New Jersey State Firemens Mutual Benevolent Association
New Jersey State Firemen's Mutual Benevolent Association: Consistent Revenue, High Administrative Costs
EIN: 222622030 · Paterson, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $456K |
| Total Expenses | $386K |
| Program Spending | 50% |
| Net Assets | $271K |
| Transparency Score | 65/100 |
Is New Jersey State Firemens Mutual Benevolent Association 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 Firemens Mutual Benevolent Association directs 50% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.
About New Jersey State Firemens Mutual Benevolent Association
New Jersey State Firemens Mutual Benevolent Association (EIN: 222622030) is a nonprofit organization based in Paterson, NJ. The organization reported total revenue of $456K and total assets of $272K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey State Firemens Mutual Benevolent Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey State Firemens Mutual Benevolent Association is a small nonprofit that has been operating for 49 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 4.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $382K |
| Total Expenses | $386K |
| Surplus / Deficit | $-4,140 |
| Total Assets | $271K |
| Net Assets | $271K |
| Operating Margin | -1.1% |
| Months of Reserves | 8.4 months |
Financial Health Grade: B
In 2023, New Jersey State Firemens Mutual Benevolent Association reported a deficit of $4K with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position).
Financial Trends
Over 11 years of filings (2011–2023), New Jersey State Firemens Mutual Benevolent Association's revenue has grown at a compound annual growth rate (CAGR) of 4.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +-0.0% | +15.2% | -1.5% |
| 2022 | +7.1% | +28.1% | +20.6% |
| 2021 | +11.2% | -11.7% | +71.7% |
| 2020 | +0.1% | -14.6% | +22.8% |
| 2019 | +91.8% | +64.2% | -19.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1977 |
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 Firemens Mutual Benevolent Association with a Mission Score of 65 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: 30%
- programs: 50%
- fundraising: 20%
According to IRS 990 filings, New Jersey State Firemens Mutual Benevolent Association allocates its expenses as follows: admin: 30%, programs: 50%, fundraising: 20%. Approximately 50% 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 $4K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation information is not provided in the given data, preventing a specific assessment.
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 Firemens Mutual Benevolent Association's IRS 990 filings:
- Administrative expenses appear to be a significant portion of total expenses, potentially impacting program efficiency.
- The provided data lacks specific details on program activities and their associated costs, making it difficult to assess program effectiveness.
Strengths
The following positive indicators were identified for New Jersey State Firemens Mutual Benevolent Association:
- Consistent revenue generation over several years, indicating stable donor support.
- Healthy asset growth from $108,139 in 2019 to $270,812 in 2023, demonstrating financial stability.
Frequently Asked Questions about New Jersey State Firemens Mutual Benevolent Association
Is New Jersey State Firemens Mutual Benevolent Association a legitimate charity?
New Jersey State Firemens Mutual Benevolent Association (EIN: 222622030) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 11 years of IRS 990 filings on record. Total revenue: $456K. 2 red flags identified. 2 strengths noted. Financial health grade: B.
How does New Jersey State Firemens Mutual Benevolent Association spend its money?
New Jersey State Firemens Mutual Benevolent Association directs 50% of its spending to programs and services. Fundraising costs 20%. This falls below the 65% benchmark.
Are donations to New Jersey State Firemens Mutual Benevolent Association tax-deductible?
New Jersey State Firemens Mutual Benevolent Association is registered as a tax-exempt nonprofit (EIN: 222622030). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey State Firemens Mutual Benevolent Association's spending goes to programs?
New Jersey State Firemens Mutual Benevolent Association directs 50% to programs, 20% to fundraising. This falls below the 65% industry benchmark, which may warrant further review by donors.
Where is New Jersey State Firemens Mutual Benevolent Association located?
New Jersey State Firemens Mutual Benevolent Association is headquartered in Paterson, New Jersey and files with the IRS under EIN 222622030.
How many years of IRS 990 filings does New Jersey State Firemens Mutual Benevolent Association have?
New Jersey State Firemens Mutual Benevolent Association has 11 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 $456K in total revenue.
What does New Jersey State Firemens Mutual Benevolent Association do?
New Jersey State Firemens Mutual Benevolent Association is a nonprofit organization in the Unknown sector, located in Paterson, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey State Firemens Mutual Benevolent Association have?
New Jersey State Firemens Mutual Benevolent Association reported total revenue of $456,139. Based on 11 IRS 990 filings on record.
What are New Jersey State Firemens Mutual Benevolent Association's total assets?
New Jersey State Firemens Mutual Benevolent Association holds total assets of $272,423 as reported in IRS 990 filings.
Where is New Jersey State Firemens Mutual Benevolent Association located?
New Jersey State Firemens Mutual Benevolent Association is based in Paterson, New Jersey.
What is New Jersey State Firemens Mutual Benevolent Association's EIN?
New Jersey State Firemens Mutual Benevolent Association's Employer Identification Number (EIN) is 222622030. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey State Firemens Mutual Benevolent Association?
New Jersey State Firemens Mutual Benevolent Association is classified under NTEE code Unknown (Unknown).
Is New Jersey State Firemens Mutual Benevolent Association a registered 501(c)(3)?
