New Jersey Financial Service Centers
Small NJ Financial Service Center with Declining Revenue
EIN: 222283659 · Clifton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $212K |
| Total Expenses | $199K |
| CEO/Top Officer Pay | $150,000 |
| Net Assets | $30K |
| Transparency Score | 45/100 |
Is New Jersey Financial Service Centers Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Jersey Financial Service Centers
New Jersey Financial Service Centers (EIN: 222283659) is a nonprofit organization based in Clifton, NJ. The organization reported total revenue of $212K and total assets of $27K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Financial Service Centers's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Financial Service Centers is a small 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 -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $199K |
| Total Expenses | $199K |
| Surplus / Deficit | $-22 |
| Total Assets | $30K |
| Net Assets | $30K |
| Operating Margin | -0.0% |
| Months of Reserves | 1.8 months |
Financial Health Grade: C
In 2023, New Jersey Financial Service Centers reported a deficit of $22 with expenses exceeding revenue, holds 1.8 months of operating reserves (limited).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Financial Service Centers's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.7% | -5.5% | -0.1% |
| 2022 | +4.8% | +13.4% | -36.0% |
| 2021 | -6.2% | -1.0% | -2.1% |
| 2020 | -15.2% | -17.8% | +24.4% |
| 2019 | -7.3% | -11.5% | +12.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 Jersey Financial Service Centers with a Mission Score of 45 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: 100%
- programs: 0%
- fundraising: 0%
According to IRS 990 filings, New Jersey Financial Service Centers allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $22, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not reported in available filings, suggesting it is below the $150,000 threshold for disclosure.
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 Financial Service Centers's IRS 990 filings:
- Zero program service expenses reported across all available years, raising questions about charitable activities.
- Consistent decline in revenue from $268,568 in 2016 to $198,640 in 2023.
- Net assets have decreased significantly from $45,395 in 2016 to $30,161 in 2023.
Strengths
The following positive indicators were identified for New Jersey Financial Service Centers:
- Maintains a positive net asset balance, indicating some financial stability despite revenue decline.
Frequently Asked Questions about New Jersey Financial Service Centers
Is New Jersey Financial Service Centers a legitimate charity?
New Jersey Financial Service Centers (EIN: 222283659) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 45/100. It has 13 years of IRS 990 filings on record. Total revenue: $212K. 3 red flags identified. 1 strength noted. Financial health grade: C.
How does New Jersey Financial Service Centers spend its money?
New Jersey Financial Service Centers reported $212K in total revenue in IRS 990 filings. 13 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Jersey Financial Service Centers tax-deductible?
New Jersey Financial Service Centers is registered as a tax-exempt nonprofit (EIN: 222283659). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Jersey Financial Service Centers CEO make?
New Jersey Financial Service Centers's highest-compensated officer earns $150,000 annually. The organization reported $212K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
Where is New Jersey Financial Service Centers located?
New Jersey Financial Service Centers is headquartered in Clifton, New Jersey and files with the IRS under EIN 222283659.
How many years of IRS 990 filings does New Jersey Financial Service Centers have?
New Jersey Financial Service Centers 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 $212K in total revenue.
What does New Jersey Financial Service Centers do?
New Jersey Financial Service Centers is a nonprofit organization in the Unknown sector, located in Clifton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey Financial Service Centers have?
New Jersey Financial Service Centers reported total revenue of $212,266. Based on 13 IRS 990 filings on record.
What are New Jersey Financial Service Centers's total assets?
New Jersey Financial Service Centers holds total assets of $27,320 as reported in IRS 990 filings.
Where is New Jersey Financial Service Centers located?
New Jersey Financial Service Centers is based in Clifton, New Jersey.
What is New Jersey Financial Service Centers's EIN?
New Jersey Financial Service Centers's Employer Identification Number (EIN) is 222283659. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Financial Service Centers?
New Jersey Financial Service Centers is classified under NTEE code Unknown (Unknown).
Is New Jersey Financial Service Centers a registered 501(c)(3)?
New Jersey Financial Service Centers appears in IRS records (EIN: 222283659). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Financial Service Centers file IRS Form 990?
Yes, New Jersey Financial Service Centers has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Financial Service Centers's revenue in 2023?
