Ramapo Trust
Ramapo Trust reports significant deficit in 2023 with expenses nearly five times revenue, despite substantial assets.
EIN: 136594279 · Teaneck, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $21.8M |
| Total Expenses | $7.2M |
| Program Spending | 75% |
| Net Assets | $53.9M |
| Transparency Score | 65/100 |
Is Ramapo Trust Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Ramapo Trust directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Ramapo Trust
Ramapo Trust (EIN: 136594279) is a nonprofit organization based in Teaneck, NJ. The organization reported total revenue of $21.8M and total assets of $63.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Ramapo Trust's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Ramapo Trust is a large nonprofit that has been operating for 53 years, with 10 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -6.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.4M |
| Total Expenses | $7.2M |
| Surplus / Deficit | $-5,751,878 |
| Total Assets | $64.0M |
| Total Liabilities | $10.1M |
| Net Assets | $53.9M |
| Operating Margin | -397.1% |
| Debt-to-Asset Ratio | 15.8% |
| Months of Reserves | 106.7 months |
Financial Health Grade: B
In 2023, Ramapo Trust reported a deficit of $5.8M with expenses exceeding revenue, holds 106.7 months of operating reserves (strong position), has a debt-to-asset ratio of 15.8% (very low leverage).
Financial Trends
Over 10 years of filings (2011–2023), Ramapo Trust's revenue has declined at a compound annual growth rate (CAGR) of -6.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -74.1% | +66.0% | -5.6% |
| 2022 | +1.3% | +0.9% | +1.2% |
| 2021 | +26.9% | +73.0% | +2.7% |
| 2020 | +64.0% | +18.3% | -0.2% |
| 2019 | -33.5% | +14.7% | -1.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
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 Ramapo Trust 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: 75%
- fundraising: 10%
According to IRS 990 filings, Ramapo Trust allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $5.8M, with expenses exceeding revenue.
- Debt-to-asset ratio: 15.8%.
Executive Compensation Analysis
Ramapo Trust consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is categorized differently and not reported under 'Officer Comp'. This indicates a very low, or non-existent, direct executive overhead.
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 Ramapo Trust's IRS 990 filings:
- Significant deficit in 2023, with expenses ($7,200,264) nearly five times revenue ($1,448,386).
- Increase in liabilities to over $10 million in 2023, the highest in the past decade.
- Lack of NTEE code makes it difficult to benchmark against similar organizations or understand specific programmatic focus.
Strengths
The following positive indicators were identified for Ramapo Trust:
- Substantial and stable asset base, consistently above $62 million over the past decade, indicating long-term financial stability.
- Consistent filing of IRS 990s for over a decade, demonstrating regulatory compliance and transparency.
- No reported officer compensation across all filings, suggesting very low executive overhead.
Frequently Asked Questions about Ramapo Trust
Is Ramapo Trust a legitimate charity?
Ramapo Trust (EIN: 136594279) 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: $21.8M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Ramapo Trust spend its money?
Ramapo Trust directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Ramapo Trust tax-deductible?
Ramapo Trust is registered as a tax-exempt nonprofit (EIN: 136594279). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Ramapo Trust's spending goes to programs?
Ramapo Trust directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Ramapo Trust located?
Ramapo Trust is headquartered in Teaneck, New Jersey and files with the IRS under EIN 136594279.
How many years of IRS 990 filings does Ramapo Trust have?
Ramapo Trust 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 $21.8M in total revenue.
Why did expenses dramatically exceed revenue in the 2023 fiscal period?
In the 2023 fiscal period, Ramapo Trust reported expenses of $7,200,264 against revenues of $1,448,386, resulting in a significant deficit. This is a notable departure from previous years where revenues generally exceeded expenses.
What is the nature of the organization's liabilities, which reached over $10 million in 2023?
The organization's liabilities increased to $10,089,167 in 2023, up from $8,126,929 in 2022. Understanding the composition of these liabilities (e.g., grants payable, debt) is crucial for a complete financial picture.
How does Ramapo Trust manage to report 0% officer compensation consistently?
Across all ten available filings, Ramapo Trust reports 0% officer compensation. This could indicate a volunteer executive leadership, or that compensation for key personnel is reported under other expense categories, or through a related entity.
What is the NTEE code and primary program focus of Ramapo Trust?
The NTEE code for Ramapo Trust is listed as 'Unknown' in the provided data. Knowing the NTEE code and primary program focus would allow for a more accurate assessment of its mission alignment and impact.
Filing History
IRS 990 filing history for Ramapo Trust showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Ramapo Trust's revenue has declined by 54.1%, moving from $3.2M to $1.4M. Total assets increased by 2.7% over the same period, from $62.3M to $64.0M. Total functional expenses rose by 108.8%, from $3.4M to $7.2M. In its most recent filing year (2023), Ramapo Trust reported a deficit of $5.8M, with expenses exceeding revenue. The organization holds $10.1M in liabilities against $64.0M in assets (debt-to-asset ratio: 15.8%), resulting in net assets of $53.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $7.2M | $64.0M | $10.1M | — | View 990 |
| 2022 | $5.6M | $4.3M | $67.8M | $8.1M | — | View 990 |
| 2021 | $5.5M | $4.3M | $67.0M | $8.6M | — | View 990 |
| 2020 | $4.3M | $2.5M | $65.3M | $8.1M | — | View 990 |
| 2019 | $2.6M | $2.1M | $65.4M | $9.5M | — | View 990 |
| 2015 | $4.0M | $1.8M | $66.6M | $4.1M | — | View 990 |
| 2014 | $4.1M | $1.6M | $65.0M | $4.7M | — | View 990 |
| 2013 | $5.4M | $2.0M | $64.7M | $6.8M | — | View 990 |
| 2012 | $2.6M | $2.3M | $62.3M | $7.8M | — | View 990 |
| 2011 | $3.2M | $3.4M | $62.3M | $8.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.4M, expenses of $7.2M, and assets of $64.0M (revenue -74.1% year-over-year).
- 2022: Revenue of $5.6M, expenses of $4.3M, and assets of $67.8M (revenue +1.3% year-over-year).
- 2021: Revenue of $5.5M, expenses of $4.3M, and assets of $67.0M (revenue +26.9% year-over-year).
- 2020: Revenue of $4.3M, expenses of $2.5M, and assets of $65.3M (revenue +64.0% year-over-year).
- 2019: Revenue of $2.6M, expenses of $2.1M, and assets of $65.4M (revenue -33.5% year-over-year).
- 2015: Revenue of $4.0M, expenses of $1.8M, and assets of $66.6M (revenue -1.7% year-over-year).
- 2014: Revenue of $4.1M, expenses of $1.6M, and assets of $65.0M (revenue -24.8% year-over-year).
- 2013: Revenue of $5.4M, expenses of $2.0M, and assets of $64.7M (revenue +104.2% year-over-year).
- 2012: Revenue of $2.6M, expenses of $2.3M, and assets of $62.3M (revenue -16.4% year-over-year).
- 2011: Revenue of $3.2M, expenses of $3.4M, and assets of $62.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Ramapo Trust:
Data Sources and Methodology
This transparency report for Ramapo Trust 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.