New Jersey Utilities Association Inc
New Jersey Utilities Association Inc: Stable Finances, High Program Spending
EIN: 221723245 · Trenton, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $1.0M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $200,000 |
| Net Assets | $2.4M |
| Transparency Score | 75/100 |
Is New Jersey Utilities 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 Utilities Association Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Jersey Utilities Association Inc
New Jersey Utilities Association Inc (EIN: 221723245) is a nonprofit organization based in Trenton, NJ. The organization reported total revenue of $1.2M and total assets of $2.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Utilities Association Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Utilities Association Inc is a mid-size nonprofit that has been operating for 62 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 | $1.1M |
| Total Expenses | $1.0M |
| Surplus / Deficit | +$51K |
| Total Assets | $2.7M |
| Total Liabilities | $248K |
| Net Assets | $2.4M |
| Operating Margin | 4.7% |
| Debt-to-Asset Ratio | 9.3% |
| Months of Reserves | 31.5 months |
Financial Health Grade: A
In 2023, New Jersey Utilities Association Inc reported a surplus of $51K with revenue exceeding expenses, holds 31.5 months of operating reserves (strong position), has a debt-to-asset ratio of 9.3% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), New Jersey Utilities Association Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +9.8% | +10.5% | +12.3% |
| 2022 | +6.7% | +12.0% | -12.3% |
| 2021 | +5.1% | +11.4% | +12.3% |
| 2020 | -17.2% | -6.6% | +9.7% |
| 2019 | +4.7% | -11.7% | +7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1964 |
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 Utilities Association Inc 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, New Jersey Utilities Association Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% 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 $51K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.3%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with no individual compensation exceeding $200,000 in recent 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 Utilities Association Inc:
- Consistently high program spending, averaging over 80% of total expenses.
- Stable revenue and asset growth over the past several years.
- Healthy financial reserves, with assets consistently exceeding liabilities.
Frequently Asked Questions about New Jersey Utilities Association Inc
Is New Jersey Utilities Association Inc a legitimate charity?
New Jersey Utilities Association Inc (EIN: 221723245) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.2M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does New Jersey Utilities Association Inc spend its money?
New Jersey Utilities Association Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to New Jersey Utilities Association Inc tax-deductible?
New Jersey Utilities Association Inc is registered as a tax-exempt nonprofit (EIN: 221723245). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the New Jersey Utilities Association Inc CEO make?
New Jersey Utilities Association Inc's highest-compensated officer earns $200,000 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of New Jersey Utilities Association Inc's spending goes to programs?
New Jersey Utilities Association Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is New Jersey Utilities Association Inc located?
New Jersey Utilities Association Inc is headquartered in Trenton, New Jersey and files with the IRS under EIN 221723245.
How many years of IRS 990 filings does New Jersey Utilities Association Inc have?
New Jersey Utilities 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 $1.2M in total revenue.
What does New Jersey Utilities Association Inc do?
New Jersey Utilities Association Inc 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 Utilities Association Inc have?
New Jersey Utilities Association Inc reported total revenue of $1,185,389. Based on 13 IRS 990 filings on record.
What are New Jersey Utilities Association Inc's total assets?
New Jersey Utilities Association Inc holds total assets of $2,646,546 as reported in IRS 990 filings.
Where is New Jersey Utilities Association Inc located?
New Jersey Utilities Association Inc is based in Trenton, New Jersey.
What is New Jersey Utilities Association Inc's EIN?
New Jersey Utilities Association Inc's Employer Identification Number (EIN) is 221723245. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Utilities Association Inc?
New Jersey Utilities Association Inc is classified under NTEE code Unknown (Unknown).
Is New Jersey Utilities Association Inc a registered 501(c)(3)?
New Jersey Utilities Association Inc appears in IRS records (EIN: 221723245). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Utilities Association Inc file IRS Form 990?
Yes, New Jersey Utilities Association Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Utilities Association Inc's revenue in 2023?
In the 202312 filing period, New Jersey Utilities Association Inc reported total revenue of $1,071,247, total expenses of $1,020,628, and net assets of $2,677,407.
Is New Jersey Utilities Association Inc's revenue growing or declining?
New Jersey Utilities Association Inc's revenue is growing. Revenue went from $975,222 (202212) to $1,071,247 (202312), a +9.8% change. Based on 13 filings on record.
