North Jersey Chamber Of Commerce
North Jersey Chamber Of Commerce operates with tight margins, frequently incurring deficits, and reports no officer compensation.
EIN: 220826285 · Clifton, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $333K |
| Total Expenses | $259K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $300,000. |
| Net Assets | $-253 |
| Transparency Score | 75/100 |
Is North Jersey 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 →
North Jersey Chamber Of Commerce directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About North Jersey Chamber Of Commerce
North Jersey Chamber Of Commerce (EIN: 220826285) is a nonprofit organization based in Clifton, NJ. The organization reported total revenue of $333K and total assets of $85K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of North Jersey Chamber Of Commerce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
North Jersey Chamber Of Commerce is a small nonprofit that has been operating for 84 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $257K |
| Total Expenses | $259K |
| Surplus / Deficit | $-1,903 |
| Total Assets | $94K |
| Total Liabilities | $95K |
| Net Assets | $-253 |
| Operating Margin | -0.7% |
| Debt-to-Asset Ratio | 100.3% |
| Months of Reserves | 4.4 months |
Financial Health Grade: C
In 2023, North Jersey Chamber Of Commerce reported a deficit of $2K with expenses exceeding revenue, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 100.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), North Jersey Chamber Of Commerce's revenue has declined at a compound annual growth rate (CAGR) of -2.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +13.4% | +6.4% | -2.0% |
| 2022 | -8.0% | +10.4% | -19.8% |
| 2021 | +67.0% | +12.2% | +-0.0% |
| 2020 | -14.9% | +14.4% | +85.2% |
| 2019 | +7.4% | +32.1% | -3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1942 |
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 North Jersey 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, North Jersey Chamber Of Commerce allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 $2K, with expenses exceeding revenue.
- Debt-to-asset ratio: 100.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that officers are either uncompensated or compensated through non-officer channels, which is highly favorable for a small organization with revenues typically under $300,000.
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 North Jersey Chamber Of Commerce's IRS 990 filings:
- Frequent operational deficits (e.g., 2023 expenses $258,778 vs. revenue $256,875)
- Liabilities often close to or exceeding assets (e.g., 2023 liabilities $94,660 vs. assets $94,407)
- Lack of detailed spending breakdown (program, admin, fundraising) in provided data
Strengths
The following positive indicators were identified for North Jersey Chamber Of Commerce:
- Consistent reporting of 0% officer compensation
- Long history of IRS 990 filings (13 filings)
- Overall revenue growth trend over the last decade
- Sustained operations despite tight financial margins
Frequently Asked Questions about North Jersey Chamber Of Commerce
Is North Jersey Chamber Of Commerce a legitimate charity?
North Jersey Chamber Of Commerce (EIN: 220826285) 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: $333K. 3 red flags identified. 4 strengths noted. Financial health grade: C.
How does North Jersey Chamber Of Commerce spend its money?
North Jersey Chamber Of Commerce directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to North Jersey Chamber Of Commerce tax-deductible?
North Jersey Chamber Of Commerce is registered as a tax-exempt nonprofit (EIN: 220826285). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the North Jersey Chamber Of Commerce CEO make?
North Jersey Chamber Of Commerce's highest-compensated officer earns $300,000. annually. The organization reported $333K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of North Jersey Chamber Of Commerce's spending goes to programs?
North Jersey Chamber Of Commerce directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is North Jersey Chamber Of Commerce located?
North Jersey Chamber Of Commerce is headquartered in Clifton, New Jersey and files with the IRS under EIN 220826285.
How many years of IRS 990 filings does North Jersey Chamber Of Commerce have?
North Jersey Chamber Of Commerce 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 $333K in total revenue.
Is the North Jersey Chamber Of Commerce financially stable?
The organization operates with tight financial margins, frequently reporting expenses exceeding revenues (e.g., $258,778 expenses vs. $256,875 revenue in 2023) and liabilities often close to or exceeding assets ($94,660 liabilities vs. $94,407 assets in 2023). While it has sustained operations for over a decade, this indicates a reliance on ongoing revenue to cover obligations rather than substantial reserves.
How does the organization manage its leadership compensation?
The North Jersey Chamber Of Commerce consistently reports 0% officer compensation in its IRS 990 filings, suggesting that its leadership is either volunteer-based or compensated through mechanisms not categorized as officer compensation, which is a strong indicator of efficient resource allocation.
What is the trend in the organization's revenue?
Revenue has shown an overall upward trend over the past decade, increasing from $162,573 in 2014 to $256,875 in 2023, despite some year-to-year fluctuations.
Filing History
IRS 990 filing history for North Jersey Chamber Of Commerce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), North Jersey Chamber Of Commerce's revenue has declined by 24.3%, moving from $339K to $257K. Total assets increased by 23.8% over the same period, from $76K to $94K. Total functional expenses fell by 24.4%, from $342K to $259K. In its most recent filing year (2023), North Jersey Chamber Of Commerce reported a deficit of $2K, with expenses exceeding revenue. The organization holds $95K in liabilities against $94K in assets (debt-to-asset ratio: 100.3%), resulting in net assets of $-253.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $257K | $259K | $94K | $95K | — | View 990 |
| 2022 | $226K | $243K | $96K | $95K | — | View 990 |
| 2021 | $246K | $220K | $120K | $102K | — | View 990 |
| 2020 | $147K | $196K | $120K | $128K | — | — |
| 2019 | $173K | $172K | $65K | $24K | — | View 990 |
| 2018 | $161K | $130K | $67K | $27K | — | View 990 |
| 2017 | $175K | $152K | $46K | $37K | — | View 990 |
| 2016 | $199K | $197K | $25K | $40K | — | View 990 |
| 2015 | $184K | $201K | $7K | $51K | — | View 990 |
| 2014 | $163K | $202K | $6K | $33K | — | View 990 |
| 2013 | $284K | $287K | $35K | $23K | — | View 990 |
| 2012 | $339K | $356K | $59K | $43K | — | View 990 |
| 2011 | $339K | $342K | $76K | $43K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $257K, expenses of $259K, and assets of $94K (revenue +13.4% year-over-year).
- 2022: Revenue of $226K, expenses of $243K, and assets of $96K (revenue -8.0% year-over-year).
- 2021: Revenue of $246K, expenses of $220K, and assets of $120K (revenue +67.0% year-over-year).
- 2020: Revenue of $147K, expenses of $196K, and assets of $120K (revenue -14.9% year-over-year).
- 2019: Revenue of $173K, expenses of $172K, and assets of $65K (revenue +7.4% year-over-year).
- 2018: Revenue of $161K, expenses of $130K, and assets of $67K (revenue -8.1% year-over-year).
- 2017: Revenue of $175K, expenses of $152K, and assets of $46K (revenue -12.1% year-over-year).
- 2016: Revenue of $199K, expenses of $197K, and assets of $25K (revenue +8.4% year-over-year).
- 2015: Revenue of $184K, expenses of $201K, and assets of $7K (revenue +13.2% year-over-year).
- 2014: Revenue of $163K, expenses of $202K, and assets of $6K (revenue -42.7% year-over-year).
- 2013: Revenue of $284K, expenses of $287K, and assets of $35K (revenue -16.2% year-over-year).
- 2012: Revenue of $339K, expenses of $356K, and assets of $59K (revenue -0.2% year-over-year).
- 2011: Revenue of $339K, expenses of $342K, and assets of $76K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for North Jersey Chamber Of Commerce:
Data Sources and Methodology
This transparency report for North Jersey 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.