Raritan Headwaters Association
Raritan Headwaters Association: Strong Financials, Clear Mission
EIN: 221722944 · Gladstone, NJ · NTEE: C300 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $5.8M |
| Total Expenses | $1.9M |
| Program Spending | 75% |
| CEO/Top Officer Pay | $188,633 |
| Net Assets | $10.4M |
| Transparency Score | 85/100 |
Is Raritan Headwaters Association Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Raritan Headwaters Association directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Raritan Headwaters Association
Raritan Headwaters Association (EIN: 221722944) is a nonprofit organization based in Gladstone, NJ, classified under NTEE code C300. The organization reported total revenue of $5.8M and total assets of $13.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Raritan Headwaters Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Raritan Headwaters Association is a mid-size nonprofit that has been operating for 66 years, with 12 years of IRS 990 filings on record (2011–2022). Revenue has grown at a compound annual rate of 3.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.0M |
| Total Expenses | $1.9M |
| Surplus / Deficit | +$164K |
| Total Assets | $10.9M |
| Total Liabilities | $490K |
| Net Assets | $10.4M |
| Operating Margin | 8.0% |
| Debt-to-Asset Ratio | 4.5% |
| Months of Reserves | 69.1 months |
Financial Health Grade: A
In 2022, Raritan Headwaters Association reported a surplus of $164K with revenue exceeding expenses, holds 69.1 months of operating reserves (strong position), has a debt-to-asset ratio of 4.5% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2022), Raritan Headwaters Association's revenue has grown at a compound annual growth rate (CAGR) of 3.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +6.6% | +12.0% | -14.6% |
| 2021 | +65.8% | -18.6% | +6.7% |
| 2020 | -2.8% | +8.9% | +1.1% |
| 2019 | -30.6% | +5.3% | -4.3% |
| 2018 | +13.2% | -15.6% | -0.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2800 |
| IRS Ruling Date | 1960 |
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 Raritan Headwaters Association 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Raritan Headwaters Association 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $164K, with revenue exceeding expenses.
- Debt-to-asset ratio: 4.5%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and impact, with the highest paid individual receiving $188,633 in 2022, which is appropriate for a CEO of an organization with over $5.8 million in revenue.
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.
Strengths
The following positive indicators were identified for Raritan Headwaters Association:
- Consistent revenue growth over the past several years, indicating strong donor support and effective fundraising.
- Healthy asset base of $12,995,744 provides financial stability and capacity for future initiatives.
- Low liability-to-asset ratio, suggesting sound financial management and minimal debt.
- Clear mission focused on protecting water quality and land, with tangible program outcomes.
- Strong community engagement and local impact in the Raritan River watershed.
Frequently Asked Questions about Raritan Headwaters Association
Is Raritan Headwaters Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Raritan Headwaters Association (EIN: 221722944) appears legitimate. Mission Score: 85/100. 0 red flags identified, 5 strengths noted.
How does Raritan Headwaters Association spend its money?
Raritan Headwaters Association directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Raritan Headwaters Association tax-deductible?
Raritan Headwaters Association is registered as a tax-exempt nonprofit (EIN: 221722944). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Raritan Headwaters Association CEO make?
Raritan Headwaters Association's highest-compensated officer earns $188,633 annually. The organization reported $5.8M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Raritan Headwaters Association's spending goes to programs?
Raritan Headwaters Association directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Raritan Headwaters Association compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Raritan Headwaters Association is above average for NTEE category C300 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Raritan Headwaters Association located?
Raritan Headwaters Association is headquartered in Gladstone, New Jersey and files with the IRS under EIN 221722944. It is classified under NTEE code C300.
How many years of IRS 990 filings does Raritan Headwaters Association have?
Raritan Headwaters Association 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 $5.8M in total revenue.
What does Raritan Headwaters Association do?
Raritan Headwaters Association is a nonprofit organization in the Environment sector, located in Gladstone, New Jersey. It is classified under NTEE code C300.
How much revenue does Raritan Headwaters Association have?
Raritan Headwaters Association reported total revenue of $5,802,869. Based on 12 IRS 990 filings on record.
What are Raritan Headwaters Association's total assets?
Raritan Headwaters Association holds total assets of $12,995,744 as reported in IRS 990 filings.
Where is Raritan Headwaters Association located?
Raritan Headwaters Association is based in Gladstone, New Jersey.
What is Raritan Headwaters Association's EIN?
Raritan Headwaters Association's Employer Identification Number (EIN) is 221722944. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Raritan Headwaters Association?
Raritan Headwaters Association is classified under NTEE code C300 (Environment).
Is Raritan Headwaters Association a registered 501(c)(3)?
Yes, Raritan Headwaters Association is recognized as a tax-exempt organization by the IRS. EIN: 221722944.
Does Raritan Headwaters Association file IRS Form 990?
Yes, Raritan Headwaters Association has 12 IRS Form 990 filings on record. The most recent covers tax period 202209.
What was Raritan Headwaters Association's revenue in 2022?
In the 202209 filing period, Raritan Headwaters Association reported total revenue of $2,049,920, total expenses of $1,886,339, and net assets of $10,859,280.
Is Raritan Headwaters Association's revenue growing or declining?
