New Jersey Property Liability
New Jersey Property Liability: Stable Finances, Limited Public Mission
EIN: 222559832 · Basking Ridge, NJ · Updated: 2026-04-04
Is New Jersey Property Liability 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 Property Liability
New Jersey Property Liability (EIN: 222559832) is a nonprofit organization based in Basking Ridge, NJ. The organization reported total revenue of $461.5M and total assets of $300.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Property Liability's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates New Jersey Property Liability with a Mission Score of 20 out of 100 (Poor). 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 Property Liability allocates its expenses as follows: admin: 100%, programs: 0%, fundraising: 0%.
Executive Compensation Analysis
Executive compensation appears to be a significant portion of expenses, with total expenses consistently around $100 million annually, and no program service expenses reported, suggesting administrative and compensation costs are the primary outflows.
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 Property Liability's IRS 990 filings:
- Reports 0% program service expenses across all available filings, raising questions about its charitable purpose.
- The organization's name suggests a public benefit, but financial data indicates no direct public programs.
- Significant assets ($300M+) with no reported program spending.
Strengths
The following positive indicators were identified for New Jersey Property Liability:
- Consistently maintains a strong asset base, with assets exceeding liabilities.
- Regularly files financial reports, indicating compliance with reporting requirements.
- Stable revenue streams over several years.
Frequently Asked Questions about New Jersey Property Liability
Is New Jersey Property Liability a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey Property Liability (EIN: 222559832) significant concerns. Mission Score: 20/100. 3 red flags identified, 3 strengths noted.
How does New Jersey Property Liability spend its money?
Detailed spending breakdown data is not yet available for New Jersey Property Liability. Check back for updated IRS 990 analysis.
Are donations to New Jersey Property Liability tax-deductible?
New Jersey Property Liability is registered as a tax-exempt nonprofit (EIN: 222559832). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does New Jersey Property Liability do?
New Jersey Property Liability is a nonprofit organization in the Unknown sector, located in Basking Ridge, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey Property Liability have?
New Jersey Property Liability reported total revenue of $461,528,896. Based on 13 IRS 990 filings on record.
What are New Jersey Property Liability's total assets?
New Jersey Property Liability holds total assets of $300,761,800 as reported in IRS 990 filings.
Where is New Jersey Property Liability located?
New Jersey Property Liability is based in Basking Ridge, New Jersey.
What is New Jersey Property Liability's EIN?
New Jersey Property Liability's Employer Identification Number (EIN) is 222559832. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Property Liability?
New Jersey Property Liability is classified under NTEE code Unknown (Unknown).
Is New Jersey Property Liability a registered 501(c)(3)?
New Jersey Property Liability appears in IRS records (EIN: 222559832). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Property Liability file IRS Form 990?
Yes, New Jersey Property Liability has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Property Liability's revenue in 2023?
In the 202312 filing period, New Jersey Property Liability reported total revenue of $126,274,416, total expenses of $96,993,925, and net assets of $303,216,188.
Is New Jersey Property Liability's revenue growing or declining?
New Jersey Property Liability's revenue is growing. Revenue went from $101,872,999 (202212) to $126,274,416 (202312), a +24.0% change. Based on 13 filings on record.
What is New Jersey Property Liability's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Property Liability covers tax period 202312. It shows revenue of $126,274,416, expenses of $96,993,925, total assets of $303,216,188, and liabilities of $2,555,639.
Is New Jersey Property Liability a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Property Liability has notable concerns. Mission Score: 20/100 (Poor). 3 red flags identified. 3 strengths noted.
What are the red flags for New Jersey Property Liability?
The following concerns were identified: Reports 0% program service expenses across all available filings, raising questions about its charitable purpose.. The organization's name suggests a public benefit, but financial data indicates no direct public programs.. Significant assets ($300M+) with no reported program spending.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Property Liability's strengths?
Positive indicators for New Jersey Property Liability include: Consistently maintains a strong asset base, with assets exceeding liabilities.. Regularly files financial reports, indicating compliance with reporting requirements.. Stable revenue streams over several years.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Property Liability compensate executives?
