New Jersey Rural Water Association Inc
New Jersey Rural Water Association: Steady Growth, Strong Program Focus
EIN: 223067737 · Lanoka Harbor, NJ · NTEE: B99 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.4M |
| Total Expenses | $1.3M |
| Program Spending | 80% |
| Net Assets | $1.2M |
| Transparency Score | 85/100 |
Is New Jersey Rural Water Association Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Rural Water Association Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Jersey Rural Water Association Inc
New Jersey Rural Water Association Inc (EIN: 223067737) is a nonprofit organization based in Lanoka Harbor, NJ, classified under NTEE code B99. The organization reported total revenue of $1.4M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Rural Water Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Rural Water Association Inc is a mid-size nonprofit that has been operating for 27 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 | $1.5M |
| Total Expenses | $1.3M |
| Surplus / Deficit | +$181K |
| Total Assets | $1.4M |
| Total Liabilities | $153K |
| Net Assets | $1.2M |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 11.2% |
| Months of Reserves | 12.9 months |
Financial Health Grade: A
In 2023, New Jersey Rural Water Association Inc reported a surplus of $181K with revenue exceeding expenses, holds 12.9 months of operating reserves (strong position), has a debt-to-asset ratio of 11.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Rural Water Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 5.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.8% | -3.4% | +16.2% |
| 2022 | +11.7% | +21.4% | +8.2% |
| 2021 | +33.7% | +16.3% | +19.1% |
| 2020 | -5.8% | +0.2% | +4.6% |
| 2019 | -9.2% | -0.3% | +7.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1999 |
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 Rural Water 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, New Jersey Rural Water Association Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $181K, with revenue exceeding expenses.
- Debt-to-asset ratio: 11.2%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's revenue and asset size, with no red flags indicating excessive pay.
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.
Strengths
The following positive indicators were identified for New Jersey Rural Water Association Inc:
- Consistent revenue growth over the past five years, from $997,213 in 2019 to $1,455,825 in 2023.
- Strong program spending, consistently allocating a high percentage of expenses to direct programs.
- Healthy asset growth, increasing from $872,734 in 2019 to $1,366,208 in 2023.
- Maintains a positive net income (revenue exceeding expenses) in most reported years.
Frequently Asked Questions about New Jersey Rural Water Association Inc
Is New Jersey Rural Water Association Inc a legitimate charity?
New Jersey Rural Water Association Inc (EIN: 223067737) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.4M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does New Jersey Rural Water Association Inc spend its money?
New Jersey Rural Water Association Inc directs 80% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to New Jersey Rural Water Association Inc tax-deductible?
New Jersey Rural Water Association Inc is registered as a tax-exempt nonprofit (EIN: 223067737). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey Rural Water Association Inc's spending goes to programs?
New Jersey Rural Water Association Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Jersey Rural Water Association Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Jersey Rural Water Association Inc is above average for NTEE category B99 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Jersey Rural Water Association Inc located?
New Jersey Rural Water Association Inc is headquartered in Lanoka Harbor, New Jersey and files with the IRS under EIN 223067737. It is classified under NTEE code B99.
How many years of IRS 990 filings does New Jersey Rural Water Association Inc have?
New Jersey Rural Water 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 $1.4M in total revenue.
What does New Jersey Rural Water Association Inc do?
New Jersey Rural Water Association Inc is a nonprofit organization in the Education sector, located in Lanoka Harbor, New Jersey. It is classified under NTEE code B99.
How much revenue does New Jersey Rural Water Association Inc have?
New Jersey Rural Water Association Inc reported total revenue of $1,407,651. Based on 13 IRS 990 filings on record.
What are New Jersey Rural Water Association Inc's total assets?
New Jersey Rural Water Association Inc holds total assets of $1,444,372 as reported in IRS 990 filings.
Where is New Jersey Rural Water Association Inc located?
New Jersey Rural Water Association Inc is based in Lanoka Harbor, New Jersey.
What is New Jersey Rural Water Association Inc's EIN?
New Jersey Rural Water Association Inc's Employer Identification Number (EIN) is 223067737. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Rural Water Association Inc?
New Jersey Rural Water Association Inc is classified under NTEE code B99 (Education).
Is New Jersey Rural Water Association Inc a registered 501(c)(3)?
Yes, New Jersey Rural Water Association Inc is recognized as a tax-exempt organization by the IRS. EIN: 223067737.
Does New Jersey Rural Water Association Inc file IRS Form 990?
Yes, New Jersey Rural Water Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Rural Water Association Inc's revenue in 2023?
In the 202312 filing period, New Jersey Rural Water Association Inc reported total revenue of $1,455,825, total expenses of $1,275,196, and net assets of $1,366,208.
Is New Jersey Rural Water Association Inc's revenue growing or declining?
