Paterson Alliance Inc
Paterson Alliance Inc shows consistent financial stability and growth with no reported officer compensation.
EIN: 20598570 · Paterson, NJ · NTEE: S20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $451K |
| Total Expenses | $308K |
| Program Spending | 90% |
| Net Assets | $203K |
| Transparency Score | 88/100 |
Is Paterson Alliance Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paterson Alliance Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Paterson Alliance Inc
Paterson Alliance Inc (EIN: 20598570) is a nonprofit organization based in Paterson, NJ, classified under NTEE code S20. The organization reported total revenue of $451K and total assets of $762K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paterson Alliance Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paterson Alliance Inc is a small nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $309K |
| Total Expenses | $308K |
| Surplus / Deficit | +$893 |
| Total Assets | $267K |
| Total Liabilities | $64K |
| Net Assets | $203K |
| Operating Margin | 0.3% |
| Debt-to-Asset Ratio | 23.8% |
| Months of Reserves | 10.4 months |
Financial Health Grade: A
In 2023, Paterson Alliance Inc reported a surplus of $893 with revenue exceeding expenses, holds 10.4 months of operating reserves (strong position), has a debt-to-asset ratio of 23.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Paterson Alliance Inc's revenue has grown at a compound annual growth rate (CAGR) of 11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +37.8% | +8.5% | +10.1% |
| 2022 | -17.6% | +15.6% | -16.8% |
| 2021 | +6.2% | +12.9% | +9.4% |
| 2020 | -12.3% | -13.6% | +13.1% |
| 2019 | -7.6% | +4.5% | +11.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Paterson Alliance Inc with a Mission Score of 88 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Paterson Alliance Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 $893, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership either serves on a volunteer basis or is compensated through non-officer roles, which is a strong indicator of resource allocation towards mission-related activities.
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 Paterson Alliance Inc:
- Consistent growth in net assets, from $79,750 in 2014 to $266,669 in 2023.
- 0% reported officer compensation across all filings, indicating high efficiency.
- Revenue growth, with the latest reported revenue of $451,166 significantly higher than previous years.
- Expenses closely align with revenue in recent years (e.g., 2023: Revenue=$309,292, Expenses=$308,399), suggesting efficient utilization of funds.
- Positive net assets maintained consistently over the past decade.
Frequently Asked Questions about Paterson Alliance Inc
Is Paterson Alliance Inc a legitimate charity?
Paterson Alliance Inc (EIN: 20598570) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 88/100. It has 13 years of IRS 990 filings on record. Total revenue: $451K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Paterson Alliance Inc spend its money?
Paterson Alliance Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Paterson Alliance Inc tax-deductible?
Paterson Alliance Inc is registered as a tax-exempt nonprofit (EIN: 20598570). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Paterson Alliance Inc's spending goes to programs?
Paterson Alliance Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Paterson Alliance Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Paterson Alliance Inc is above average for NTEE category S20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Paterson Alliance Inc located?
Paterson Alliance Inc is headquartered in Paterson, New Jersey and files with the IRS under EIN 20598570. It is classified under NTEE code S20.
How many years of IRS 990 filings does Paterson Alliance Inc have?
Paterson Alliance 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 $451K in total revenue.
Is Paterson Alliance Inc a good charity?
Based on the available IRS 990 data, Paterson Alliance Inc appears to be a well-managed charity. They consistently maintain positive net assets, show growth in revenue and assets, and notably report 0% officer compensation, suggesting a strong commitment to directing funds towards their mission.
How has Paterson Alliance Inc's revenue trended over the last decade?
Paterson Alliance Inc's revenue has shown a generally upward trend over the last decade, with fluctuations. It grew from $160,736 in 2014 to $309,292 in 2023, with the latest reported revenue reaching $451,166, indicating significant recent growth.
What is the organization's approach to executive compensation?
The organization reports 0% for officer compensation in all available filings, indicating that executive leadership is not directly compensated through officer salaries, which is a highly efficient use of donor funds.
Are Paterson Alliance Inc's assets growing?
Yes, Paterson Alliance Inc's assets have shown consistent growth, increasing from $79,750 in 2014 to $266,669 in 2023, and reaching $762,213 in the latest available data, demonstrating financial strengthening.
Filing History
IRS 990 filing history for Paterson Alliance Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Paterson Alliance Inc's revenue has grown by 260.1%, moving from $86K to $309K. Total assets increased by 504.4% over the same period, from $44K to $267K. Total functional expenses rose by 263.6%, from $85K to $308K. In its most recent filing year (2023), Paterson Alliance Inc reported a surplus of $893, with revenue exceeding expenses. The organization holds $64K in liabilities against $267K in assets (debt-to-asset ratio: 23.8%), resulting in net assets of $203K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $309K | $308K | $267K | $64K | — | — |
| 2022 | $224K | $284K | $242K | $40K | — | View 990 |
| 2021 | $272K | $246K | $291K | $29K | — | View 990 |
| 2020 | $256K | $218K | $266K | $31K | — | — |
| 2019 | $292K | $252K | $235K | $39K | — | View 990 |
| 2018 | $316K | $241K | $211K | $55K | — | View 990 |
| 2017 | $244K | $233K | $124K | $43K | — | View 990 |
| 2016 | $155K | $160K | $98K | $27K | — | View 990 |
| 2015 | $241K | $235K | $81K | $5K | — | View 990 |
| 2014 | $161K | $149K | $80K | $10K | — | View 990 |
| 2013 | $144K | $141K | $47K | $2K | — | View 990 |
| 2012 | $126K | $126K | $47K | $6K | — | View 990 |
| 2011 | $86K | $85K | $44K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $309K, expenses of $308K, and assets of $267K (revenue +37.8% year-over-year).
- 2022: Revenue of $224K, expenses of $284K, and assets of $242K (revenue -17.6% year-over-year).
- 2021: Revenue of $272K, expenses of $246K, and assets of $291K (revenue +6.2% year-over-year).
- 2020: Revenue of $256K, expenses of $218K, and assets of $266K (revenue -12.3% year-over-year).
- 2019: Revenue of $292K, expenses of $252K, and assets of $235K (revenue -7.6% year-over-year).
- 2018: Revenue of $316K, expenses of $241K, and assets of $211K (revenue +29.6% year-over-year).
- 2017: Revenue of $244K, expenses of $233K, and assets of $124K (revenue +58.0% year-over-year).
- 2016: Revenue of $155K, expenses of $160K, and assets of $98K (revenue -36.0% year-over-year).
- 2015: Revenue of $241K, expenses of $235K, and assets of $81K (revenue +50.1% year-over-year).
- 2014: Revenue of $161K, expenses of $149K, and assets of $80K (revenue +11.3% year-over-year).
- 2013: Revenue of $144K, expenses of $141K, and assets of $47K (revenue +14.6% year-over-year).
- 2012: Revenue of $126K, expenses of $126K, and assets of $47K (revenue +46.6% year-over-year).
- 2011: Revenue of $86K, expenses of $85K, and assets of $44K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paterson Alliance Inc:
Data Sources and Methodology
This transparency report for Paterson Alliance 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.