New Jersey Licensed Beverage Association Inc
New Jersey Licensed Beverage Association Inc: Declining Revenue and Asset Base Raise Sustainability Concerns
EIN: 221425659 · Trenton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $383K |
| Total Expenses | $338K |
| Program Spending | 70% |
| Net Assets | $-101,920 |
| Transparency Score | 65/100 |
Is New Jersey Licensed Beverage Association 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 Licensed Beverage Association Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Jersey Licensed Beverage Association Inc
New Jersey Licensed Beverage Association Inc (EIN: 221425659) is a nonprofit organization based in Trenton, NJ. The organization reported total revenue of $383K and total assets of $48K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Licensed Beverage Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Licensed Beverage Association Inc is a small nonprofit that has been operating for 80 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $315K |
| Total Expenses | $338K |
| Surplus / Deficit | $-23,053 |
| Total Assets | $60K |
| Total Liabilities | $162K |
| Net Assets | $-101,920 |
| Operating Margin | -7.3% |
| Debt-to-Asset Ratio | 269.5% |
| Months of Reserves | 2.1 months |
Financial Health Grade: D
In 2023, New Jersey Licensed Beverage Association Inc reported a deficit of $23K with expenses exceeding revenue, holds 2.1 months of operating reserves (limited), has a debt-to-asset ratio of 269.5% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Licensed Beverage Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +24.1% | +6.1% | -38.8% |
| 2022 | -13.2% | +1.8% | -40.0% |
| 2021 | +45.6% | +10.0% | -8.9% |
| 2020 | -26.9% | -6.9% | +136.7% |
| 2019 | -22.8% | -1.3% | -21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1946 |
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 Licensed Beverage Association Inc 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, New Jersey Licensed Beverage Association Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $23K, with expenses exceeding revenue.
- Debt-to-asset ratio: 269.5%.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data.
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 Licensed Beverage Association Inc's IRS 990 filings:
- Total revenue has shown a general decline from $355,873 in 2018 to $314,738 in 2023, indicating potential financial instability.
- Net assets have significantly decreased from $179,664 in 2020 to $60,136 in 2023, suggesting a depletion of reserves.
- The organization consistently spends more than its revenue, with expenses exceeding revenue in all provided years (e.g., $337,791 expenses vs. $314,738 revenue in 2023).
Strengths
The following positive indicators were identified for New Jersey Licensed Beverage Association Inc:
- The organization has maintained operations for several years, indicating a degree of resilience despite financial challenges.
- Consistent reporting of financial data through IRS filings demonstrates a commitment to regulatory compliance.
Frequently Asked Questions about New Jersey Licensed Beverage Association Inc
Is New Jersey Licensed Beverage Association Inc a legitimate charity?
New Jersey Licensed Beverage Association Inc (EIN: 221425659) 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: $383K. 3 red flags identified. 2 strengths noted. Financial health grade: D.
How does New Jersey Licensed Beverage Association Inc spend its money?
New Jersey Licensed Beverage Association Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to New Jersey Licensed Beverage Association Inc tax-deductible?
New Jersey Licensed Beverage Association Inc is registered as a tax-exempt nonprofit (EIN: 221425659). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey Licensed Beverage Association Inc's spending goes to programs?
New Jersey Licensed Beverage Association Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New Jersey Licensed Beverage Association Inc located?
New Jersey Licensed Beverage Association Inc is headquartered in Trenton, New Jersey and files with the IRS under EIN 221425659.
How many years of IRS 990 filings does New Jersey Licensed Beverage Association Inc have?
New Jersey Licensed Beverage Association 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 $383K in total revenue.
What does New Jersey Licensed Beverage Association Inc do?
New Jersey Licensed Beverage Association Inc 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 Licensed Beverage Association Inc have?
New Jersey Licensed Beverage Association Inc reported total revenue of $383,151. Based on 13 IRS 990 filings on record.
What are New Jersey Licensed Beverage Association Inc's total assets?
New Jersey Licensed Beverage Association Inc holds total assets of $47,969 as reported in IRS 990 filings.
Where is New Jersey Licensed Beverage Association Inc located?
New Jersey Licensed Beverage Association Inc is based in Trenton, New Jersey.
What is New Jersey Licensed Beverage Association Inc's EIN?
New Jersey Licensed Beverage Association Inc's Employer Identification Number (EIN) is 221425659. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Licensed Beverage Association Inc?
New Jersey Licensed Beverage Association Inc is classified under NTEE code Unknown (Unknown).
Is New Jersey Licensed Beverage Association Inc a registered 501(c)(3)?
New Jersey Licensed Beverage Association Inc appears in IRS records (EIN: 221425659). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Licensed Beverage Association Inc file IRS Form 990?
Yes, New Jersey Licensed Beverage Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Licensed Beverage Association Inc's revenue in 2023?
In the 202312 filing period, New Jersey Licensed Beverage Association Inc reported total revenue of $314,738, total expenses of $337,791, and net assets of $60,136.
