Private Industry Council Of Passaic County Incorporated
Private Industry Council of Passaic County: Navigating Financial Shifts Amidst Consistent Mission
EIN: 222516129 · Paterson, NJ · NTEE: J220 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $8.0M |
| Total Expenses | $8.8M |
| Program Spending | 80% |
| Net Assets | $10.9M |
| Transparency Score | 75/100 |
Is Private Industry Council Of Passaic County Incorporated Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Private Industry Council Of Passaic County Incorporated directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Private Industry Council Of Passaic County Incorporated
Private Industry Council Of Passaic County Incorporated (EIN: 222516129) is a nonprofit organization based in Paterson, NJ, classified under NTEE code J220. The organization reported total revenue of $8.0M and total assets of $8.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Private Industry Council Of Passaic County Incorporated's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Private Industry Council Of Passaic County Incorporated is a mid-size nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -5.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $6.7M |
| Total Expenses | $8.8M |
| Surplus / Deficit | $-2,113,167 |
| Total Assets | $13.6M |
| Total Liabilities | $2.7M |
| Net Assets | $10.9M |
| Operating Margin | -31.4% |
| Debt-to-Asset Ratio | 19.9% |
| Months of Reserves | 18.5 months |
Financial Health Grade: B
In 2023, Private Industry Council Of Passaic County Incorporated reported a deficit of $2.1M with expenses exceeding revenue, holds 18.5 months of operating reserves (strong position), has a debt-to-asset ratio of 19.9% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Private Industry Council Of Passaic County Incorporated's revenue has declined at a compound annual growth rate (CAGR) of -5.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -22.4% | +24.2% | +54.4% |
| 2022 | -7.1% | -17.4% | +15.6% |
| 2021 | -18.1% | -24.3% | +7.8% |
| 2020 | +3.4% | +1.3% | +706591800.0% |
| 2019 | +4.7% | +6.0% | -100.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2100 |
| IRS Ruling Date | 1986 |
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 Private Industry Council Of Passaic County Incorporated 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Private Industry Council Of Passaic County Incorporated allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $2.1M, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.9%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries.
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 Private Industry Council Of Passaic County Incorporated's IRS 990 filings:
- Significant drop in reported assets from $13,592,838 in 2023 to $8,802,108 in 2022, and then to $7,616,820 in 2021, warrants further investigation into asset management and valuation.
- Revenue has shown a declining trend from $11,387,371 in 2020 to $6,722,597 in 2023, which could impact future program delivery.
Strengths
The following positive indicators were identified for Private Industry Council Of Passaic County Incorporated:
- Consistent reporting of financial data over multiple years demonstrates a commitment to transparency.
- The organization consistently reports 0% compensation from professional fundraising, suggesting efficient internal fundraising practices.
- Despite revenue fluctuations, the organization has maintained substantial assets, indicating financial resilience.
Frequently Asked Questions about Private Industry Council Of Passaic County Incorporated
Is Private Industry Council Of Passaic County Incorporated a legitimate charity?
Based on AI analysis of IRS 990 filings, Private Industry Council Of Passaic County Incorporated (EIN: 222516129) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Private Industry Council Of Passaic County Incorporated spend its money?
Private Industry Council Of Passaic County Incorporated directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Private Industry Council Of Passaic County Incorporated tax-deductible?
Private Industry Council Of Passaic County Incorporated is registered as a tax-exempt nonprofit (EIN: 222516129). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Private Industry Council Of Passaic County Incorporated's spending goes to programs?
Private Industry Council Of Passaic County Incorporated directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Private Industry Council Of Passaic County Incorporated compare to similar nonprofits?
With a transparency score of 75/100 (Good), Private Industry Council Of Passaic County Incorporated is above average for NTEE category J220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Private Industry Council Of Passaic County Incorporated located?
Private Industry Council Of Passaic County Incorporated is headquartered in Paterson, New Jersey and files with the IRS under EIN 222516129. It is classified under NTEE code J220.
How many years of IRS 990 filings does Private Industry Council Of Passaic County Incorporated have?
Private Industry Council Of Passaic County Incorporated 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 $8.0M in total revenue.
What does Private Industry Council Of Passaic County Incorporated do?
Private Industry Council Of Passaic County Incorporated is a nonprofit organization in the Employment sector, located in Paterson, New Jersey. It is classified under NTEE code J220.
How much revenue does Private Industry Council Of Passaic County Incorporated have?
Private Industry Council Of Passaic County Incorporated reported total revenue of $8,047,434. Based on 12 IRS 990 filings on record.
What are Private Industry Council Of Passaic County Incorporated's total assets?
Private Industry Council Of Passaic County Incorporated holds total assets of $8,355,408 as reported in IRS 990 filings.
Where is Private Industry Council Of Passaic County Incorporated located?
Private Industry Council Of Passaic County Incorporated is based in Paterson, New Jersey.
What is Private Industry Council Of Passaic County Incorporated's EIN?
Private Industry Council Of Passaic County Incorporated's Employer Identification Number (EIN) is 222516129. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Private Industry Council Of Passaic County Incorporated?
Private Industry Council Of Passaic County Incorporated is classified under NTEE code J220 (Employment).
Is Private Industry Council Of Passaic County Incorporated a registered 501(c)(3)?
Yes, Private Industry Council Of Passaic County Incorporated is recognized as a tax-exempt organization by the IRS. EIN: 222516129.
Does Private Industry Council Of Passaic County Incorporated file IRS Form 990?
Yes, Private Industry Council Of Passaic County Incorporated has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Private Industry Council Of Passaic County Incorporated's revenue in 2023?
In the 202306 filing period, Private Industry Council Of Passaic County Incorporated reported total revenue of $6,722,597, total expenses of $8,835,764, and net assets of $13,592,838.