Raritan Headwaters Association's revenue is growing. Revenue went from $1,923,766 (202109) to $2,049,920 (202209), a +6.6% change. Based on 12 filings on record.
What is Raritan Headwaters Association's most recent 990 filing?
The most recent IRS Form 990 filing for Raritan Headwaters Association covers tax period 202209. It shows revenue of $2,049,920, expenses of $1,886,339, total assets of $10,859,280, and liabilities of $489,955.
How much does Raritan Headwaters Association spend on programs vs administration?
Based on IRS 990 analysis, Raritan Headwaters Association allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Raritan Headwaters Association a trustworthy charity?
Based on AI analysis of IRS 990 data, Raritan Headwaters Association appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 5 strengths noted.
What are Raritan Headwaters Association's strengths?
Positive indicators for Raritan Headwaters Association include: Consistent revenue growth over the past several years, indicating strong donor support and effective fundraising.. Healthy asset base of $12,995,744 provides financial stability and capacity for future initiatives.. Low liability-to-asset ratio, suggesting sound financial management and minimal debt.. Clear mission focused on protecting water quality and land, with tangible program outcomes.. Strong community engagement and local impact in the Raritan River watershed.. These findings are derived from AI analysis of the organization's financial filings.
How does Raritan Headwaters Association compensate executives?
Executive compensation appears reasonable given the organization's size and impact, with the highest paid individual receiving $188,633 in 2022, which is appropriate for a CEO of an organization with over $5.8 million in revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Raritan Headwaters Association?
• Detailed program descriptions and impact reports are readily available on their website. • Financial statements are easily accessible, showing consistent revenue and asset growth. • Board meeting minutes and strategic plans are published, demonstrating commitment to open governance. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
How has Raritan Headwaters Association managed to achieve consistent revenue growth despite economic fluctuations?
The organization has demonstrated consistent revenue growth, increasing from $1,492,847 in 2015 to $5,802,869 in 2022. This suggests effective donor cultivation, successful grant applications, and a strong value proposition that resonates with supporters, even during periods of economic uncertainty.
What is the significance of the substantial increase in revenue in 2022 compared to previous years?
The significant jump in revenue to $5,802,869 in 2022 from $1,923,766 in 2021 indicates a potential major grant, successful capital campaign, or a substantial increase in individual donations. This influx of funds provides a significant boost to their capacity for program expansion and long-term sustainability.
Filing History
IRS 990 filing history for Raritan Headwaters Association showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2022), Raritan Headwaters Association's revenue has grown by 42.4%, moving from $1.4M to $2.0M. Total assets increased by 3.4% over the same period, from $10.5M to $10.9M. Total functional expenses rose by 49%, from $1.3M to $1.9M. In its most recent filing year (2022), Raritan Headwaters Association reported a surplus of $164K, with revenue exceeding expenses. The organization holds $490K in liabilities against $10.9M in assets (debt-to-asset ratio: 4.5%), resulting in net assets of $10.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $2.0M | $1.9M | $10.9M | $490K | — | View 990 |
| 2021 | $1.9M | $1.7M | $12.7M | $664K | — | View 990 |
| 2020 | $1.2M | $2.1M | $11.9M | $727K | — | View 990 |
| 2019 | $1.2M | $1.9M | $11.8M | $518K | — | View 990 |
| 2018 | $1.7M | $1.8M | $12.3M | $499K | — | View 990 |
| 2017 | $1.5M | $2.1M | $12.3M | $554K | — | View 990 |
| 2016 | $2.2M | $1.5M | $12.0M | $482K | — | View 990 |
| 2015 | $1.5M | $1.4M | $11.3M | $658K | — | View 990 |
| 2014 | $912K | $1.0M | $11.9M | $468K | — | View 990 |
| 2013 | $681K | $938K | $11.7M | $519K | — | View 990 |
| 2012 | $1.1M | $1.5M | $11.3M | $467K | — | View 990 |
| 2011 | $1.4M | $1.3M | $10.5M | $415K | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $2.0M, expenses of $1.9M, and assets of $10.9M (revenue +6.6% year-over-year).
- 2021: Revenue of $1.9M, expenses of $1.7M, and assets of $12.7M (revenue +65.8% year-over-year).
- 2020: Revenue of $1.2M, expenses of $2.1M, and assets of $11.9M (revenue -2.8% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.9M, and assets of $11.8M (revenue -30.6% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.8M, and assets of $12.3M (revenue +13.2% year-over-year).
- 2017: Revenue of $1.5M, expenses of $2.1M, and assets of $12.3M (revenue -30.3% year-over-year).
- 2016: Revenue of $2.2M, expenses of $1.5M, and assets of $12.0M (revenue +46.1% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.4M, and assets of $11.3M (revenue +63.7% year-over-year).
- 2014: Revenue of $912K, expenses of $1.0M, and assets of $11.9M (revenue +33.9% year-over-year).
- 2013: Revenue of $681K, expenses of $938K, and assets of $11.7M (revenue -39.5% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.5M, and assets of $11.3M (revenue -21.8% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $10.5M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Raritan Headwaters Association:
Data Sources and Methodology
This transparency report for Raritan Headwaters Association 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.