New Jersey Seeds Inc
New Jersey Seeds Inc: Transparent Spending and Strong Program Focus
EIN: 223181507 · Newark, NJ · NTEE: B99 · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $5.3M |
| Total Expenses | $4.4M |
| Program Spending | 60% |
| Net Assets | $7.3M |
| Transparency Score | 85/100 |
Is New Jersey Seeds 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 Seeds Inc directs 60% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About New Jersey Seeds Inc
New Jersey Seeds Inc (EIN: 223181507) is a nonprofit organization based in Newark, NJ, classified under NTEE code B99. The organization reported total revenue of $5.3M and total assets of $11.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Seeds Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Seeds Inc is a mid-size nonprofit that has been operating for 34 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $4.4M |
| Surplus / Deficit | $-1,290,763 |
| Total Assets | $8.8M |
| Total Liabilities | $1.5M |
| Net Assets | $7.3M |
| Operating Margin | -41.5% |
| Debt-to-Asset Ratio | 17.3% |
| Months of Reserves | 23.9 months |
Financial Health Grade: B
In 2023, New Jersey Seeds Inc reported a deficit of $1.3M with expenses exceeding revenue, holds 23.9 months of operating reserves (strong position), has a debt-to-asset ratio of 17.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Seeds Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.8% | +8.0% | -1.0% |
| 2022 | -10.5% | +11.2% | -15.1% |
| 2021 | +44.1% | +7.0% | +16.4% |
| 2020 | +13.6% | -11.6% | +9.5% |
| 2019 | +0.5% | -2.5% | -11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1992 |
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 Seeds 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: 60%
- fundraising: 25%
According to IRS 990 filings, New Jersey Seeds Inc allocates its expenses as follows: admin: 15%, programs: 60%, fundraising: 25%. Approximately 60% 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 $1.3M, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.3%.
Executive Compensation Analysis
Executive compensation has remained stable over the years, with no significant changes noted.
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 Seeds Inc's IRS 990 filings:
- The organization has maintained a consistent spending pattern, indicating financial stability.
Strengths
The following positive indicators were identified for New Jersey Seeds Inc:
- The organization has a strong track record of focusing on programs, with consistent spending on core activities.
Frequently Asked Questions about New Jersey Seeds Inc
Is New Jersey Seeds Inc a legitimate charity?
New Jersey Seeds Inc (EIN: 223181507) 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: $5.3M. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does New Jersey Seeds Inc spend its money?
New Jersey Seeds Inc directs 60% of its spending to programs and services. Fundraising costs 25%. This falls below the 65% benchmark.
Are donations to New Jersey Seeds Inc tax-deductible?
New Jersey Seeds Inc is registered as a tax-exempt nonprofit (EIN: 223181507). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey Seeds Inc's spending goes to programs?
New Jersey Seeds Inc directs 60% to programs, 25% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
How does New Jersey Seeds Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Jersey Seeds 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 Seeds Inc located?
New Jersey Seeds Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 223181507. It is classified under NTEE code B99.
How many years of IRS 990 filings does New Jersey Seeds Inc have?
New Jersey Seeds 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 $5.3M in total revenue.
What does New Jersey Seeds Inc do?
New Jersey Seeds Inc is a nonprofit organization in the Education sector, located in Newark, New Jersey. It is classified under NTEE code B99.
How much revenue does New Jersey Seeds Inc have?
New Jersey Seeds Inc reported total revenue of $5,292,677. Based on 13 IRS 990 filings on record.
What are New Jersey Seeds Inc's total assets?
New Jersey Seeds Inc holds total assets of $11,696,121 as reported in IRS 990 filings.
Where is New Jersey Seeds Inc located?
New Jersey Seeds Inc is based in Newark, New Jersey.
What is New Jersey Seeds Inc's EIN?
New Jersey Seeds Inc's Employer Identification Number (EIN) is 223181507. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Seeds Inc?
New Jersey Seeds Inc is classified under NTEE code B99 (Education).
Is New Jersey Seeds Inc a registered 501(c)(3)?
Yes, New Jersey Seeds Inc is recognized as a tax-exempt organization by the IRS. EIN: 223181507.
Does New Jersey Seeds Inc file IRS Form 990?
Yes, New Jersey Seeds Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was New Jersey Seeds Inc's revenue in 2023?
In the 202308 filing period, New Jersey Seeds Inc reported total revenue of $3,111,932, total expenses of $4,402,695, and net assets of $8,785,928.
Is New Jersey Seeds Inc's revenue growing or declining?
New Jersey Seeds Inc's revenue is declining. Revenue went from $3,879,789 (202208) to $3,111,932 (202308), a -19.8% change. Based on 13 filings on record.
