Project Self Sufficiency Of Sussex County Inc
Project Self Sufficiency of Sussex County: Strong Asset Growth, Fluctuating Revenue
EIN: 222727412 · Newton, NJ · NTEE: P420 · Updated: 2026-04-04
About Project Self Sufficiency Of Sussex County Inc
Project Self Sufficiency Of Sussex County Inc (EIN: 222727412) is a nonprofit organization based in Newton, NJ, classified under NTEE code P420. The organization reported total revenue of $9.0M and total assets of $22.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Project Self Sufficiency Of Sussex County Inc'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 Project Self Sufficiency Of Sussex County Inc with a Mission Score of 85 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Project Self Sufficiency Of Sussex County Inc 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.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the consistent 'c0%' in filings suggests no reported compensation from related parties.
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 Project Self Sufficiency Of Sussex County Inc's IRS 990 filings:
- Significant revenue volatility, with a nearly 50% drop from $15,101,231 in 2022 to $8,091,328 in 2023, warrants further investigation into funding sources and sustainability.
Strengths
The following positive indicators were identified for Project Self Sufficiency Of Sussex County Inc:
- Consistent asset growth over the past five years, indicating strong financial management and capacity building.
- Low liability-to-asset ratio, with liabilities of $1,476,854 against assets of $21,288,211 in 2023, suggesting good financial stability.
- Consistent reporting of 0% compensation from related parties, enhancing trust and demonstrating good governance.
Frequently Asked Questions about Project Self Sufficiency Of Sussex County Inc
What does Project Self Sufficiency Of Sussex County Inc do?
Project Self Sufficiency Of Sussex County Inc is a nonprofit organization in the Human Services sector, located in Newton, New Jersey. It is classified under NTEE code P420.
How much revenue does Project Self Sufficiency Of Sussex County Inc have?
Project Self Sufficiency Of Sussex County Inc reported total revenue of $9,005,256. Based on 13 IRS 990 filings on record.
What are Project Self Sufficiency Of Sussex County Inc's total assets?
Project Self Sufficiency Of Sussex County Inc holds total assets of $22,063,446 as reported in IRS 990 filings.
Where is Project Self Sufficiency Of Sussex County Inc located?
Project Self Sufficiency Of Sussex County Inc is based in Newton, New Jersey.
What is Project Self Sufficiency Of Sussex County Inc's EIN?
Project Self Sufficiency Of Sussex County Inc's Employer Identification Number (EIN) is 222727412. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Project Self Sufficiency Of Sussex County Inc?
Project Self Sufficiency Of Sussex County Inc is classified under NTEE code P420 (Human Services).
Is Project Self Sufficiency Of Sussex County Inc a registered 501(c)(3)?
Yes, Project Self Sufficiency Of Sussex County Inc is recognized as a tax-exempt organization by the IRS. EIN: 222727412.
Does Project Self Sufficiency Of Sussex County Inc file IRS Form 990?
Yes, Project Self Sufficiency Of Sussex County Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Project Self Sufficiency Of Sussex County Inc's revenue in 2023?
In the 202306 filing period, Project Self Sufficiency Of Sussex County Inc reported total revenue of $8,091,328, total expenses of $6,925,013, and net assets of $21,288,211.
Is Project Self Sufficiency Of Sussex County Inc's revenue growing or declining?
Project Self Sufficiency Of Sussex County Inc's revenue is declining. Revenue went from $15,101,231 (202206) to $8,091,328 (202306), a -46.4% change. Based on 13 filings on record.
What is Project Self Sufficiency Of Sussex County Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Project Self Sufficiency Of Sussex County Inc covers tax period 202306. It shows revenue of $8,091,328, expenses of $6,925,013, total assets of $21,288,211, and liabilities of $1,476,854.
How much does Project Self Sufficiency Of Sussex County Inc spend on programs vs administration?
Based on IRS 990 analysis, Project Self Sufficiency Of Sussex County Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Project Self Sufficiency Of Sussex County Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Project Self Sufficiency Of Sussex County Inc appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Project Self Sufficiency Of Sussex County Inc?
The following concerns were identified: Significant revenue volatility, with a nearly 50% drop from $15,101,231 in 2022 to $8,091,328 in 2023, warrants further investigation into funding sources and sustainability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Project Self Sufficiency Of Sussex County Inc's strengths?