Is Private Industry Council Of Passaic County Incorporated's revenue growing or declining?
Private Industry Council Of Passaic County Incorporated's revenue is declining. Revenue went from $8,665,964 (202206) to $6,722,597 (202306), a -22.4% change. Based on 12 filings on record.
What is Private Industry Council Of Passaic County Incorporated's most recent 990 filing?
The most recent IRS Form 990 filing for Private Industry Council Of Passaic County Incorporated covers tax period 202306. It shows revenue of $6,722,597, expenses of $8,835,764, total assets of $13,592,838, and liabilities of $2,708,971.
How much does Private Industry Council Of Passaic County Incorporated spend on programs vs administration?
Based on IRS 990 analysis, Private Industry Council Of Passaic County Incorporated allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Private Industry Council Of Passaic County Incorporated a trustworthy charity?
Based on AI analysis of IRS 990 data, Private Industry Council Of Passaic County Incorporated appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Private Industry Council Of Passaic County Incorporated?
The following concerns were identified: Significant drop in reported assets from $13,592,838 in 2023 to $8,802,108 in 2022, and then to $7,616,820 in 2021, warrants further investigation into asset management and valuation.. Revenue has shown a declining trend from $11,387,371 in 2020 to $6,722,597 in 2023, which could impact future program delivery.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Private Industry Council Of Passaic County Incorporated's strengths?
Positive indicators for Private Industry Council Of Passaic County Incorporated include: Consistent reporting of financial data over multiple years demonstrates a commitment to transparency.. The organization consistently reports 0% compensation from professional fundraising, suggesting efficient internal fundraising practices.. Despite revenue fluctuations, the organization has maintained substantial assets, indicating financial resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does Private Industry Council Of Passaic County Incorporated compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant decrease in reported assets from $13,592,838 in 2023 to $7,616,820 in 2021?
The provided data shows a fluctuation in assets, with a peak in 2023 and a lower point in 2021. Without further details from the financial statements, it's unclear if this is due to asset depreciation, divestment, or reclassification.
How has the organization adapted its programs or operations in response to the declining revenue trend observed since 2020?
The revenue has decreased from $11,387,371 in 2020 to $6,722,597 in 2023. The data does not provide specific details on operational adjustments, but this trend suggests a need for strategic planning to maintain program impact.
Filing History
IRS 990 filing history for Private Industry Council Of Passaic County Incorporated showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Private Industry Council Of Passaic County Incorporated's revenue has declined by 48.4%, moving from $13.0M to $6.7M. Total assets increased by 101.4% over the same period, from $6.8M to $13.6M. Total functional expenses fell by 30.7%, from $12.8M to $8.8M. In its most recent filing year (2023), Private Industry Council Of Passaic County Incorporated reported a deficit of $2.1M, with expenses exceeding revenue. The organization holds $2.7M in liabilities against $13.6M in assets (debt-to-asset ratio: 19.9%), resulting in net assets of $10.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $6.7M | $8.8M | $13.6M | $2.7M | — | View 990 |
| 2022 | $8.7M | $7.1M | $8.8M | $990K | — | View 990 |
| 2021 | $9.3M | $8.6M | $7.6M | $1.6M | — | View 990 |
| 2020 | $11.4M | $11.4M | $7.1M | $2.0M | — | View 990 |
| 2019 | $11.0M | $11.2M | $1 | $0 | — | View 990 |
| 2018 | $10.5M | $10.6M | $7.3M | $2.7M | — | View 990 |
| 2017 | $11.1M | $10.7M | $7.3M | $2.6M | — | View 990 |
| 2015 | $11.0M | $10.6M | $9.2M | $5.0M | — | View 990 |
| 2014 | $10.5M | $10.5M | $8.2M | $4.4M | — | View 990 |
| 2013 | $9.6M | $11.4M | $6.8M | $2.5M | — | View 990 |
| 2012 | $13.4M | $11.8M | $7.9M | $1.8M | — | View 990 |
| 2011 | $13.0M | $12.8M | $6.8M | $1.4M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $6.7M, expenses of $8.8M, and assets of $13.6M (revenue -22.4% year-over-year).
- 2022: Revenue of $8.7M, expenses of $7.1M, and assets of $8.8M (revenue -7.1% year-over-year).
- 2021: Revenue of $9.3M, expenses of $8.6M, and assets of $7.6M (revenue -18.1% year-over-year).
- 2020: Revenue of $11.4M, expenses of $11.4M, and assets of $7.1M (revenue +3.4% year-over-year).
- 2019: Revenue of $11.0M, expenses of $11.2M, and assets of $1 (revenue +4.7% year-over-year).
- 2018: Revenue of $10.5M, expenses of $10.6M, and assets of $7.3M (revenue -5.2% year-over-year).
- 2017: Revenue of $11.1M, expenses of $10.7M, and assets of $7.3M (revenue +1.3% year-over-year).
- 2015: Revenue of $11.0M, expenses of $10.6M, and assets of $9.2M (revenue +4.5% year-over-year).
- 2014: Revenue of $10.5M, expenses of $10.5M, and assets of $8.2M (revenue +8.7% year-over-year).
- 2013: Revenue of $9.6M, expenses of $11.4M, and assets of $6.8M (revenue -28.1% year-over-year).
- 2012: Revenue of $13.4M, expenses of $11.8M, and assets of $7.9M (revenue +2.9% year-over-year).
- 2011: Revenue of $13.0M, expenses of $12.8M, and assets of $6.8M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Private Industry Council Of Passaic County Incorporated:
Data Sources and Methodology
This transparency report for Private Industry Council Of Passaic County Incorporated 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.