Nutley Family Service Bureau Inc

Is Nutley Family Service Bureau Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Nutley Family Service Bureau Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Nutley Family Service Bureau Inc

Nutley Family Service Bureau Inc (EIN: 221487279) is a nonprofit organization based in Nutley, NJ, classified under NTEE code P46Z. The organization reported total revenue of $2.2M and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Nutley Family Service Bureau Inc'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 Nutley Family Service Bureau 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: 15%
• programs: 75%
• fundraising: 10%

According to IRS 990 filings, Nutley Family Service Bureau Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The provided data indicates 'c0%' for compensation across all years, which suggests executive compensation details are not readily available in this summary and would require reviewing full IRS Form 990 filings to assess specific amounts.

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 Nutley Family Service Bureau Inc's IRS 990 filings:

• Expenses have exceeded revenue in multiple recent years (e.g., 2023, 2022, 2021), indicating potential operational deficits.
• Total assets have shown a declining trend from 2020 ($1,391,301) to 2023 ($949,525), which could signal long-term financial strain.

Strengths

The following positive indicators were identified for Nutley Family Service Bureau Inc:

• The organization has a long history of consistent financial reporting, dating back to 2016.
• Despite some operational deficits, the organization has maintained significant assets, indicating a degree of financial resilience.
• The organization consistently reports revenue over $1 million in recent years, demonstrating a stable funding base.

Frequently Asked Questions about Nutley Family Service Bureau Inc

Filing History

IRS 990 filing history for Nutley Family Service Bureau Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Nutley Family Service Bureau Inc's revenue has grown by 450.7%, moving from $326K to $1.8M. Total assets increased by 176.4% over the same period, from $343K to $950K. Total functional expenses rose by 594.6%, from $287K to $2.0M. In its most recent filing year (2023), Nutley Family Service Bureau Inc reported a deficit of $201K, with expenses exceeding revenue. The organization holds $98K in liabilities against $950K in assets (debt-to-asset ratio: 10.3%), resulting in net assets of $852K.

Year-by-Year Financial Summary

• 2023: Revenue of $1.8M, expenses of $2.0M, and assets of $950K (revenue +29.8% year-over-year).
• 2022: Revenue of $1.4M, expenses of $1.6M, and assets of $1.1M (revenue +8.5% year-over-year).
• 2021: Revenue of $1.3M, expenses of $1.3M, and assets of $1.3M (revenue +7.7% year-over-year).
• 2020: Revenue of $1.2M, expenses of $1.0M, and assets of $1.4M (revenue +1.9% year-over-year).
• 2019: Revenue of $1.2M, expenses of $936K, and assets of $1.2M (revenue +33.7% year-over-year).
• 2018: Revenue of $868K, expenses of $785K, and assets of $1.1M (revenue +11.2% year-over-year).
• 2017: Revenue of $780K, expenses of $660K, and assets of $945K (revenue +5.9% year-over-year).
• 2016: Revenue of $737K, expenses of $629K, and assets of $814K (revenue +22.8% year-over-year).
• 2015: Revenue of $600K, expenses of $558K, and assets of $700K (revenue +1.2% year-over-year).
• 2014: Revenue of $593K, expenses of $464K, and assets of $634K (revenue +24.3% year-over-year).
• 2013: Revenue of $477K, expenses of $399K, and assets of $508K (revenue +6.7% year-over-year).
• 2012: Revenue of $447K, expenses of $358K, and assets of $430K (revenue +37.1% year-over-year).
• 2011: Revenue of $326K, expenses of $287K, and assets of $343K.

Data Sources and Methodology

This transparency report for Nutley Family Service Bureau 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.