New Jersey State Chamber Of Commerce
New Jersey State Chamber of Commerce: Consistent Revenue, High Liabilities
EIN: 221153980 · Trenton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.3M |
| Total Expenses | $3.2M |
| Program Spending | 70% |
| Net Assets | $1.7M |
| Transparency Score | 75/100 |
Is New Jersey State Chamber Of Commerce Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey State Chamber Of Commerce directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Jersey State Chamber Of Commerce
New Jersey State Chamber Of Commerce (EIN: 221153980) is a nonprofit organization based in Trenton, NJ. The organization reported total revenue of $3.3M and total assets of $3.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey State Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey State Chamber Of Commerce is a mid-size nonprofit that has been operating for 88 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 1.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.1M |
| Total Expenses | $3.2M |
| Surplus / Deficit | $-29,061 |
| Total Assets | $2.9M |
| Total Liabilities | $1.1M |
| Net Assets | $1.7M |
| Operating Margin | -0.9% |
| Debt-to-Asset Ratio | 40.0% |
| Months of Reserves | 10.8 months |
Financial Health Grade: B
In 2023, New Jersey State Chamber Of Commerce reported a deficit of $29K with expenses exceeding revenue, holds 10.8 months of operating reserves (strong position), has a debt-to-asset ratio of 40.0% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), New Jersey State Chamber Of Commerce's revenue has grown at a compound annual growth rate (CAGR) of 1.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.7% | +0.1% | -2.0% |
| 2022 | -17.3% | +3.4% | -12.9% |
| 2021 | +23.0% | +9.2% | +22.0% |
| 2020 | -11.8% | -7.6% | +1.8% |
| 2019 | +2.1% | +2.9% | +0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1938 |
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 State Chamber Of Commerce with a Mission Score of 75 out of 100 (Good). 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: 70%
- fundraising: 15%
According to IRS 990 filings, New Jersey State Chamber Of Commerce allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% 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 $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 40.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size and suggests compensation may be reported under other expense categories or through related entities.
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 State Chamber Of Commerce's IRS 990 filings:
- Consistent 0% reported executive compensation raises questions about how leadership is compensated.
- Significant and sustained increase in liabilities, reaching $1,142,093 in 2023, could indicate financial risk.
- Net assets have fluctuated but show a slight decline from $2,857,419 in 2023 compared to $3,348,713 in 2021.
Strengths
The following positive indicators were identified for New Jersey State Chamber Of Commerce:
- Stable revenue generation, consistently around $3 million annually, demonstrates a reliable funding base.
- Assets have remained robust, with $3,223,760 reported in the most recent filing.
- The organization has a long operating history with consistent financial reporting.
Frequently Asked Questions about New Jersey State Chamber Of Commerce
Is New Jersey State Chamber Of Commerce a legitimate charity?
New Jersey State Chamber Of Commerce (EIN: 221153980) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.3M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does New Jersey State Chamber Of Commerce spend its money?
New Jersey State Chamber Of Commerce directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to New Jersey State Chamber Of Commerce tax-deductible?
New Jersey State Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 221153980). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey State Chamber Of Commerce's spending goes to programs?
New Jersey State Chamber Of Commerce directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New Jersey State Chamber Of Commerce located?
New Jersey State Chamber Of Commerce is headquartered in Trenton, New Jersey and files with the IRS under EIN 221153980.
How many years of IRS 990 filings does New Jersey State Chamber Of Commerce have?
New Jersey State Chamber Of Commerce has 14 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 $3.3M in total revenue.
What does New Jersey State Chamber Of Commerce do?
New Jersey State Chamber Of Commerce is a nonprofit organization in the Unknown sector, located in Trenton, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey State Chamber Of Commerce have?
New Jersey State Chamber Of Commerce reported total revenue of $3,286,254. Based on 14 IRS 990 filings on record.
What are New Jersey State Chamber Of Commerce's total assets?
New Jersey State Chamber Of Commerce holds total assets of $3,223,760 as reported in IRS 990 filings.
Where is New Jersey State Chamber Of Commerce located?
New Jersey State Chamber Of Commerce is based in Trenton, New Jersey.
What is New Jersey State Chamber Of Commerce's EIN?
New Jersey State Chamber Of Commerce's Employer Identification Number (EIN) is 221153980. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey State Chamber Of Commerce?
New Jersey State Chamber Of Commerce is classified under NTEE code Unknown (Unknown).
Is New Jersey State Chamber Of Commerce a registered 501(c)(3)?
New Jersey State Chamber Of Commerce appears in IRS records (EIN: 221153980). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey State Chamber Of Commerce file IRS Form 990?
Yes, New Jersey State Chamber Of Commerce has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey State Chamber Of Commerce's revenue in 2023?
In the 202312 filing period, New Jersey State Chamber Of Commerce reported total revenue of $3,141,097, total expenses of $3,170,158, and net assets of $2,857,419.
Is New Jersey State Chamber Of Commerce's revenue growing or declining?
New Jersey State Chamber Of Commerce's revenue is growing. Revenue went from $2,863,441 (202212) to $3,141,097 (202312), a +9.7% change. Based on 14 filings on record.