In the 202312 filing period, New Jersey Financial Service Centers reported total revenue of $198,640, total expenses of $198,662, and net assets of $30,161.
Is New Jersey Financial Service Centers's revenue growing or declining?
New Jersey Financial Service Centers's revenue is relatively stable. Revenue went from $193,348 (202212) to $198,640 (202312), a +2.7% change. Based on 13 filings on record.
What is New Jersey Financial Service Centers's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Financial Service Centers covers tax period 202312. It shows revenue of $198,640, expenses of $198,662, total assets of $30,161, and liabilities of N/A.
Is New Jersey Financial Service Centers a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Financial Service Centers shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 1 strength noted.
What are the red flags for New Jersey Financial Service Centers?
The following concerns were identified: Zero program service expenses reported across all available years, raising questions about charitable activities.. Consistent decline in revenue from $268,568 in 2016 to $198,640 in 2023.. Net assets have decreased significantly from $45,395 in 2016 to $30,161 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Financial Service Centers's strengths?
Positive indicators for New Jersey Financial Service Centers include: Maintains a positive net asset balance, indicating some financial stability despite revenue decline.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Financial Service Centers compensate executives?
Executive compensation is not reported in available filings, suggesting it is below the $150,000 threshold for disclosure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent reporting of zero program service expenses, what is the primary charitable activity or purpose of New Jersey Financial Service Centers?
The filings do not provide sufficient detail to understand the organization's charitable activities, as all expenses are categorized as administrative.
Filing History
IRS 990 filing history for New Jersey Financial Service Centers showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Financial Service Centers's revenue has declined by 9.5%, moving from $220K to $199K. Total assets decreased by 57.5% over the same period, from $71K to $30K. Total functional expenses fell by 12.1%, from $226K to $199K. In its most recent filing year (2023), New Jersey Financial Service Centers reported a deficit of $22, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $199K | $199K | $30K | $0 | — | — |
| 2022 | $193K | $210K | $30K | $0 | — | View 990 |
| 2021 | $184K | $185K | $47K | $0 | — | View 990 |
| 2020 | $197K | $187K | $48K | $0 | — | View 990 |
| 2019 | $232K | $228K | $39K | $0 | — | — |
| 2018 | $250K | $257K | $34K | $0 | — | View 990 |
| 2017 | $262K | $266K | $42K | $0 | — | — |
| 2016 | $269K | $257K | $45K | $0 | — | View 990 |
| 2015 | $253K | $242K | $34K | $0 | — | View 990 |
| 2014 | $211K | $238K | $24K | $0 | — | View 990 |
| 2013 | $245K | $206K | $51K | $0 | — | View 990 |
| 2012 | $235K | $295K | $11K | $0 | — | View 990 |
| 2011 | $220K | $226K | $71K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $199K, expenses of $199K, and assets of $30K (revenue +2.7% year-over-year).
- 2022: Revenue of $193K, expenses of $210K, and assets of $30K (revenue +4.8% year-over-year).
- 2021: Revenue of $184K, expenses of $185K, and assets of $47K (revenue -6.2% year-over-year).
- 2020: Revenue of $197K, expenses of $187K, and assets of $48K (revenue -15.2% year-over-year).
- 2019: Revenue of $232K, expenses of $228K, and assets of $39K (revenue -7.3% year-over-year).
- 2018: Revenue of $250K, expenses of $257K, and assets of $34K (revenue -4.4% year-over-year).
- 2017: Revenue of $262K, expenses of $266K, and assets of $42K (revenue -2.5% year-over-year).
- 2016: Revenue of $269K, expenses of $257K, and assets of $45K (revenue +6.3% year-over-year).
- 2015: Revenue of $253K, expenses of $242K, and assets of $34K (revenue +19.8% year-over-year).
- 2014: Revenue of $211K, expenses of $238K, and assets of $24K (revenue -14.1% year-over-year).
- 2013: Revenue of $245K, expenses of $206K, and assets of $51K (revenue +4.5% year-over-year).
- 2012: Revenue of $235K, expenses of $295K, and assets of $11K (revenue +7.0% year-over-year).
- 2011: Revenue of $220K, expenses of $226K, and assets of $71K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Financial Service Centers:
Data Sources and Methodology
This transparency report for New Jersey Financial Service Centers 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.