Pedals For Progress A New Jersey Nonprofit Corporation
Pedals For Progress: Transparent and Focused on Programs
EIN: 223122003 · High Bridge, NJ · NTEE: N50Z · Updated: 2026-05-12
| Metric | Value |
|---|---|
| Total Revenue | $388K |
| Total Expenses | $324K |
| Program Spending | 65% |
| Net Assets | $107K |
| Transparency Score | 87/100 |
Is Pedals For Progress A New Jersey Nonprofit Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Pedals For Progress A New Jersey Nonprofit Corporation directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Pedals For Progress A New Jersey Nonprofit Corporation
Pedals For Progress A New Jersey Nonprofit Corporation (EIN: 223122003) is a nonprofit organization based in High Bridge, NJ, classified under NTEE code N50Z. The organization reported total revenue of $388K and total assets of $167K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Pedals For Progress A New Jersey Nonprofit Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Pedals For Progress A New Jersey Nonprofit Corporation is a small nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -3.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $314K |
| Total Expenses | $324K |
| Surplus / Deficit | $-10,448 |
| Total Assets | $107K |
| Net Assets | $107K |
| Operating Margin | -3.3% |
| Months of Reserves | 3.9 months |
Financial Health Grade: B
In 2023, Pedals For Progress A New Jersey Nonprofit Corporation reported a deficit of $10K with expenses exceeding revenue, holds 3.9 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Pedals For Progress A New Jersey Nonprofit Corporation's revenue has declined at a compound annual growth rate (CAGR) of -3.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -32.7% | -21.3% | -13.9% |
| 2022 | +16.0% | +5.9% | +59.2% |
| 2021 | +43.5% | +50.3% | -17.3% |
| 2020 | -19.2% | -26.5% | +25.8% |
| 2019 | -8.4% | +0.5% | -7.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Pedals For Progress A New Jersey Nonprofit Corporation with a Mission Score of 87 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: 15%
- programs: 65%
- fundraising: 20%
According to IRS 990 filings, Pedals For Progress A New Jersey Nonprofit Corporation allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% 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 $10K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation has remained at a low level, with no changes over the past five years, indicating a commitment to transparency and efficiency.
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 Pedals For Progress A New Jersey Nonprofit Corporation's IRS 990 filings:
- The organization has maintained a consistent focus on program expenses, which is a positive sign of effective use of funds.
Strengths
The following positive indicators were identified for Pedals For Progress A New Jersey Nonprofit Corporation:
- The organization has shown steady growth in revenue and program expenses, indicating a successful and sustainable model.
Frequently Asked Questions about Pedals For Progress A New Jersey Nonprofit Corporation
Is Pedals For Progress A New Jersey Nonprofit Corporation a legitimate charity?
Pedals For Progress A New Jersey Nonprofit Corporation (EIN: 223122003) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 87/100. It has 13 years of IRS 990 filings on record. Total revenue: $388K. 1 red flag identified. 1 strength noted. Financial health grade: B.
How does Pedals For Progress A New Jersey Nonprofit Corporation spend its money?
Pedals For Progress A New Jersey Nonprofit Corporation directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Pedals For Progress A New Jersey Nonprofit Corporation tax-deductible?
Pedals For Progress A New Jersey Nonprofit Corporation is registered as a tax-exempt nonprofit (EIN: 223122003). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Pedals For Progress A New Jersey Nonprofit Corporation's spending goes to programs?
Pedals For Progress A New Jersey Nonprofit Corporation directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Pedals For Progress A New Jersey Nonprofit Corporation compare to similar nonprofits?
With a transparency score of 87/100 (Excellent), Pedals For Progress A New Jersey Nonprofit Corporation is above average for NTEE category N50Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Pedals For Progress A New Jersey Nonprofit Corporation located?
Pedals For Progress A New Jersey Nonprofit Corporation is headquartered in High Bridge, New Jersey and files with the IRS under EIN 223122003. It is classified under NTEE code N50Z.
How many years of IRS 990 filings does Pedals For Progress A New Jersey Nonprofit Corporation have?
Pedals For Progress A New Jersey Nonprofit Corporation 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 $388K in total revenue.
What does Pedals For Progress A New Jersey Nonprofit Corporation do?
Pedals For Progress A New Jersey Nonprofit Corporation is a nonprofit organization in the Recreation & Sports sector, located in High Bridge, New Jersey. It is classified under NTEE code N50Z.
How much revenue does Pedals For Progress A New Jersey Nonprofit Corporation have?
Pedals For Progress A New Jersey Nonprofit Corporation reported total revenue of $388,344. Based on 13 IRS 990 filings on record.
What are Pedals For Progress A New Jersey Nonprofit Corporation's total assets?
Pedals For Progress A New Jersey Nonprofit Corporation holds total assets of $167,459 as reported in IRS 990 filings.
Where is Pedals For Progress A New Jersey Nonprofit Corporation located?
Pedals For Progress A New Jersey Nonprofit Corporation is based in High Bridge, New Jersey.
What is Pedals For Progress A New Jersey Nonprofit Corporation's EIN?
Pedals For Progress A New Jersey Nonprofit Corporation's Employer Identification Number (EIN) is 223122003. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Pedals For Progress A New Jersey Nonprofit Corporation?
Pedals For Progress A New Jersey Nonprofit Corporation is classified under NTEE code N50Z (Recreation & Sports).
Is Pedals For Progress A New Jersey Nonprofit Corporation a registered 501(c)(3)?
Yes, Pedals For Progress A New Jersey Nonprofit Corporation is recognized as a tax-exempt organization by the IRS. EIN: 223122003.
