Professional Assistance Program Of New Jersey Inc
Professional Assistance Program Of New Jersey Inc faces financial instability with liabilities exceeding assets in its latest filing and a history of operating deficits.
EIN: 202798387 · Princeton, NJ · NTEE: F03 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.2M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $1 |
| Net Assets | $852K |
| Transparency Score | 65/100 |
Is Professional Assistance Program Of New Jersey Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Professional Assistance Program Of New Jersey Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Professional Assistance Program Of New Jersey Inc
Professional Assistance Program Of New Jersey Inc (EIN: 202798387) is a nonprofit organization based in Princeton, NJ, classified under NTEE code F03. The organization reported total revenue of $1.0M and total assets of $744K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Professional Assistance Program Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Professional Assistance Program Of New Jersey Inc is a mid-size nonprofit that has been operating for 20 years, with 10 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -3.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.2M |
| Surplus / Deficit | $-170,925 |
| Total Assets | $853K |
| Total Liabilities | $1K |
| Net Assets | $852K |
| Operating Margin | -16.1% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 8.3 months |
Financial Health Grade: B
In 2024, Professional Assistance Program Of New Jersey Inc reported a deficit of $171K with expenses exceeding revenue, holds 8.3 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2024), Professional Assistance Program Of New Jersey Inc's revenue has declined at a compound annual growth rate (CAGR) of -3.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -20.0% | +0.9% | +78.1% |
| 2023 | +39.7% | -5.2% | +245.9% |
| 2022 | -38.0% | -6.3% | -77.2% |
| 2021 | +7.2% | +3.2% | +34.5% |
| 2020 | +28.4% | -0.5% | +56.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Professional Assistance Program Of New Jersey Inc 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Professional Assistance Program Of New Jersey Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $171K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization's officers do not receive salaries, which is highly unusual for an organization with over $1 million in revenue and suggests a strong commitment to directing funds elsewhere.
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 Professional Assistance Program Of New Jersey Inc's IRS 990 filings:
- Liabilities ($1,022,000) exceeded assets ($853,380) in the 202405 filing, indicating potential insolvency.
- Frequent operating deficits, with expenses exceeding revenue in multiple periods (e.g., 202405, 202205, 201905, 201805, 201205, 201105).
- Significant fluctuation in assets and a dramatic increase in liabilities in the most recent filing without clear explanation.
Strengths
The following positive indicators were identified for Professional Assistance Program Of New Jersey Inc:
- Consistent reporting of 0% officer compensation, suggesting a strong commitment to minimizing executive overhead.
- Demonstrated ability to generate over $1 million in revenue in most years, indicating a capacity for fundraising or service delivery.
Frequently Asked Questions about Professional Assistance Program Of New Jersey Inc
Is Professional Assistance Program Of New Jersey Inc a legitimate charity?
Professional Assistance Program Of New Jersey Inc (EIN: 202798387) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 10 years of IRS 990 filings on record. Total revenue: $1.0M. 3 red flags identified. 2 strengths noted. Financial health grade: B.
How does Professional Assistance Program Of New Jersey Inc spend its money?
Professional Assistance Program Of New Jersey Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Professional Assistance Program Of New Jersey Inc tax-deductible?
Professional Assistance Program Of New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 202798387). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Professional Assistance Program Of New Jersey Inc CEO make?
Professional Assistance Program Of New Jersey Inc's highest-compensated officer earns $1 annually. The organization reported $1.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Professional Assistance Program Of New Jersey Inc's spending goes to programs?
Professional Assistance Program Of New Jersey Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Professional Assistance Program Of New Jersey Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), Professional Assistance Program Of New Jersey Inc is above average for NTEE category F03 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Professional Assistance Program Of New Jersey Inc located?
Professional Assistance Program Of New Jersey Inc is headquartered in Princeton, New Jersey and files with the IRS under EIN 202798387. It is classified under NTEE code F03.
How many years of IRS 990 filings does Professional Assistance Program Of New Jersey Inc have?
Professional Assistance Program Of New Jersey Inc has 10 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 $1.0M in total revenue.
Is Professional Assistance Program Of New Jersey Inc financially stable?
The organization's financial stability is questionable, given that its liabilities ($1,022,000) exceeded its assets ($853,380) in the 202405 filing, and it has frequently reported operating deficits where expenses surpassed revenue.
What caused the significant increase in liabilities in 202405?
The filings do not provide specific details on the nature of the liabilities, but they jumped from $5,102 in 202305 to $1,022,000 in 202405, which is a critical area for further investigation to understand the organization's financial health.
How does the organization manage to operate with 0% officer compensation?
The consistent reporting of 0% officer compensation suggests that key leadership roles may be filled by volunteers, or compensation is structured in a way not reported as 'officer compensation' on the 990, which warrants further inquiry for clarity.
Filing History
IRS 990 filing history for Professional Assistance Program Of New Jersey Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2024), Professional Assistance Program Of New Jersey Inc's revenue has declined by 32.2%, moving from $1.6M to $1.1M. Total assets increased by 150.6% over the same period, from $341K to $853K. Total functional expenses fell by 26.5%, from $1.7M to $1.2M. In its most recent filing year (2024), Professional Assistance Program Of New Jersey Inc reported a deficit of $171K, with expenses exceeding revenue. The organization holds $1K in liabilities against $853K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $852K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $1.2M | $853K | $1K | — | View 990 |
| 2023 | $1.3M | $1.2M | $479K | $5K | — | — |
| 2022 | $947K | $1.3M | $139K | $92K | — | View 990 |
| 2021 | $1.5M | $1.4M | $608K | $223K | — | View 990 |
| 2020 | $1.4M | $1.3M | $452K | $223K | — | View 990 |
| 2019 | $1.1M | $1.3M | $289K | $108K | — | View 990 |
| 2018 | $1.3M | $1.5M | $456K | $134K | — | View 990 |
| 2013 | $1.6M | $1.5M | $367K | $276K | — | View 990 |
| 2012 | $1.6M | $1.6M | $322K | $299K | — | View 990 |
| 2011 | $1.6M | $1.7M | $341K | $270K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $1.2M, and assets of $853K (revenue -20.0% year-over-year).
- 2023: Revenue of $1.3M, expenses of $1.2M, and assets of $479K (revenue +39.7% year-over-year).
- 2022: Revenue of $947K, expenses of $1.3M, and assets of $139K (revenue -38.0% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.4M, and assets of $608K (revenue +7.2% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.3M, and assets of $452K (revenue +28.4% year-over-year).
- 2019: Revenue of $1.1M, expenses of $1.3M, and assets of $289K (revenue -12.3% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.5M, and assets of $456K (revenue -21.7% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.5M, and assets of $367K (revenue +1.4% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $322K (revenue +2.1% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.7M, and assets of $341K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Professional Assistance Program Of New Jersey Inc:
Data Sources and Methodology
This transparency report for Professional Assistance Program Of New Jersey 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.