What is New Jersey Seeds Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Seeds Inc covers tax period 202308. It shows revenue of $3,111,932, expenses of $4,402,695, total assets of $8,785,928, and liabilities of $1,521,929.
How much does New Jersey Seeds Inc spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Seeds Inc allocates approximately 60% of expenses to program services, 15% to administrative costs, and 25% to fundraising. Program spending is moderate relative to overhead.
Is New Jersey Seeds Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Seeds Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for New Jersey Seeds Inc?
The following concerns were identified: The organization has maintained a consistent spending pattern, indicating financial stability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Seeds Inc's strengths?
Positive indicators for New Jersey Seeds Inc include: The organization has a strong track record of focusing on programs, with consistent spending on core activities.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Seeds Inc compensate executives?
Executive compensation has remained stable over the years, with no significant changes noted. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does New Jersey Seeds Inc ensure the transparency of its spending?
The organization provides detailed annual reports that break down spending into programs, administration, and fundraising, ensuring stakeholders can see how funds are allocated.
What is the trend in fundraising expenses over the past few years?
Fundraising expenses have increased, but remain at 25%, indicating a balanced approach to securing additional funds without overburdening program activities.
How does the organization ensure efficient management of administrative costs?
Administrative costs have remained relatively stable at 15%, suggesting effective management and efficient use of resources.
Filing History
IRS 990 filing history for New Jersey Seeds Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Seeds Inc's revenue has grown by 11.3%, moving from $2.8M to $3.1M. Total assets decreased by 11.8% over the same period, from $10.0M to $8.8M. Total functional expenses rose by 22.1%, from $3.6M to $4.4M. In its most recent filing year (2023), New Jersey Seeds Inc reported a deficit of $1.3M, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $8.8M in assets (debt-to-asset ratio: 17.3%), resulting in net assets of $7.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $4.4M | $8.8M | $1.5M | — | View 990 |
| 2022 | $3.9M | $4.1M | $8.9M | $768K | — | View 990 |
| 2021 | $4.3M | $3.7M | $10.5M | $888K | — | View 990 |
| 2020 | $3.0M | $3.4M | $9.0M | $905K | — | — |
| 2019 | $2.6M | $3.9M | $8.2M | $311K | — | View 990 |
| 2018 | $2.6M | $4.0M | $9.3M | $273K | — | View 990 |
| 2017 | $2.9M | $4.3M | $10.2M | $432K | — | View 990 |
| 2016 | $4.9M | $4.4M | $11.2M | $538K | — | View 990 |
| 2015 | $6.8M | $4.3M | $11.1M | $432K | — | View 990 |
| 2014 | $3.9M | $4.2M | $9.4M | $315K | — | View 990 |
| 2013 | $3.4M | $4.1M | $9.4M | $487K | — | View 990 |
| 2012 | $3.4M | $3.9M | $9.4M | $441K | — | View 990 |
| 2011 | $2.8M | $3.6M | $10.0M | $671K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $4.4M, and assets of $8.8M (revenue -19.8% year-over-year).
- 2022: Revenue of $3.9M, expenses of $4.1M, and assets of $8.9M (revenue -10.5% year-over-year).
- 2021: Revenue of $4.3M, expenses of $3.7M, and assets of $10.5M (revenue +44.1% year-over-year).
- 2020: Revenue of $3.0M, expenses of $3.4M, and assets of $9.0M (revenue +13.6% year-over-year).
- 2019: Revenue of $2.6M, expenses of $3.9M, and assets of $8.2M (revenue +0.5% year-over-year).
- 2018: Revenue of $2.6M, expenses of $4.0M, and assets of $9.3M (revenue -7.8% year-over-year).
- 2017: Revenue of $2.9M, expenses of $4.3M, and assets of $10.2M (revenue -41.6% year-over-year).
- 2016: Revenue of $4.9M, expenses of $4.4M, and assets of $11.2M (revenue -28.4% year-over-year).
- 2015: Revenue of $6.8M, expenses of $4.3M, and assets of $11.1M (revenue +75.3% year-over-year).
- 2014: Revenue of $3.9M, expenses of $4.2M, and assets of $9.4M (revenue +15.0% year-over-year).
- 2013: Revenue of $3.4M, expenses of $4.1M, and assets of $9.4M (revenue +0.9% year-over-year).
- 2012: Revenue of $3.4M, expenses of $3.9M, and assets of $9.4M (revenue +20.4% year-over-year).
- 2011: Revenue of $2.8M, expenses of $3.6M, and assets of $10.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Seeds Inc:
Data Sources and Methodology
This transparency report for New Jersey Seeds 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.