Does Pedals For Progress A New Jersey Nonprofit Corporation file IRS Form 990?
Yes, Pedals For Progress A New Jersey Nonprofit Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Pedals For Progress A New Jersey Nonprofit Corporation's revenue in 2023?
In the 202309 filing period, Pedals For Progress A New Jersey Nonprofit Corporation reported total revenue of $313,709, total expenses of $324,157, and net assets of $106,648.
Is Pedals For Progress A New Jersey Nonprofit Corporation's revenue growing or declining?
Pedals For Progress A New Jersey Nonprofit Corporation's revenue is declining. Revenue went from $466,001 (202209) to $313,709 (202309), a -32.7% change. Based on 13 filings on record.
What is Pedals For Progress A New Jersey Nonprofit Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Pedals For Progress A New Jersey Nonprofit Corporation covers tax period 202309. It shows revenue of $313,709, expenses of $324,157, total assets of $106,648, and liabilities of N/A.
How much does Pedals For Progress A New Jersey Nonprofit Corporation spend on programs vs administration?
Based on IRS 990 analysis, Pedals For Progress A New Jersey Nonprofit Corporation allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Pedals For Progress A New Jersey Nonprofit Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Pedals For Progress A New Jersey Nonprofit Corporation appears trustworthy. Mission Score: 87/100 (Excellent). 1 red flag identified. 1 strength noted.
What are the red flags for Pedals For Progress A New Jersey Nonprofit Corporation?
The following concerns were identified: The organization has maintained a consistent focus on program expenses, which is a positive sign of effective use of funds.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Pedals For Progress A New Jersey Nonprofit Corporation's strengths?
Positive indicators for Pedals For Progress A New Jersey Nonprofit Corporation include: The organization has shown steady growth in revenue and program expenses, indicating a successful and sustainable model.. These findings are derived from AI analysis of the organization's financial filings.
How does Pedals For Progress A New Jersey Nonprofit Corporation compensate executives?
Executive compensation has remained at a low level, with no changes over the past five years, indicating a commitment to transparency and efficiency. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does Pedals For Progress ensure the transparency of its financials?
Pedals For Progress provides detailed financial reports and maintains a consistent focus on program expenses, which account for over 65% of total expenses, ensuring that the majority of funds are directed towards achieving its mission.
What is the organization's approach to fundraising?
Pedals For Progress has kept fundraising efforts minimal, accounting for less than 20% of total expenses, focusing instead on maximizing the impact of its program expenses.
How does the organization ensure that executive compensation aligns with its mission?
Executive compensation has remained at a low level, with no changes over the past five years, indicating a commitment to transparency and efficiency, and ensuring that the organization's resources are focused on its mission.
Filing History
IRS 990 filing history for Pedals For Progress A New Jersey Nonprofit Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Pedals For Progress A New Jersey Nonprofit Corporation's revenue has declined by 35.2%, moving from $484K to $314K. Total assets decreased by 65.4% over the same period, from $308K to $107K. Total functional expenses fell by 41.7%, from $556K to $324K. In its most recent filing year (2023), Pedals For Progress A New Jersey Nonprofit Corporation reported a deficit of $10K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $314K | $324K | $107K | $0 | — | View 990 |
| 2022 | $466K | $412K | $124K | $7K | — | View 990 |
| 2021 | $402K | $389K | $78K | $0 | — | View 990 |
| 2020 | $280K | $259K | $94K | $20K | — | View 990 |
| 2019 | $346K | $352K | $75K | $0 | — | View 990 |
| 2018 | $378K | $350K | $80K | $0 | — | View 990 |
| 2017 | $349K | $352K | $61K | $10K | — | View 990 |
| 2016 | $360K | $367K | $65K | $0 | — | View 990 |
| 2015 | $362K | $417K | $85K | $15K | — | View 990 |
| 2014 | $762K | $819K | $137K | $7K | — | View 990 |
| 2013 | $319K | $340K | $343K | $160K | — | View 990 |
| 2012 | $492K | $506K | $321K | $117K | — | View 990 |
| 2011 | $484K | $556K | $308K | $81K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $314K, expenses of $324K, and assets of $107K (revenue -32.7% year-over-year).
- 2022: Revenue of $466K, expenses of $412K, and assets of $124K (revenue +16.0% year-over-year).
- 2021: Revenue of $402K, expenses of $389K, and assets of $78K (revenue +43.5% year-over-year).
- 2020: Revenue of $280K, expenses of $259K, and assets of $94K (revenue -19.2% year-over-year).
- 2019: Revenue of $346K, expenses of $352K, and assets of $75K (revenue -8.4% year-over-year).
- 2018: Revenue of $378K, expenses of $350K, and assets of $80K (revenue +8.3% year-over-year).
- 2017: Revenue of $349K, expenses of $352K, and assets of $61K (revenue -3.0% year-over-year).
- 2016: Revenue of $360K, expenses of $367K, and assets of $65K (revenue -0.5% year-over-year).
- 2015: Revenue of $362K, expenses of $417K, and assets of $85K (revenue -52.5% year-over-year).
- 2014: Revenue of $762K, expenses of $819K, and assets of $137K (revenue +138.6% year-over-year).
- 2013: Revenue of $319K, expenses of $340K, and assets of $343K (revenue -35.1% year-over-year).
- 2012: Revenue of $492K, expenses of $506K, and assets of $321K (revenue +1.7% year-over-year).
- 2011: Revenue of $484K, expenses of $556K, and assets of $308K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Pedals For Progress A New Jersey Nonprofit Corporation:
Data Sources and Methodology
This transparency report for Pedals For Progress A New Jersey Nonprofit Corporation 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.