Positive indicators for Project Self Sufficiency Of Sussex County Inc include: Consistent asset growth over the past five years, indicating strong financial management and capacity building.. Low liability-to-asset ratio, with liabilities of $1,476,854 against assets of $21,288,211 in 2023, suggesting good financial stability.. Consistent reporting of 0% compensation from related parties, enhancing trust and demonstrating good governance.. These findings are derived from AI analysis of the organization's financial filings.
How does Project Self Sufficiency Of Sussex County Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the consistent 'c0%' in filings suggests no reported compensation from related parties. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial revenue increase in 2022 and the subsequent decrease in 2023?
The data shows a significant jump in revenue from $6,829,657 in 2021 to $15,101,231 in 2022, followed by a drop to $8,091,328 in 2023. Understanding the specific grants, campaigns, or economic conditions driving these fluctuations is crucial for assessing future financial predictability.
Filing History
IRS 990 filing history for Project Self Sufficiency Of Sussex County Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Project Self Sufficiency Of Sussex County Inc's revenue has grown by 204.8%, moving from $2.7M to $8.1M. Total assets increased by 112.7% over the same period, from $10.0M to $21.3M. Total functional expenses rose by 163%, from $2.6M to $6.9M. In its most recent filing year (2023), Project Self Sufficiency Of Sussex County Inc reported a surplus of $1.2M, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $21.3M in assets (debt-to-asset ratio: 6.9%), resulting in net assets of $19.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $8.1M | $6.9M | $21.3M | $1.5M | — | View 990 |
| 2022 | $15.1M | $6.2M | $19.2M | $1.1M | — | View 990 |
| 2021 | $6.8M | $5.7M | $10.7M | $1.0M | — | View 990 |
| 2020 | $5.6M | $5.2M | $10.0M | $1.5M | — | View 990 |
| 2019 | $5.9M | $5.0M | $8.8M | $694K | — | View 990 |
| 2018 | $4.4M | $4.6M | $7.8M | $491K | — | View 990 |
| 2017 | $4.2M | $4.2M | $8.0M | $465K | — | View 990 |
| 2016 | $3.7M | $3.9M | $7.9M | $358K | — | View 990 |
| 2015 | $3.2M | $3.8M | $8.1M | $357K | — | View 990 |
| 2014 | $3.2M | $3.7M | $8.8M | $403K | — | View 990 |
| 2013 | $2.4M | $3.0M | $9.4M | $546K | — | View 990 |
| 2012 | $2.7M | $2.9M | $9.8M | $366K | — | View 990 |
| 2011 | $2.7M | $2.6M | $10.0M | $439K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.1M, expenses of $6.9M, and assets of $21.3M (revenue -46.4% year-over-year).
- 2022: Revenue of $15.1M, expenses of $6.2M, and assets of $19.2M (revenue +121.1% year-over-year).
- 2021: Revenue of $6.8M, expenses of $5.7M, and assets of $10.7M (revenue +21.4% year-over-year).
- 2020: Revenue of $5.6M, expenses of $5.2M, and assets of $10.0M (revenue -4.0% year-over-year).
- 2019: Revenue of $5.9M, expenses of $5.0M, and assets of $8.8M (revenue +31.9% year-over-year).
- 2018: Revenue of $4.4M, expenses of $4.6M, and assets of $7.8M (revenue +6.3% year-over-year).
- 2017: Revenue of $4.2M, expenses of $4.2M, and assets of $8.0M (revenue +12.7% year-over-year).
- 2016: Revenue of $3.7M, expenses of $3.9M, and assets of $7.9M (revenue +16.3% year-over-year).
- 2015: Revenue of $3.2M, expenses of $3.8M, and assets of $8.1M (revenue +1.2% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.7M, and assets of $8.8M (revenue +29.8% year-over-year).
- 2013: Revenue of $2.4M, expenses of $3.0M, and assets of $9.4M (revenue -11.1% year-over-year).
- 2012: Revenue of $2.7M, expenses of $2.9M, and assets of $9.8M (revenue +2.8% year-over-year).
- 2011: Revenue of $2.7M, expenses of $2.6M, and assets of $10.0M.
Data Sources and Methodology
This transparency report for Project Self Sufficiency Of Sussex County 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.