New Jersey Association On Correction
New Jersey Association On Correction: Consistent Revenue, High Program Spending
EIN: 221729877 · Trenton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $12.6M |
| Total Expenses | $12.4M |
| Program Spending | 88% |
| Net Assets | $5.3M |
| Transparency Score | 75/100 |
Is New Jersey Association On Correction Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Association On Correction directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Jersey Association On Correction
New Jersey Association On Correction (EIN: 221729877) is a nonprofit organization based in Trenton, NJ. The organization reported total revenue of $12.6M and total assets of $9.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Association On Correction's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Association On Correction is a large nonprofit that has been operating for 64 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.8M |
| Total Expenses | $12.4M |
| Surplus / Deficit | $-547,782 |
| Total Assets | $9.2M |
| Total Liabilities | $3.9M |
| Net Assets | $5.3M |
| Operating Margin | -4.6% |
| Debt-to-Asset Ratio | 42.8% |
| Months of Reserves | 8.9 months |
Financial Health Grade: B
In 2023, New Jersey Association On Correction reported a deficit of $548K with expenses exceeding revenue, holds 8.9 months of operating reserves (strong position), has a debt-to-asset ratio of 42.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Association On Correction's revenue has grown at a compound annual growth rate (CAGR) of 2.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.6% | +10.4% | -7.2% |
| 2022 | -0.5% | +1.5% | +20.4% |
| 2021 | +28.4% | +15.6% | +16.5% |
| 2020 | +21.8% | +14.9% | +33.6% |
| 2019 | +3.3% | +3.0% | -9.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1962 |
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 On Correction 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, New Jersey Association On Correction allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 $548K, with expenses exceeding revenue.
- Debt-to-asset ratio: 42.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the organization reports 0% compensation for its board, suggesting a lean administrative overhead.
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.
Strengths
The following positive indicators were identified for New Jersey Association On Correction:
- Consistently high program spending, with 88% of expenses dedicated to programs in 2023.
- Stable revenue streams over the past several years, demonstrating financial resilience.
- Healthy asset base of $9,446,670 in 2023, providing financial stability.
Frequently Asked Questions about New Jersey Association On Correction
Is New Jersey Association On Correction a legitimate charity?
New Jersey Association On Correction (EIN: 221729877) 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: $12.6M. No red flags identified. 3 strengths noted. Financial health grade: B.
How does New Jersey Association On Correction spend its money?
New Jersey Association On Correction directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Jersey Association On Correction tax-deductible?
New Jersey Association On Correction is registered as a tax-exempt nonprofit (EIN: 221729877). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey Association On Correction's spending goes to programs?
New Jersey Association On Correction directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Jersey Association On Correction located?
New Jersey Association On Correction is headquartered in Trenton, New Jersey and files with the IRS under EIN 221729877.
How many years of IRS 990 filings does New Jersey Association On Correction have?
New Jersey Association On Correction 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 $12.6M in total revenue.
What does New Jersey Association On Correction do?
New Jersey Association On Correction is a nonprofit organization in the Unknown sector, located in Trenton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey Association On Correction have?
New Jersey Association On Correction reported total revenue of $12,643,657. Based on 13 IRS 990 filings on record.
What are New Jersey Association On Correction's total assets?
New Jersey Association On Correction holds total assets of $9,446,670 as reported in IRS 990 filings.
Where is New Jersey Association On Correction located?
New Jersey Association On Correction is based in Trenton, New Jersey.
What is New Jersey Association On Correction's EIN?
New Jersey Association On Correction's Employer Identification Number (EIN) is 221729877. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Association On Correction?
New Jersey Association On Correction is classified under NTEE code Unknown (Unknown).
Is New Jersey Association On Correction a registered 501(c)(3)?
New Jersey Association On Correction appears in IRS records (EIN: 221729877). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Association On Correction file IRS Form 990?
Yes, New Jersey Association On Correction has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was New Jersey Association On Correction's revenue in 2023?
In the 202306 filing period, New Jersey Association On Correction reported total revenue of $11,802,525, total expenses of $12,350,307, and net assets of $9,187,471.
Is New Jersey Association On Correction's revenue growing or declining?
New Jersey Association On Correction's revenue is declining. Revenue went from $12,637,889 (202206) to $11,802,525 (202306), a -6.6% change. Based on 13 filings on record.
What is New Jersey Association On Correction's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Association On Correction covers tax period 202306. It shows revenue of $11,802,525, expenses of $12,350,307, total assets of $9,187,471, and liabilities of $3,932,618.
