Paterson Nj Oic
Paterson NJ OIC: Financials Show Volatility, Strong Program Spending
EIN: 221947953 · Paterson, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $159K |
| Total Expenses | $275K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $-115,959 |
| Transparency Score | 75/100 |
Is Paterson Nj Oic Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Paterson Nj Oic directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Paterson Nj Oic
Paterson Nj Oic (EIN: 221947953) is a nonprofit organization based in Paterson, NJ. The organization reported total revenue of $159K and total assets of $120K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Paterson Nj Oic's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Paterson Nj Oic is a small nonprofit that has been operating for 46 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -13.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $183K |
| Total Expenses | $275K |
| Surplus / Deficit | $-91,532 |
| Total Assets | $154K |
| Total Liabilities | $270K |
| Net Assets | $-115,959 |
| Operating Margin | -50.0% |
| Debt-to-Asset Ratio | 175.1% |
| Months of Reserves | 6.7 months |
Financial Health Grade: C
In 2023, Paterson Nj Oic reported a deficit of $92K with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 175.1% (high leverage).
Financial Trends
Over 12 years of filings (2011–2023), Paterson Nj Oic's revenue has declined at a compound annual growth rate (CAGR) of -13.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +0.0% | +0.0% | +0.0% |
| 2022 | -77.5% | -61.9% | -39.9% |
| 2021 | +29.3% | +4.4% | +29.4% |
| 2020 | -22.8% | -14.3% | +12.9% |
| 2019 | +17.6% | +16.2% | +6.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1980 |
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 Nj Oic 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: 5%
- programs: 85%
- fundraising: 10%
According to IRS 990 filings, Paterson Nj Oic allocates its expenses as follows: admin: 5%, programs: 85%, fundraising: 10%. 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 deficit of $92K, with expenses exceeding revenue.
- Debt-to-asset ratio: 175.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as $0 across all available filings, which is highly unusual for an organization with significant revenue and expenses and warrants further inquiry into how leadership is compensated.
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 Nj Oic's IRS 990 filings:
- Identical financial figures for 202306 and 202206 filings (revenue $183,245, expenses $274,777, assets $154,364, liabilities $270,323) raise concerns about data accuracy or reporting practices.
- Consistent reporting of 0% compensation across all years suggests that executive compensation may be miscategorized, paid by a related entity, or not disclosed in the standard manner.
- Significant fluctuations in revenue and expenses year-over-year (e.g., revenue dropped from $813,214 in 202106 to $183,245 in 202206) indicate potential instability or changes in operational scale.
Strengths
The following positive indicators were identified for Paterson Nj Oic:
- Despite financial fluctuations, the organization consistently allocates a high percentage of its spending to programs, indicating a strong commitment to its mission.
- The organization has a long history of operations, with financial data available back to 201606, suggesting established community presence.
Frequently Asked Questions about Paterson Nj Oic
Is Paterson Nj Oic a legitimate charity?
Paterson Nj Oic (EIN: 221947953) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $159K. 3 red flags identified. 2 strengths noted. Financial health grade: C.
How does Paterson Nj Oic spend its money?
Paterson Nj Oic directs 85% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Paterson Nj Oic tax-deductible?
Paterson Nj Oic is registered as a tax-exempt nonprofit (EIN: 221947953). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Paterson Nj Oic CEO make?
Paterson Nj Oic's highest-compensated officer earns $0 annually. The organization reported $159K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Paterson Nj Oic's spending goes to programs?
Paterson Nj Oic directs 85% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Paterson Nj Oic located?
Paterson Nj Oic is headquartered in Paterson, New Jersey and files with the IRS under EIN 221947953.
How many years of IRS 990 filings does Paterson Nj Oic have?
Paterson Nj Oic has 12 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 $159K in total revenue.
What does Paterson Nj Oic do?
Paterson Nj Oic is a nonprofit organization in the Unknown sector, located in Paterson, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Paterson Nj Oic have?
Paterson Nj Oic reported total revenue of $158,569. Based on 12 IRS 990 filings on record.
What are Paterson Nj Oic's total assets?
Paterson Nj Oic holds total assets of $120,058 as reported in IRS 990 filings.
Where is Paterson Nj Oic located?
Paterson Nj Oic is based in Paterson, New Jersey.
What is Paterson Nj Oic's EIN?
Paterson Nj Oic's Employer Identification Number (EIN) is 221947953. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Paterson Nj Oic?
Paterson Nj Oic is classified under NTEE code Unknown (Unknown).
Is Paterson Nj Oic a registered 501(c)(3)?
Paterson Nj Oic appears in IRS records (EIN: 221947953). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Paterson Nj Oic file IRS Form 990?
Yes, Paterson Nj Oic has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Paterson Nj Oic's revenue in 2023?
In the 202306 filing period, Paterson Nj Oic reported total revenue of $183,245, total expenses of $274,777, and net assets of $154,364.
Is Paterson Nj Oic's revenue growing or declining?
Paterson Nj Oic's revenue is relatively stable. Revenue went from $183,245 (202206) to $183,245 (202306), a 0.0% change. Based on 12 filings on record.
What is Paterson Nj Oic's most recent 990 filing?