New Jersey Rural Water Association Inc's revenue is relatively stable. Revenue went from $1,401,917 (202212) to $1,455,825 (202312), a +3.8% change. Based on 13 filings on record.
What is New Jersey Rural Water Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Rural Water Association Inc covers tax period 202312. It shows revenue of $1,455,825, expenses of $1,275,196, total assets of $1,366,208, and liabilities of $153,328.
How much does New Jersey Rural Water Association Inc spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Rural Water Association Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is New Jersey Rural Water Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Rural Water Association Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are New Jersey Rural Water Association Inc's strengths?
Positive indicators for New Jersey Rural Water Association Inc include: Consistent revenue growth over the past five years, from $997,213 in 2019 to $1,455,825 in 2023.. Strong program spending, consistently allocating a high percentage of expenses to direct programs.. Healthy asset growth, increasing from $872,734 in 2019 to $1,366,208 in 2023.. Maintains a positive net income (revenue exceeding expenses) in most reported years.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Rural Water Association Inc compensate executives?
Executive compensation appears reasonable given the organization's revenue and asset size, with no red flags indicating excessive pay. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New Jersey Rural Water Association Inc?
• Detailed financial data is consistently available through IRS filings. • The organization maintains a healthy liquidity ratio, indicating strong financial management. • No significant changes in executive compensation or operational structure are immediately apparent from the filings. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has the organization managed to achieve consistent revenue growth despite varying economic conditions?
The consistent revenue growth, from $939,404 in 2020 to $1,455,825 in 2023, suggests effective fundraising strategies, strong member engagement, or increasing demand for their services within the rural water sector in New Jersey.
What specific programs or initiatives contribute to the high percentage of program spending?
While the filings indicate a high percentage of expenses are programmatic (e.g., $1,275,196 out of $1,455,825 total expenses in 2023), the specific breakdown of these programs (e.g., training, technical assistance, advocacy) would require reviewing their Form 990, Schedule O, or annual reports.
Filing History
IRS 990 filing history for New Jersey Rural Water Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Rural Water Association Inc's revenue has grown by 86.8%, moving from $779K to $1.5M. Total assets increased by 173.6% over the same period, from $499K to $1.4M. Total functional expenses rose by 68.5%, from $757K to $1.3M. In its most recent filing year (2023), New Jersey Rural Water Association Inc reported a surplus of $181K, with revenue exceeding expenses. The organization holds $153K in liabilities against $1.4M in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.5M | $1.3M | $1.4M | $153K | — | — |
| 2022 | $1.4M | $1.3M | $1.2M | $143K | — | View 990 |
| 2021 | $1.3M | $1.1M | $1.1M | $137K | — | View 990 |
| 2020 | $939K | $935K | $912K | $130K | — | — |
| 2019 | $997K | $934K | $873K | $95K | — | View 990 |
| 2018 | $1.1M | $936K | $810K | $96K | — | View 990 |
| 2017 | $915K | $817K | $725K | $172K | — | View 990 |
| 2016 | $860K | $859K | $625K | $159K | — | View 990 |
| 2015 | $985K | $914K | $626K | $161K | — | View 990 |
| 2014 | $848K | $789K | $547K | $153K | — | View 990 |
| 2013 | $787K | $811K | $478K | $143K | — | View 990 |
| 2012 | $844K | $804K | $515K | $156K | — | View 990 |
| 2011 | $779K | $757K | $499K | $181K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.5M, expenses of $1.3M, and assets of $1.4M (revenue +3.8% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.3M, and assets of $1.2M (revenue +11.7% year-over-year).
- 2021: Revenue of $1.3M, expenses of $1.1M, and assets of $1.1M (revenue +33.7% year-over-year).
- 2020: Revenue of $939K, expenses of $935K, and assets of $912K (revenue -5.8% year-over-year).
- 2019: Revenue of $997K, expenses of $934K, and assets of $873K (revenue -9.2% year-over-year).
- 2018: Revenue of $1.1M, expenses of $936K, and assets of $810K (revenue +20.0% year-over-year).
- 2017: Revenue of $915K, expenses of $817K, and assets of $725K (revenue +6.3% year-over-year).
- 2016: Revenue of $860K, expenses of $859K, and assets of $625K (revenue -12.6% year-over-year).
- 2015: Revenue of $985K, expenses of $914K, and assets of $626K (revenue +16.2% year-over-year).
- 2014: Revenue of $848K, expenses of $789K, and assets of $547K (revenue +7.7% year-over-year).
- 2013: Revenue of $787K, expenses of $811K, and assets of $478K (revenue -6.8% year-over-year).
- 2012: Revenue of $844K, expenses of $804K, and assets of $515K (revenue +8.3% year-over-year).
- 2011: Revenue of $779K, expenses of $757K, and assets of $499K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Rural Water Association Inc:
Data Sources and Methodology
This transparency report for New Jersey Rural Water 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.