Paterson Eye And Ear Infirmary
Paterson Eye And Ear Infirmary: Stable Assets, Inconsistent Revenue
EIN: 221487291 · Fair Lawn, NJ · Updated: 2026-04-04
Is Paterson Eye And Ear Infirmary Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paterson Eye And Ear Infirmary directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Paterson Eye And Ear Infirmary
Paterson Eye And Ear Infirmary (EIN: 221487291) is a nonprofit organization based in Fair Lawn, NJ. The organization reported total revenue of $812K and total assets of $4.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paterson Eye And Ear Infirmary'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 Paterson Eye And Ear Infirmary 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Paterson Eye And Ear Infirmary allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 in the provided filings, which is unusual for an organization of this size and suggests compensation may be indirect or not fully disclosed in these specific line items.
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 Paterson Eye And Ear Infirmary's IRS 990 filings:
- Consistent reporting of 0% compensation for highest-paid employees raises questions about the true nature of executive compensation.
- Significant year-over-year fluctuations in revenue (e.g., $71,617 in 2020 vs. $250,402 in 2021) could indicate an unstable funding model or reliance on sporadic large donations.
Strengths
The following positive indicators were identified for Paterson Eye And Ear Infirmary:
- Maintains a stable asset base, consistently around $3.8M - $4.0M, indicating good financial stewardship of its reserves.
- Low reported expenses relative to assets suggest efficient operations or a focus on long-term asset preservation.
- The organization has consistently reported its financial data over many years, demonstrating a commitment to transparency in its filings.
Frequently Asked Questions about Paterson Eye And Ear Infirmary
Is Paterson Eye And Ear Infirmary a legitimate charity?
Based on AI analysis of IRS 990 filings, Paterson Eye And Ear Infirmary (EIN: 221487291) some concerns. Mission Score: 65/100. 2 red flags identified, 3 strengths noted.
How does Paterson Eye And Ear Infirmary spend its money?
Paterson Eye And Ear Infirmary directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Paterson Eye And Ear Infirmary tax-deductible?
Paterson Eye And Ear Infirmary is registered as a tax-exempt nonprofit (EIN: 221487291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Paterson Eye And Ear Infirmary do?
Paterson Eye And Ear Infirmary is a nonprofit organization in the Unknown sector, located in Fair Lawn, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Paterson Eye And Ear Infirmary have?
Paterson Eye And Ear Infirmary reported total revenue of $812,127. Based on 13 IRS 990 filings on record.
What are Paterson Eye And Ear Infirmary's total assets?
Paterson Eye And Ear Infirmary holds total assets of $4,063,840 as reported in IRS 990 filings.
Where is Paterson Eye And Ear Infirmary located?
Paterson Eye And Ear Infirmary is based in Fair Lawn, New Jersey.
What is Paterson Eye And Ear Infirmary's EIN?
Paterson Eye And Ear Infirmary's Employer Identification Number (EIN) is 221487291. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Paterson Eye And Ear Infirmary?
Paterson Eye And Ear Infirmary is classified under NTEE code Unknown (Unknown).
Is Paterson Eye And Ear Infirmary a registered 501(c)(3)?
Paterson Eye And Ear Infirmary appears in IRS records (EIN: 221487291). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Paterson Eye And Ear Infirmary file IRS Form 990?
Yes, Paterson Eye And Ear Infirmary has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Paterson Eye And Ear Infirmary's revenue in 2023?
In the 202312 filing period, Paterson Eye And Ear Infirmary reported total revenue of $235,378, total expenses of $367,142, and net assets of $3,940,124.
Is Paterson Eye And Ear Infirmary's revenue growing or declining?
Paterson Eye And Ear Infirmary's revenue is growing. Revenue went from $178,755 (202212) to $235,378 (202312), a +31.7% change. Based on 13 filings on record.
What is Paterson Eye And Ear Infirmary's most recent 990 filing?
The most recent IRS Form 990 filing for Paterson Eye And Ear Infirmary covers tax period 202312. It shows revenue of $235,378, expenses of $367,142, total assets of $3,940,124, and liabilities of $2,806.
How much does Paterson Eye And Ear Infirmary spend on programs vs administration?
Based on IRS 990 analysis, Paterson Eye And Ear Infirmary allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Paterson Eye And Ear Infirmary a trustworthy charity?
Based on AI analysis of IRS 990 data, Paterson Eye And Ear Infirmary shows mixed signals. Mission Score: 65/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Paterson Eye And Ear Infirmary?
The following concerns were identified: Consistent reporting of 0% compensation for highest-paid employees raises questions about the true nature of executive compensation.. Significant year-over-year fluctuations in revenue (e.g., $71,617 in 2020 vs. $250,402 in 2021) could indicate an unstable funding model or reliance on sporadic large donations.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Paterson Eye And Ear Infirmary's strengths?