The most recent IRS Form 990 filing for Paterson Nj Oic covers tax period 202306. It shows revenue of $183,245, expenses of $274,777, total assets of $154,364, and liabilities of $270,323.
How much does Paterson Nj Oic spend on programs vs administration?
Based on IRS 990 analysis, Paterson Nj Oic allocates approximately 85% of expenses to program services, 5% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Paterson Nj Oic a trustworthy charity?
Based on AI analysis of IRS 990 data, Paterson Nj Oic appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 2 strengths noted.
What are the red flags for Paterson Nj Oic?
The following concerns were identified: Identical financial figures for 202306 and 202206 filings (revenue $183,245, expenses $274,777, assets $154,364, liabilities $270,323) raise concerns about data accuracy or reporting practices.. Consistent reporting of 0% compensation across all years suggests that executive compensation may be miscategorized, paid by a related entity, or not disclosed in the standard manner.. Significant fluctuations in revenue and expenses year-over-year (e.g., revenue dropped from $813,214 in 202106 to $183,245 in 202206) indicate potential instability or changes in operational scale.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Paterson Nj Oic's strengths?
Positive indicators for Paterson Nj Oic include: Despite financial fluctuations, the organization consistently allocates a high percentage of its spending to programs, indicating a strong commitment to its mission.. The organization has a long history of operations, with financial data available back to 201606, suggesting established community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Paterson Nj Oic compensate executives?
Executive compensation is consistently reported as $0 across all available filings, which is highly unusual for an organization with significant revenue and expenses and warrants further inquiry into how leadership is compensated. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the identical financial figures for 202306 and 202206, what is the actual financial status for the most recent fiscal year, and what caused this reporting anomaly?
The identical figures ($183,245 revenue, $274,777 expenses) for both 202306 and 202206 filings are highly unusual. It's critical to obtain the actual 202306 filing to verify if this was a clerical error, a re-submission of an old report, or if the organization indeed had identical financial performance, which is statistically improbable.
How does Paterson NJ OIC manage executive compensation if it consistently reports $0 in compensation across all filings?
The consistent reporting of $0 for compensation suggests that executive salaries might be paid through a related organization, covered by grants that don't require direct reporting as compensation, or that the leadership is entirely volunteer-based. This lack of transparency on leadership compensation is a significant red flag for financial oversight.
Filing History
IRS 990 filing history for Paterson Nj Oic showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Paterson Nj Oic's revenue has declined by 81.8%, moving from $1.0M to $183K. Total assets decreased by 54.4% over the same period, from $339K to $154K. Total functional expenses fell by 74.9%, from $1.1M to $275K. In its most recent filing year (2023), Paterson Nj Oic reported a deficit of $92K, with expenses exceeding revenue. The organization holds $270K in liabilities against $154K in assets (debt-to-asset ratio: 175.1%), resulting in net assets of $-115,959.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $183K | $275K | $154K | $270K | — | — |
| 2022 | $183K | $275K | $154K | $270K | — | — |
| 2021 | $813K | $722K | $257K | $89K | — | — |
| 2020 | $629K | $691K | $199K | $169K | — | View 990 |
| 2019 | $814K | $807K | $176K | $84K | — | View 990 |
| 2018 | $693K | $694K | $165K | $81K | — | View 990 |
| 2017 | $790K | $775K | $190K | $104K | — | View 990 |
| 2016 | $801K | $840K | $203K | $131K | — | View 990 |
| 2014 | $644K | $607K | $145K | $137K | — | View 990 |
| 2013 | $417K | $586K | $144K | $174K | — | View 990 |
| 2012 | $1.0M | $976K | $323K | $199K | — | View 990 |
| 2011 | $1.0M | $1.1M | $339K | $280K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $183K, expenses of $275K, and assets of $154K (revenue +0.0% year-over-year).
- 2022: Revenue of $183K, expenses of $275K, and assets of $154K (revenue -77.5% year-over-year).
- 2021: Revenue of $813K, expenses of $722K, and assets of $257K (revenue +29.3% year-over-year).
- 2020: Revenue of $629K, expenses of $691K, and assets of $199K (revenue -22.8% year-over-year).
- 2019: Revenue of $814K, expenses of $807K, and assets of $176K (revenue +17.6% year-over-year).
- 2018: Revenue of $693K, expenses of $694K, and assets of $165K (revenue -12.3% year-over-year).
- 2017: Revenue of $790K, expenses of $775K, and assets of $190K (revenue -1.4% year-over-year).
- 2016: Revenue of $801K, expenses of $840K, and assets of $203K (revenue +24.4% year-over-year).
- 2014: Revenue of $644K, expenses of $607K, and assets of $145K (revenue +54.4% year-over-year).
- 2013: Revenue of $417K, expenses of $586K, and assets of $144K (revenue -59.9% year-over-year).
- 2012: Revenue of $1.0M, expenses of $976K, and assets of $323K (revenue +3.4% year-over-year).
- 2011: Revenue of $1.0M, expenses of $1.1M, and assets of $339K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Paterson Nj Oic:
Data Sources and Methodology
This transparency report for Paterson Nj Oic 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.