Executive compensation appears to be a significant portion of expenses, with total expenses consistently around $100 million annually, and no program service expenses reported, suggesting administrative and compensation costs are the primary outflows. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the organization's name 'New Jersey Property Liability' and its consistent reporting of 0% program service expenses, what is the actual public benefit or charitable activity it undertakes?
Based on the provided financial data, the organization does not report any direct program service expenses. Its activities appear to be focused on managing its assets and covering administrative costs, rather than direct charitable programs for property or liability issues in New Jersey.
How does an organization with over $300 million in assets and annual revenues exceeding $100 million justify zero program spending in the context of being a nonprofit?
Without further context beyond the provided financial data, it's challenging to fully justify zero program spending for a nonprofit with such substantial resources. This structure suggests it might serve a very specific, perhaps indirect, public benefit not captured by typical program expense reporting, or it may function more as a holding entity or a specific type of risk pool rather than a traditional service-delivery nonprofit.
Filing History
IRS 990 filing history for New Jersey Property Liability showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Property Liability's revenue has declined by 5.6%, moving from $133.7M to $126.3M. Total assets increased by 17.2% over the same period, from $258.7M to $303.2M. Total functional expenses fell by 43.6%, from $172.0M to $97.0M. In its most recent filing year (2023), New Jersey Property Liability reported a surplus of $29.3M, with revenue exceeding expenses. The organization holds $2.6M in liabilities against $303.2M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $300.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $126.3M | $97.0M | $303.2M | $2.6M | — | — |
| 2022 | $101.9M | $98.4M | $273.6M | $2.2M | — | — |
| 2021 | $113.4M | $99.7M | $270.1M | $2.2M | — | View 990 |
| 2020 | $115.1M | $108.4M | $256.0M | $1.8M | — | — |
| 2019 | $128.6M | $131.3M | $251.0M | $3.5M | — | View 990 |
| 2018 | $126.6M | $142.7M | $253.8M | $3.6M | — | View 990 |
| 2017 | $105.8M | $116.6M | $269.6M | $3.3M | — | View 990 |
| 2016 | $103.7M | $105.5M | $281.1M | $4.0M | — | View 990 |
| 2015 | $150.7M | $126.3M | $282.8M | $3.9M | — | View 990 |
| 2014 | $154.4M | $148.3M | $254.8M | $237K | — | View 990 |
| 2013 | $128.4M | $134.7M | $248.8M | $398K | — | View 990 |
| 2012 | $133.5M | $137.2M | $255.0M | $400K | — | View 990 |
| 2011 | $133.7M | $172.0M | $258.7M | $390K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $126.3M, expenses of $97.0M, and assets of $303.2M (revenue +24.0% year-over-year).
- 2022: Revenue of $101.9M, expenses of $98.4M, and assets of $273.6M (revenue -10.2% year-over-year).
- 2021: Revenue of $113.4M, expenses of $99.7M, and assets of $270.1M (revenue -1.5% year-over-year).
- 2020: Revenue of $115.1M, expenses of $108.4M, and assets of $256.0M (revenue -10.5% year-over-year).
- 2019: Revenue of $128.6M, expenses of $131.3M, and assets of $251.0M (revenue +1.6% year-over-year).
- 2018: Revenue of $126.6M, expenses of $142.7M, and assets of $253.8M (revenue +19.7% year-over-year).
- 2017: Revenue of $105.8M, expenses of $116.6M, and assets of $269.6M (revenue +2.0% year-over-year).
- 2016: Revenue of $103.7M, expenses of $105.5M, and assets of $281.1M (revenue -31.2% year-over-year).
- 2015: Revenue of $150.7M, expenses of $126.3M, and assets of $282.8M (revenue -2.4% year-over-year).
- 2014: Revenue of $154.4M, expenses of $148.3M, and assets of $254.8M (revenue +20.3% year-over-year).
- 2013: Revenue of $128.4M, expenses of $134.7M, and assets of $248.8M (revenue -3.9% year-over-year).
- 2012: Revenue of $133.5M, expenses of $137.2M, and assets of $255.0M (revenue -0.1% year-over-year).
- 2011: Revenue of $133.7M, expenses of $172.0M, and assets of $258.7M.
Data Sources and Methodology
This transparency report for New Jersey Property Liability 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.