New Jersey State Firemens Mutual Benevolent Association appears in IRS records (EIN: 222622030). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey State Firemens Mutual Benevolent Association file IRS Form 990?
Yes, New Jersey State Firemens Mutual Benevolent Association has 11 IRS Form 990 filings on record. The most recent covers tax period 202310.
What was New Jersey State Firemens Mutual Benevolent Association's revenue in 2023?
In the 202310 filing period, New Jersey State Firemens Mutual Benevolent Association reported total revenue of $382,126, total expenses of $386,266, and net assets of $270,812.
Is New Jersey State Firemens Mutual Benevolent Association's revenue growing or declining?
New Jersey State Firemens Mutual Benevolent Association's revenue is relatively stable. Revenue went from $382,261 (202210) to $382,126 (202310), a -0.0% change. Based on 11 filings on record.
What is New Jersey State Firemens Mutual Benevolent Association's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey State Firemens Mutual Benevolent Association covers tax period 202310. It shows revenue of $382,126, expenses of $386,266, total assets of $270,812, and liabilities of N/A.
How much does New Jersey State Firemens Mutual Benevolent Association spend on programs vs administration?
Based on IRS 990 analysis, New Jersey State Firemens Mutual Benevolent Association allocates approximately 50% of expenses to program services, 30% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is New Jersey State Firemens Mutual Benevolent Association a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey State Firemens Mutual Benevolent Association shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 2 strengths noted.
What are the red flags for New Jersey State Firemens Mutual Benevolent Association?
The following concerns were identified: Administrative expenses appear to be a significant portion of total expenses, potentially impacting program efficiency.. The provided data lacks specific details on program activities and their associated costs, making it difficult to assess program effectiveness.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey State Firemens Mutual Benevolent Association's strengths?
Positive indicators for New Jersey State Firemens Mutual Benevolent Association include: Consistent revenue generation over several years, indicating stable donor support.. Healthy asset growth from $108,139 in 2019 to $270,812 in 2023, demonstrating financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey State Firemens Mutual Benevolent Association compensate executives?
Executive compensation information is not provided in the given data, preventing a specific assessment. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New Jersey State Firemens Mutual Benevolent Association?
- Financial statements are publicly available through IRS Form 990 filings. - The organization consistently reports zero lobbying and political campaign activities. - Detailed breakdowns of program expenses are not readily apparent in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent revenue and asset growth, what specific strategies are in place to optimize the spending breakdown to allocate a higher percentage towards programs?
Without more detailed financial statements, it's difficult to pinpoint specific strategies. However, a review of operational efficiencies and fundraising cost-effectiveness could identify areas to reallocate funds towards direct program support.
Filing History
IRS 990 filing history for New Jersey State Firemens Mutual Benevolent Association showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2011–2023), New Jersey State Firemens Mutual Benevolent Association's revenue has grown by 67.1%, moving from $229K to $382K. Total assets increased by 23.7% over the same period, from $219K to $271K. Total functional expenses rose by 57%, from $246K to $386K. In its most recent filing year (2023), New Jersey State Firemens Mutual Benevolent Association reported a deficit of $4K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $382K | $386K | $271K | $0 | — | — |
| 2022 | $382K | $335K | $275K | $0 | — | — |
| 2021 | $357K | $262K | $228K | $0 | — | View 990 |
| 2020 | $321K | $296K | $133K | $0 | — | — |
| 2019 | $320K | $347K | $108K | $0 | — | View 990 |
| 2018 | $167K | $211K | $135K | $0 | — | View 990 |
| 2016 | $281K | $254K | $233K | $0 | — | View 990 |
| 2015 | $218K | $205K | $206K | $0 | — | View 990 |
| 2014 | $207K | $190K | $193K | $0 | — | View 990 |
| 2013 | $154K | $178K | $175K | $0 | — | View 990 |
| 2011 | $229K | $246K | $219K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $382K, expenses of $386K, and assets of $271K (revenue +-0.0% year-over-year).
- 2022: Revenue of $382K, expenses of $335K, and assets of $275K (revenue +7.1% year-over-year).
- 2021: Revenue of $357K, expenses of $262K, and assets of $228K (revenue +11.2% year-over-year).
- 2020: Revenue of $321K, expenses of $296K, and assets of $133K (revenue +0.1% year-over-year).
- 2019: Revenue of $320K, expenses of $347K, and assets of $108K (revenue +91.8% year-over-year).
- 2018: Revenue of $167K, expenses of $211K, and assets of $135K (revenue -40.6% year-over-year).
- 2016: Revenue of $281K, expenses of $254K, and assets of $233K (revenue +28.8% year-over-year).
- 2015: Revenue of $218K, expenses of $205K, and assets of $206K (revenue +5.3% year-over-year).
- 2014: Revenue of $207K, expenses of $190K, and assets of $193K (revenue +34.9% year-over-year).
- 2013: Revenue of $154K, expenses of $178K, and assets of $175K (revenue -32.8% year-over-year).
- 2011: Revenue of $229K, expenses of $246K, and assets of $219K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey State Firemens Mutual Benevolent Association:
Data Sources and Methodology
This transparency report for New Jersey State Firemens Mutual Benevolent Association 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.