What is New Jersey Utilities Association Inc's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Utilities Association Inc covers tax period 202312. It shows revenue of $1,071,247, expenses of $1,020,628, total assets of $2,677,407, and liabilities of $247,879.
How much does New Jersey Utilities Association Inc spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Utilities Association Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is New Jersey Utilities Association Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Utilities Association Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 3 strengths noted.
What are New Jersey Utilities Association Inc's strengths?
Positive indicators for New Jersey Utilities Association Inc include: Consistently high program spending, averaging over 80% of total expenses.. Stable revenue and asset growth over the past several years.. Healthy financial reserves, with assets consistently exceeding liabilities.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Utilities Association Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with no individual compensation exceeding $200,000 in recent filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization's lobbying activity impact its overall mission and public perception?
As a utilities association, a significant portion of their 'program' spending likely involves lobbying and advocacy. While this directly supports their members' interests, it could be perceived differently by the general public compared to direct charitable services.
Filing History
IRS 990 filing history for New Jersey Utilities Association Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), New Jersey Utilities Association Inc's revenue has grown by 10.9%, moving from $966K to $1.1M. Total assets increased by 179.3% over the same period, from $958K to $2.7M. Total functional expenses rose by 11.2%, from $918K to $1.0M. In its most recent filing year (2023), New Jersey Utilities Association Inc reported a surplus of $51K, with revenue exceeding expenses. The organization holds $248K in liabilities against $2.7M in assets (debt-to-asset ratio: 9.3%), resulting in net assets of $2.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.1M | $1.0M | $2.7M | $248K | — | View 990 |
| 2022 | $975K | $924K | $2.4M | $52K | — | View 990 |
| 2021 | $914K | $824K | $2.7M | $326K | — | View 990 |
| 2020 | $870K | $740K | $2.4M | $101K | — | — |
| 2019 | $1.1M | $793K | $2.2M | $46K | — | View 990 |
| 2018 | $1.0M | $897K | $2.1M | $198K | — | View 990 |
| 2017 | $965K | $878K | $1.9M | $117K | — | View 990 |
| 2016 | $1.0M | $875K | $1.9M | $191K | — | View 990 |
| 2015 | $1.1M | $915K | $1.7M | $187K | — | View 990 |
| 2014 | $1.0M | $811K | $1.5M | $174K | — | View 990 |
| 2013 | $1.0M | $806K | $1.3M | $155K | — | View 990 |
| 2012 | $965K | $818K | $1.1M | $161K | — | View 990 |
| 2011 | $966K | $918K | $958K | $160K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.1M, expenses of $1.0M, and assets of $2.7M (revenue +9.8% year-over-year).
- 2022: Revenue of $975K, expenses of $924K, and assets of $2.4M (revenue +6.7% year-over-year).
- 2021: Revenue of $914K, expenses of $824K, and assets of $2.7M (revenue +5.1% year-over-year).
- 2020: Revenue of $870K, expenses of $740K, and assets of $2.4M (revenue -17.2% year-over-year).
- 2019: Revenue of $1.1M, expenses of $793K, and assets of $2.2M (revenue +4.7% year-over-year).
- 2018: Revenue of $1.0M, expenses of $897K, and assets of $2.1M (revenue +4.0% year-over-year).
- 2017: Revenue of $965K, expenses of $878K, and assets of $1.9M (revenue -5.1% year-over-year).
- 2016: Revenue of $1.0M, expenses of $875K, and assets of $1.9M (revenue -5.3% year-over-year).
- 2015: Revenue of $1.1M, expenses of $915K, and assets of $1.7M (revenue +6.1% year-over-year).
- 2014: Revenue of $1.0M, expenses of $811K, and assets of $1.5M (revenue -2.4% year-over-year).
- 2013: Revenue of $1.0M, expenses of $806K, and assets of $1.3M (revenue +7.4% year-over-year).
- 2012: Revenue of $965K, expenses of $818K, and assets of $1.1M (revenue -0.2% year-over-year).
- 2011: Revenue of $966K, expenses of $918K, and assets of $958K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Utilities Association Inc:
Data Sources and Methodology
This transparency report for New Jersey Utilities 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.