How much does New Jersey Association On Correction spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Association On Correction allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is New Jersey Association On Correction a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Association On Correction appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are New Jersey Association On Correction's strengths?
Positive indicators for New Jersey Association On Correction include: Consistently high program spending, with 88% of expenses dedicated to programs in 2023.. Stable revenue streams over the past several years, demonstrating financial resilience.. Healthy asset base of $9,446,670 in 2023, providing financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Association On Correction compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the organization reports 0% compensation for its board, suggesting a lean administrative overhead. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization maintain such a high percentage of program spending while managing a significant asset base?
The organization's ability to maintain high program spending (88% in 2023) alongside a substantial asset base suggests efficient operational management and potentially significant non-cash contributions or investment income that supports program delivery without heavily drawing from liquid assets for administrative costs.
What factors contribute to the consistent revenue figures despite fluctuations in the broader economic environment?
The consistent revenue figures, hovering around $12-12.6 million in recent years, could be attributed to stable government contracts, long-term grants, or a diversified funding base that is less susceptible to economic volatility, indicating robust fundraising and partnership strategies.
Filing History
IRS 990 filing history for New Jersey Association On Correction showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Association On Correction's revenue has grown by 33.5%, moving from $8.8M to $11.8M. Total assets increased by 22.5% over the same period, from $7.5M to $9.2M. Total functional expenses rose by 37.5%, from $9.0M to $12.4M. In its most recent filing year (2023), New Jersey Association On Correction reported a deficit of $548K, with expenses exceeding revenue. The organization holds $3.9M in liabilities against $9.2M in assets (debt-to-asset ratio: 42.8%), resulting in net assets of $5.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.8M | $12.4M | $9.2M | $3.9M | — | View 990 |
| 2022 | $12.6M | $11.2M | $9.9M | $4.1M | — | View 990 |
| 2021 | $12.7M | $11.0M | $8.2M | $3.9M | — | View 990 |
| 2020 | $9.9M | $9.5M | $7.1M | $4.4M | — | View 990 |
| 2019 | $8.1M | $8.3M | $5.3M | $3.0M | — | View 990 |
| 2018 | $7.9M | $8.0M | $5.8M | $3.3M | — | View 990 |
| 2017 | $7.2M | $7.3M | $5.9M | $3.2M | — | View 990 |
| 2016 | $7.0M | $7.1M | $6.2M | $3.5M | — | View 990 |
| 2015 | $7.6M | $7.8M | $7.0M | $4.1M | — | View 990 |
| 2014 | $7.9M | $8.3M | $7.3M | $4.2M | — | View 990 |
| 2013 | $9.0M | $8.6M | $7.4M | $3.9M | — | View 990 |
| 2012 | $8.7M | $8.9M | $6.9M | $4.3M | — | View 990 |
| 2011 | $8.8M | $9.0M | $7.5M | $4.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.8M, expenses of $12.4M, and assets of $9.2M (revenue -6.6% year-over-year).
- 2022: Revenue of $12.6M, expenses of $11.2M, and assets of $9.9M (revenue -0.5% year-over-year).
- 2021: Revenue of $12.7M, expenses of $11.0M, and assets of $8.2M (revenue +28.4% year-over-year).
- 2020: Revenue of $9.9M, expenses of $9.5M, and assets of $7.1M (revenue +21.8% year-over-year).
- 2019: Revenue of $8.1M, expenses of $8.3M, and assets of $5.3M (revenue +3.3% year-over-year).
- 2018: Revenue of $7.9M, expenses of $8.0M, and assets of $5.8M (revenue +8.8% year-over-year).
- 2017: Revenue of $7.2M, expenses of $7.3M, and assets of $5.9M (revenue +3.7% year-over-year).
- 2016: Revenue of $7.0M, expenses of $7.1M, and assets of $6.2M (revenue -8.6% year-over-year).
- 2015: Revenue of $7.6M, expenses of $7.8M, and assets of $7.0M (revenue -3.2% year-over-year).
- 2014: Revenue of $7.9M, expenses of $8.3M, and assets of $7.3M (revenue -12.6% year-over-year).
- 2013: Revenue of $9.0M, expenses of $8.6M, and assets of $7.4M (revenue +3.3% year-over-year).
- 2012: Revenue of $8.7M, expenses of $8.9M, and assets of $6.9M (revenue -1.3% year-over-year).
- 2011: Revenue of $8.8M, expenses of $9.0M, and assets of $7.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Association On Correction:
Data Sources and Methodology
This transparency report for New Jersey Association On Correction 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.