Positive indicators for Paterson Eye And Ear Infirmary include: Maintains a stable asset base, consistently around $3.8M - $4.0M, indicating good financial stewardship of its reserves.. Low reported expenses relative to assets suggest efficient operations or a focus on long-term asset preservation.. The organization has consistently reported its financial data over many years, demonstrating a commitment to transparency in its filings.. These findings are derived from AI analysis of the organization's financial filings.
How does Paterson Eye And Ear Infirmary compensate executives?
Executive compensation is consistently reported as $0 in the provided filings, which is unusual for an organization of this size and suggests compensation may be indirect or not fully disclosed in these specific line items. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Paterson Eye And Ear Infirmary?
- The organization consistently reports 0% compensation for its highest-paid employees, which warrants further investigation into how executive compensation is structured or if it's reported under different categories. - Financial filings show a consistent level of assets around $3.8M - $4.0M over the past several years, indicating financial stability. - Revenue has fluctuated significantly year-over-year, from a low of $71,617 in 2020 to a high of $250,402 in 2021. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent asset base and fluctuating revenue, what is the primary source of funding that allows the organization to maintain its financial stability?
The consistent asset base despite fluctuating revenue suggests that the organization may rely heavily on investment income from its substantial assets, or that a significant portion of its revenue is not captured in the 'r' (revenue) field provided, such as specific grants or endowments.
How does the organization manage to operate with such low reported expenses, particularly if executive compensation is truly zero?
The low reported expenses and zero executive compensation could imply that the organization is primarily volunteer-run, or that significant operational costs and salaries are covered by an affiliated entity or through in-kind donations not fully reflected in these financial summaries.
Filing History
IRS 990 filing history for Paterson Eye And Ear Infirmary showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Paterson Eye And Ear Infirmary's revenue has grown by 3.8%, moving from $227K to $235K. Total assets increased by 22.9% over the same period, from $3.2M to $3.9M. Total functional expenses rose by 284.4%, from $96K to $367K. In its most recent filing year (2023), Paterson Eye And Ear Infirmary reported a deficit of $132K, with expenses exceeding revenue. The organization holds $3K in liabilities against $3.9M in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $3.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $235K | $367K | $3.9M | $3K | — | — |
| 2022 | $179K | $125K | $4.1M | $3K | — | View 990 |
| 2021 | $250K | $127K | $4.0M | $1K | — | View 990 |
| 2020 | $72K | $117K | $3.9M | $1K | — | View 990 |
| 2019 | $223K | $118K | $3.9M | $237 | — | View 990 |
| 2018 | $100K | $122K | $3.8M | $1K | — | View 990 |
| 2017 | $228K | $120K | $3.9M | $2K | — | View 990 |
| 2016 | $197K | $117K | $3.7M | $1K | — | View 990 |
| 2015 | $94K | $119K | $3.7M | $360 | — | View 990 |
| 2014 | $112K | $114K | $3.7M | $3K | — | View 990 |
| 2013 | $493K | $111K | $3.7M | $3K | — | View 990 |
| 2012 | $202K | $95K | $3.3M | $3K | — | View 990 |
| 2011 | $227K | $96K | $3.2M | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $235K, expenses of $367K, and assets of $3.9M (revenue +31.7% year-over-year).
- 2022: Revenue of $179K, expenses of $125K, and assets of $4.1M (revenue -28.6% year-over-year).
- 2021: Revenue of $250K, expenses of $127K, and assets of $4.0M (revenue +249.6% year-over-year).
- 2020: Revenue of $72K, expenses of $117K, and assets of $3.9M (revenue -67.9% year-over-year).
- 2019: Revenue of $223K, expenses of $118K, and assets of $3.9M (revenue +123.9% year-over-year).
- 2018: Revenue of $100K, expenses of $122K, and assets of $3.8M (revenue -56.3% year-over-year).
- 2017: Revenue of $228K, expenses of $120K, and assets of $3.9M (revenue +15.7% year-over-year).
- 2016: Revenue of $197K, expenses of $117K, and assets of $3.7M (revenue +110.3% year-over-year).
- 2015: Revenue of $94K, expenses of $119K, and assets of $3.7M (revenue -16.8% year-over-year).
- 2014: Revenue of $112K, expenses of $114K, and assets of $3.7M (revenue -77.2% year-over-year).
- 2013: Revenue of $493K, expenses of $111K, and assets of $3.7M (revenue +143.9% year-over-year).
- 2012: Revenue of $202K, expenses of $95K, and assets of $3.3M (revenue -10.8% year-over-year).
- 2011: Revenue of $227K, expenses of $96K, and assets of $3.2M.
Data Sources and Methodology
This transparency report for Paterson Eye And Ear Infirmary 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.