What is New Jersey State Chamber Of Commerce's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey State Chamber Of Commerce covers tax period 202312. It shows revenue of $3,141,097, expenses of $3,170,158, total assets of $2,857,419, and liabilities of $1,142,093.
How much does New Jersey State Chamber Of Commerce spend on programs vs administration?
Based on IRS 990 analysis, New Jersey State Chamber Of Commerce allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is New Jersey State Chamber Of Commerce a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey State Chamber Of Commerce appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for New Jersey State Chamber Of Commerce?
The following concerns were identified: Consistent 0% reported executive compensation raises questions about how leadership is compensated.. Significant and sustained increase in liabilities, reaching $1,142,093 in 2023, could indicate financial risk.. Net assets have fluctuated but show a slight decline from $2,857,419 in 2023 compared to $3,348,713 in 2021.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey State Chamber Of Commerce's strengths?
Positive indicators for New Jersey State Chamber Of Commerce include: Stable revenue generation, consistently around $3 million annually, demonstrates a reliable funding base.. Assets have remained robust, with $3,223,760 reported in the most recent filing.. The organization has a long operating history with consistent financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey State Chamber Of Commerce compensate executives?
Executive compensation is reported as 0% across all available filings, which is highly unusual for an organization of this size and suggests compensation may be reported under other expense categories or through related entities. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% reported compensation for key personnel, how does the organization attract and retain leadership, and where are these costs truly reflected in the financial statements?
The consistent reporting of 0% for key personnel compensation suggests that these costs might be embedded within other expense categories, paid through a related entity, or that the organization relies heavily on volunteer leadership, which would be unusual for an entity of this scale. Further detailed analysis of expense breakdowns beyond the summary data is needed to identify these costs.
Filing History
IRS 990 filing history for New Jersey State Chamber Of Commerce showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), New Jersey State Chamber Of Commerce's revenue has grown by 13.6%, moving from $2.8M to $3.1M. Total assets increased by 66.1% over the same period, from $1.7M to $2.9M. Total functional expenses rose by 2.7%, from $3.1M to $3.2M. In its most recent filing year (2023), New Jersey State Chamber Of Commerce reported a deficit of $29K, with expenses exceeding revenue. The organization holds $1.1M in liabilities against $2.9M in assets (debt-to-asset ratio: 40.0%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.1M | $3.2M | $2.9M | $1.1M | — | View 990 |
| 2022 | $2.9M | $3.2M | $2.9M | $1.2M | — | View 990 |
| 2021 | $3.5M | $3.1M | $3.3M | $1.3M | — | View 990 |
| 2020 | $2.8M | $2.8M | $2.7M | $1.1M | — | — |
| 2019 | $3.2M | $3.0M | $2.7M | $1.1M | — | View 990 |
| 2018 | $3.1M | $2.9M | $2.7M | $528K | — | View 990 |
| 2017 | $3.1M | $3.0M | $2.5M | $498K | — | View 990 |
| 2016 | $2.9M | $2.8M | $2.4M | $491K | — | View 990 |
| 2015 | $3.1M | $2.9M | $2.3M | $505K | — | View 990 |
| 2014 | $3.1M | $2.9M | $1.9M | $309K | — | View 990 |
| 2013 | $2.9M | $2.8M | $1.8M | $345K | — | View 990 |
| 2012 | $2.8M | $2.7M | $1.6M | $340K | — | View 990 |
| 2011 | $2.9M | $2.8M | $1.6M | $449K | — | View 990 |
| 2010 | $2.8M | $3.1M | $1.7M | $684K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.1M, expenses of $3.2M, and assets of $2.9M (revenue +9.7% year-over-year).
- 2022: Revenue of $2.9M, expenses of $3.2M, and assets of $2.9M (revenue -17.3% year-over-year).
- 2021: Revenue of $3.5M, expenses of $3.1M, and assets of $3.3M (revenue +23.0% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.8M, and assets of $2.7M (revenue -11.8% year-over-year).
- 2019: Revenue of $3.2M, expenses of $3.0M, and assets of $2.7M (revenue +2.1% year-over-year).
- 2018: Revenue of $3.1M, expenses of $2.9M, and assets of $2.7M (revenue +0.2% year-over-year).
- 2017: Revenue of $3.1M, expenses of $3.0M, and assets of $2.5M (revenue +6.2% year-over-year).
- 2016: Revenue of $2.9M, expenses of $2.8M, and assets of $2.4M (revenue -5.7% year-over-year).
- 2015: Revenue of $3.1M, expenses of $2.9M, and assets of $2.3M (revenue +0.8% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.9M, and assets of $1.9M (revenue +5.1% year-over-year).
- 2013: Revenue of $2.9M, expenses of $2.8M, and assets of $1.8M (revenue +5.3% year-over-year).
- 2012: Revenue of $2.8M, expenses of $2.7M, and assets of $1.6M (revenue -4.7% year-over-year).
- 2011: Revenue of $2.9M, expenses of $2.8M, and assets of $1.6M (revenue +5.9% year-over-year).
- 2010: Revenue of $2.8M, expenses of $3.1M, and assets of $1.7M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey State Chamber Of Commerce:
Data Sources and Methodology
This transparency report for New Jersey State Chamber Of Commerce 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.