New Jersey Psychiatric Association Inc

New Jersey Psychiatric Association Inc. shows revenue growth but recent operational deficits, with no officer compensation reported.

EIN: 210736620 · Neptune, NJ · Updated: 2026-03-28

$502KRevenue

$292KAssets

85/100Mission Score (Excellent)

About New Jersey Psychiatric Association Inc

New Jersey Psychiatric Association Inc (EIN: 210736620) is a nonprofit organization based in Neptune, NJ. The organization reported total revenue of $502K and total assets of $292K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Psychiatric Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The New Jersey Psychiatric Association Inc. demonstrates a consistent operational pattern, with revenues generally covering expenses, though some years show a deficit. For instance, in 2023, expenses of $558,970 exceeded revenues of $518,099, indicating a slight operational loss. The organization's assets have fluctuated, decreasing from $345,805 in 2021 to $263,769 in 2023, which warrants attention. However, the organization consistently reports 0% officer compensation, which is a strong indicator of financial transparency and a commitment to directing funds towards its mission rather than executive salaries. The relatively low liabilities across most years also suggest sound financial management.

While specific program spending ratios are not detailed in the provided data, the absence of officer compensation suggests that a significant portion of expenses is likely directed towards operational and programmatic activities. The organization's revenue has shown growth, particularly from $223,803 in 2021 to $518,099 in 2023, indicating increased activity or support. However, the corresponding increase in expenses, sometimes exceeding revenue, suggests a need for careful budgeting to maintain long-term financial stability. The consistent filing of IRS 990 forms over many years demonstrates a commitment to regulatory transparency.

Overall, the New Jersey Psychiatric Association Inc. appears to be a financially stable organization with a strong commitment to transparency regarding executive compensation. Its financial health is generally sound, though recent years show some operational deficits that bear watching. The organization's ability to increase revenue significantly in recent years is a positive sign, but managing expenses to ensure sustainability will be key.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates New Jersey Psychiatric Association Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

admin: 15%
programs: 80%
fundraising: 5%

According to IRS 990 filings, New Jersey Psychiatric Association Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The New Jersey Psychiatric Association Inc. consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers. This is a highly positive sign, suggesting that leadership is either volunteer-based or compensated through other means not classified as officer compensation, and that funds are directed towards the organization's mission.

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 Psychiatric Association Inc's IRS 990 filings:

Expenses exceeded revenue in 2023 ($558,970 vs $518,099) and 2022 ($355,818 vs $315,599), indicating operational deficits.
A consistent decline in assets from $345,805 in 2021 to $263,769 in 2023, despite increasing revenue.

Strengths

The following positive indicators were identified for New Jersey Psychiatric Association Inc:

Consistent reporting of 0% officer compensation, demonstrating strong financial transparency and mission focus.
Significant revenue growth from $223,803 in 2021 to $518,099 in 2023.
Low liabilities across most filing periods, indicating sound debt management.

Frequently Asked Questions about New Jersey Psychiatric Association Inc

Is the New Jersey Psychiatric Association Inc. financially stable?

The organization shows general financial stability with assets exceeding liabilities. However, recent years (2022 and 2023) have seen expenses exceed revenue, leading to operational deficits of $40,219 and $40,871 respectively, which could impact long-term stability if not addressed.

How does the organization manage executive compensation?

The New Jersey Psychiatric Association Inc. reports 0% officer compensation in all available filings, indicating a strong commitment to directing funds away from executive salaries and towards its mission.

Has the organization's revenue been growing?

Yes, the organization has seen significant revenue growth, particularly from $223,803 in 2021 to $518,099 in 2023, nearly doubling in two years.

What is the trend in the organization's assets?

The organization's assets have generally been decreasing in recent years, from a high of $447,190 in 2016 to $263,769 in 2023, despite revenue growth. This trend warrants further investigation.

Filing History

IRS 990 filing history for New Jersey Psychiatric Association Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2012–2023), New Jersey Psychiatric Association Inc's revenue has grown by 101.9%, moving from $257K to $518K. Total assets decreased by 24.3% over the same period, from $348K to $264K. Total functional expenses rose by 157.8%, from $217K to $559K. In its most recent filing year (2023), New Jersey Psychiatric Association Inc reported a deficit of $41K, with expenses exceeding revenue. The organization holds $2K in liabilities against $264K in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $262K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$518K	$559K	$264K	$2K	—	View 990
2022	$316K	$356K	$304K	$0	—	View 990
2021	$224K	$255K	$346K	$1K	—	—
2020	$227K	$224K	$376K	$300	—	—
2019	$228K	$260K	$378K	$6K	—	View 990
2018	$250K	$233K	$404K	$0	—	View 990
2017	$223K	$232K	$386K	$0	—	View 990
2016	$139K	$171K	$396K	$0	—	View 990
2016	$337K	$293K	$447K	$0	—	—
2015	$349K	$335K	$404K	$753	—	View 990
2014	$280K	$248K	$390K	$414	—	View 990
2013	$245K	$236K	$358K	$0	—	View 990
2012	$257K	$217K	$348K	$0	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $518K, expenses of $559K, and assets of $264K (revenue +64.2% year-over-year).
2022: Revenue of $316K, expenses of $356K, and assets of $304K (revenue +41.0% year-over-year).
2021: Revenue of $224K, expenses of $255K, and assets of $346K (revenue -1.4% year-over-year).
2020: Revenue of $227K, expenses of $224K, and assets of $376K (revenue -0.4% year-over-year).
2019: Revenue of $228K, expenses of $260K, and assets of $378K (revenue -9.0% year-over-year).
2018: Revenue of $250K, expenses of $233K, and assets of $404K (revenue +12.5% year-over-year).
2017: Revenue of $223K, expenses of $232K, and assets of $386K (revenue +59.9% year-over-year).
2016: Revenue of $139K, expenses of $171K, and assets of $396K (revenue -58.7% year-over-year).
2016: Revenue of $337K, expenses of $293K, and assets of $447K (revenue -3.5% year-over-year).
2015: Revenue of $349K, expenses of $335K, and assets of $404K (revenue +24.8% year-over-year).
2014: Revenue of $280K, expenses of $248K, and assets of $390K (revenue +14.0% year-over-year).
2013: Revenue of $245K, expenses of $236K, and assets of $358K (revenue -4.5% year-over-year).
2012: Revenue of $257K, expenses of $217K, and assets of $348K.

Data Sources and Methodology

This transparency report for New Jersey Psychiatric 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.