $206K, and assets of $443K (revenue +35.2% year-over-year).
- 2022: Revenue of $180K, expenses of $157K, and assets of $423K (revenue +0.4% year-over-year).
- 2021: Revenue of $180K, expenses of $169K, and assets of $469K (revenue +9.3% year-over-year).
- 2020: Revenue of $165K, expenses of $160K, and assets of $391K (revenue -2.9% year-over-year).
- 2019: Revenue of $170K, expenses of $175K, and assets of $364K (revenue +15.1% year-over-year).
- 2018: Revenue of $147K, expenses of $169K, and assets of $320K (revenue -45.9% year-over-year).
- 2017: Revenue of $272K, expenses of $207K, and assets of $366K (revenue +30.1% year-over-year).
- 2016: Revenue of $209K, expenses of $174K, and assets of $291K (revenue -13.4% year-over-year).
- 2015: Revenue of $242K, expenses of $185K, and assets of $252K (revenue +0.4% year-over-year).
- 2014: Revenue of $241K, expenses of $186K, and assets of $198K (revenue +0.9% year-over-year).
- 2013: Revenue of $239K, expenses of $294K, and assets of $147K (revenue -37.8% year-over-year).
- 2012: Revenue of $383K, expenses of $418K, and assets of $216K (revenue +9.3% year-over-year).
- 2011: Revenue of $351K, expenses of $463K, and assets of $264K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Association For Biomedical Research Inc:
Data Sources and Methodology
This transparency report for New Jersey Association For Biomedical Research 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.