New Jersey Society Of Certified Public Accountants
New Jersey Society Of CPAs: Stable Finances, High Program Spending
EIN: 221153915 · Roseland, NJ · Updated: 2026-04-04
Is New Jersey Society Of Certified Public Accountants Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Society Of Certified Public Accountants directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Jersey Society Of Certified Public Accountants
New Jersey Society Of Certified Public Accountants (EIN: 221153915) is a nonprofit organization based in Roseland, NJ. The organization reported total revenue of $4.9M 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 Society Of Certified Public Accountants'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 Society Of Certified Public Accountants 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: 6%
- programs: 89%
- fundraising: 5%
According to IRS 990 filings, New Jersey Society Of Certified Public Accountants allocates its expenses as follows: admin: 6%, programs: 89%, fundraising: 5%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings.
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 Society Of Certified Public Accountants:
- Consistently high program spending, averaging around 89% of total expenses over the past several years.
- Healthy and growing asset base, increasing from $6.29 million in 2020 to $11.71 million in 2023.
- Stable revenue streams, consistently around $4.5-$5.4 million annually.
Frequently Asked Questions about New Jersey Society Of Certified Public Accountants
Is New Jersey Society Of Certified Public Accountants a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey Society Of Certified Public Accountants (EIN: 221153915) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does New Jersey Society Of Certified Public Accountants spend its money?
New Jersey Society Of Certified Public Accountants directs 89% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Jersey Society Of Certified Public Accountants tax-deductible?
New Jersey Society Of Certified Public Accountants is registered as a tax-exempt nonprofit (EIN: 221153915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does New Jersey Society Of Certified Public Accountants do?
New Jersey Society Of Certified Public Accountants is a nonprofit organization in the Unknown sector, located in Roseland, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey Society Of Certified Public Accountants have?
New Jersey Society Of Certified Public Accountants reported total revenue of $4,927,947. Based on 13 IRS 990 filings on record.
What are New Jersey Society Of Certified Public Accountants's total assets?
New Jersey Society Of Certified Public Accountants holds total assets of $11,713,804 as reported in IRS 990 filings.
Where is New Jersey Society Of Certified Public Accountants located?
New Jersey Society Of Certified Public Accountants is based in Roseland, New Jersey.
What is New Jersey Society Of Certified Public Accountants's EIN?
New Jersey Society Of Certified Public Accountants's Employer Identification Number (EIN) is 221153915. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Society Of Certified Public Accountants?
New Jersey Society Of Certified Public Accountants is classified under NTEE code Unknown (Unknown).
Is New Jersey Society Of Certified Public Accountants a registered 501(c)(3)?
New Jersey Society Of Certified Public Accountants appears in IRS records (EIN: 221153915). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Society Of Certified Public Accountants file IRS Form 990?
Yes, New Jersey Society Of Certified Public Accountants has 13 IRS Form 990 filings on record. The most recent covers tax period 202305.
What was New Jersey Society Of Certified Public Accountants's revenue in 2023?
In the 202305 filing period, New Jersey Society Of Certified Public Accountants reported total revenue of $5,096,111, total expenses of $4,573,401, and net assets of $11,465,003.
Is New Jersey Society Of Certified Public Accountants's revenue growing or declining?
New Jersey Society Of Certified Public Accountants's revenue is declining. Revenue went from $5,439,506 (202205) to $5,096,111 (202305), a -6.3% change. Based on 13 filings on record.
What is New Jersey Society Of Certified Public Accountants's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Society Of Certified Public Accountants covers tax period 202305. It shows revenue of $5,096,111, expenses of $4,573,401, total assets of $11,465,003, and liabilities of $4,379,960.
How much does New Jersey Society Of Certified Public Accountants spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Society Of Certified Public Accountants allocates approximately 89% of expenses to program services, 6% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is New Jersey Society Of Certified Public Accountants a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Society Of Certified Public Accountants appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are New Jersey Society Of Certified Public Accountants's strengths?
