New Jersey Black Empowerment Coalition Inc
EIN: 861931489 · Maplewood, NJ · NTEE: R01
| Metric | Value |
|---|---|
| Total Revenue | $207K |
| Total Expenses | $162K |
| Net Assets | $261K |
Is New Jersey Black Empowerment Coalition Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Jersey Black Empowerment Coalition Inc
New Jersey Black Empowerment Coalition Inc (EIN: 861931489) is a nonprofit organization based in Maplewood, NJ, classified under NTEE code R01. The organization reported total revenue of $207K and total assets of $267K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Black Empowerment Coalition Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Black Empowerment Coalition Inc is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -77.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $26K |
| Total Expenses | $162K |
| Surplus / Deficit | $-136,278 |
| Total Assets | $261K |
| Net Assets | $261K |
| Operating Margin | -526.4% |
| Months of Reserves | 19.3 months |
Financial Health Grade: B
In 2023, New Jersey Black Empowerment Coalition Inc reported a deficit of $136K with expenses exceeding revenue, holds 19.3 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), New Jersey Black Empowerment Coalition Inc's revenue has declined at a compound annual growth rate (CAGR) of -77.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +16932.2% | +57.2% | -34.3% |
| 2022 | -100.0% | +2520.3% | -20.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Jersey Black Empowerment Coalition Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Jersey Black Empowerment Coalition Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $136K, with expenses exceeding revenue.
Frequently Asked Questions about New Jersey Black Empowerment Coalition Inc
Is New Jersey Black Empowerment Coalition Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey Black Empowerment Coalition Inc (EIN: 861931489) insufficient data. 0 red flags identified, 0 strengths noted.
How does New Jersey Black Empowerment Coalition Inc spend its money?
Detailed spending breakdown data is not yet available for New Jersey Black Empowerment Coalition Inc. Check back for updated IRS 990 analysis.
Are donations to New Jersey Black Empowerment Coalition Inc tax-deductible?
New Jersey Black Empowerment Coalition Inc is registered as a tax-exempt nonprofit (EIN: 861931489). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Jersey Black Empowerment Coalition Inc located?
New Jersey Black Empowerment Coalition Inc is headquartered in Maplewood, New Jersey and files with the IRS under EIN 861931489. It is classified under NTEE code R01.
How many years of IRS 990 filings does New Jersey Black Empowerment Coalition Inc have?
New Jersey Black Empowerment Coalition Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $207K in total revenue.
Filing History
IRS 990 filing history for New Jersey Black Empowerment Coalition Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), New Jersey Black Empowerment Coalition Inc's revenue has declined by 94.9%, moving from $504K to $26K. Total assets decreased by 47.8% over the same period, from $500K to $261K. Total functional expenses rose by 4018%, from $4K to $162K. In its most recent filing year (2023), New Jersey Black Empowerment Coalition Inc reported a deficit of $136K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $26K | $162K | $261K | $0 | — | — |
| 2022 | $152 | $103K | $397K | $0 | — | View 990 |
| 2021 | $504K | $4K | $500K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $26K, expenses of $162K, and assets of $261K (revenue +16932.2% year-over-year).
- 2022: Revenue of $152, expenses of $103K, and assets of $397K (revenue -100.0% year-over-year).
- 2021: Revenue of $504K, expenses of $4K, and assets of $500K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Black Empowerment Coalition Inc:
Data Sources and Methodology
This transparency report for New Jersey Black Empowerment Coalition 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.