Is New Jersey Licensed Beverage Association Inc's revenue growing or declining?
New Jersey Licensed Beverage Association Inc's revenue is growing. Revenue went from $253,604 (202212) to $314,738 (202312), a +24.1% change. Based on 13 filings on record.
What is New Jersey Licensed Beverage Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Licensed Beverage Association Inc covers tax period 202312. It shows revenue of $314,738, expenses of $337,791, total assets of $60,136, and liabilities of $162,056.
How much does New Jersey Licensed Beverage Association Inc spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Licensed Beverage Association Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is New Jersey Licensed Beverage Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Licensed Beverage Association Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for New Jersey Licensed Beverage Association Inc?
The following concerns were identified: Total revenue has shown a general decline from $355,873 in 2018 to $314,738 in 2023, indicating potential financial instability.. Net assets have significantly decreased from $179,664 in 2020 to $60,136 in 2023, suggesting a depletion of reserves.. The organization consistently spends more than its revenue, with expenses exceeding revenue in all provided years (e.g., $337,791 expenses vs. $314,738 revenue in 2023).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Licensed Beverage Association Inc's strengths?
Positive indicators for New Jersey Licensed Beverage Association Inc include: The organization has maintained operations for several years, indicating a degree of resilience despite financial challenges.. Consistent reporting of financial data through IRS filings demonstrates a commitment to regulatory compliance.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Licensed Beverage Association Inc compensate executives?
Executive compensation cannot be assessed as no specific compensation figures are provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent trend of expenses exceeding revenue and the decline in net assets, what is the long-term financial sustainability plan for the New Jersey Licensed Beverage Association Inc?
The provided data indicates a concerning financial trajectory, with expenses consistently outpacing revenue and a significant reduction in net assets. Without a clear strategy to reverse these trends, the organization's long-term sustainability is questionable. A detailed financial recovery plan, including revenue diversification or cost-cutting measures, would be crucial.
Filing History
IRS 990 filing history for New Jersey Licensed Beverage Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Licensed Beverage Association Inc's revenue has grown by 85%, moving from $170K to $315K. Total assets decreased by 43.4% over the same period, from $106K to $60K. Total functional expenses rose by 15.8%, from $292K to $338K. In its most recent filing year (2023), New Jersey Licensed Beverage Association Inc reported a deficit of $23K, with expenses exceeding revenue. The organization holds $162K in liabilities against $60K in assets (debt-to-asset ratio: 269.5%), resulting in net assets of $-101,920.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $315K | $338K | $60K | $162K | — | — |
| 2022 | $254K | $318K | $98K | $162K | — | View 990 |
| 2021 | $292K | $313K | $164K | $163K | — | View 990 |
| 2020 | $201K | $284K | $180K | $171K | — | View 990 |
| 2019 | $275K | $305K | $76K | $21K | — | View 990 |
| 2018 | $356K | $309K | $97K | $403K | — | View 990 |
| 2017 | $220K | $266K | $74K | $426K | — | View 990 |
| 2016 | $237K | $253K | $89K | $395K | — | View 990 |
| 2015 | $254K | $240K | $96K | $386K | — | View 990 |
| 2014 | $299K | $325K | $109K | $413K | — | View 990 |
| 2013 | $201K | $326K | $100K | $389K | — | View 990 |
| 2012 | $201K | $243K | $124K | $286K | — | View 990 |
| 2011 | $170K | $292K | $106K | $227K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $315K, expenses of $338K, and assets of $60K (revenue +24.1% year-over-year).
- 2022: Revenue of $254K, expenses of $318K, and assets of $98K (revenue -13.2% year-over-year).
- 2021: Revenue of $292K, expenses of $313K, and assets of $164K (revenue +45.6% year-over-year).
- 2020: Revenue of $201K, expenses of $284K, and assets of $180K (revenue -26.9% year-over-year).
- 2019: Revenue of $275K, expenses of $305K, and assets of $76K (revenue -22.8% year-over-year).
- 2018: Revenue of $356K, expenses of $309K, and assets of $97K (revenue +61.9% year-over-year).
- 2017: Revenue of $220K, expenses of $266K, and assets of $74K (revenue -7.2% year-over-year).
- 2016: Revenue of $237K, expenses of $253K, and assets of $89K (revenue -6.9% year-over-year).
- 2015: Revenue of $254K, expenses of $240K, and assets of $96K (revenue -14.9% year-over-year).
- 2014: Revenue of $299K, expenses of $325K, and assets of $109K (revenue +49.0% year-over-year).
- 2013: Revenue of $201K, expenses of $326K, and assets of $100K (revenue -0.2% year-over-year).
- 2012: Revenue of $201K, expenses of $243K, and assets of $124K (revenue +18.2% year-over-year).
- 2011: Revenue of $170K, expenses of $292K, and assets of $106K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Licensed Beverage Association Inc:
Data Sources and Methodology
This transparency report for New Jersey Licensed Beverage Association 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.