Positive indicators for New Jersey Society Of Certified Public Accountants include: Consistently high program spending, averaging around 89% of total expenses over the past several years.. Healthy and growing asset base, increasing from $6.29 million in 2020 to $11.71 million in 2023.. Stable revenue streams, consistently around $4.5-$5.4 million annually.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Society Of Certified Public Accountants compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no red flags identified in the available filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to significantly increase its assets from $6.29 million in 2020 to $11.71 million in 2023 despite relatively stable revenue?
The increase in assets is primarily driven by an accumulation of net assets, suggesting efficient management of expenses relative to revenue and potentially strategic investments or favorable market conditions for their existing assets.
Filing History
IRS 990 filing history for New Jersey Society Of Certified Public Accountants showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Society Of Certified Public Accountants's revenue has grown by 14.5%, moving from $4.5M to $5.1M. Total assets increased by 86.6% over the same period, from $6.1M to $11.5M. Total functional expenses rose by 10.8%, from $4.1M to $4.6M. In its most recent filing year (2023), New Jersey Society Of Certified Public Accountants reported a surplus of $523K, with revenue exceeding expenses. The organization holds $4.4M in liabilities against $11.5M in assets (debt-to-asset ratio: 38.2%), resulting in net assets of $7.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $5.1M | $4.6M | $11.5M | $4.4M | — | View 990 |
| 2022 | $5.4M | $4.1M | $8.3M | $1.6M | — | View 990 |
| 2021 | $4.5M | $4.2M | $8.2M | $2.3M | — | — |
| 2020 | $4.6M | $4.7M | $6.3M | $1.2M | — | — |
| 2019 | $4.7M | $4.6M | $6.9M | $1.6M | — | View 990 |
| 2018 | $4.7M | $4.6M | $7.4M | $2.0M | — | View 990 |
| 2017 | $4.6M | $4.6M | $7.4M | $2.2M | — | View 990 |
| 2016 | $4.7M | $4.6M | $7.0M | $2.0M | — | View 990 |
| 2015 | $4.7M | $4.5M | $7.5M | $2.4M | — | View 990 |
| 2014 | $4.6M | $4.4M | $7.5M | $2.6M | — | View 990 |
| 2013 | $4.7M | $4.5M | $7.1M | $2.6M | — | View 990 |
| 2012 | $4.6M | $4.3M | $6.2M | $2.2M | — | View 990 |
| 2011 | $4.5M | $4.1M | $6.1M | $2.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $5.1M, expenses of $4.6M, and assets of $11.5M (revenue -6.3% year-over-year).
- 2022: Revenue of $5.4M, expenses of $4.1M, and assets of $8.3M (revenue +20.4% year-over-year).
- 2021: Revenue of $4.5M, expenses of $4.2M, and assets of $8.2M (revenue -1.4% year-over-year).
- 2020: Revenue of $4.6M, expenses of $4.7M, and assets of $6.3M (revenue -1.7% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.6M, and assets of $6.9M (revenue -0.3% year-over-year).
- 2018: Revenue of $4.7M, expenses of $4.6M, and assets of $7.4M (revenue +1.6% year-over-year).
- 2017: Revenue of $4.6M, expenses of $4.6M, and assets of $7.4M (revenue -2.2% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.6M, and assets of $7.0M (revenue +0.5% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.5M, and assets of $7.5M (revenue +2.0% year-over-year).
- 2014: Revenue of $4.6M, expenses of $4.4M, and assets of $7.5M (revenue -2.3% year-over-year).
- 2013: Revenue of $4.7M, expenses of $4.5M, and assets of $7.1M (revenue +2.3% year-over-year).
- 2012: Revenue of $4.6M, expenses of $4.3M, and assets of $6.2M (revenue +3.2% year-over-year).
- 2011: Revenue of $4.5M, expenses of $4.1M, and assets of $6.1M.
Data Sources and Methodology
This transparency report for New Jersey Society Of Certified Public Accountants 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.