Runnemede Industries Inc
Runnemede Industries Inc shows strong revenue growth and zero executive compensation, operating near break-even.
EIN: 200090179 · Cherry Hill, NJ · NTEE: G11 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.5M |
| Total Expenses | $2.5M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2.5 |
| Net Assets | $105K |
| Transparency Score | 92/100 |
Is Runnemede Industries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Runnemede Industries Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Runnemede Industries Inc
Runnemede Industries Inc (EIN: 200090179) is a nonprofit organization based in Cherry Hill, NJ, classified under NTEE code G11. The organization reported total revenue of $2.5M and total assets of $170K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Runnemede Industries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Runnemede Industries Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.6M |
| Total Expenses | $2.5M |
| Surplus / Deficit | +$48K |
| Total Assets | $143K |
| Total Liabilities | $38K |
| Net Assets | $105K |
| Operating Margin | 1.9% |
| Debt-to-Asset Ratio | 26.4% |
| Months of Reserves | 0.7 months |
Financial Health Grade: A
In 2023, Runnemede Industries Inc reported a surplus of $48K with revenue exceeding expenses, holds 0.7 months of operating reserves (limited), has a debt-to-asset ratio of 26.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Runnemede Industries Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +79.2% | +67.8% | -20.4% |
| 2022 | +54.0% | +66.8% | +19.0% |
| 2021 | +61.9% | +52.3% | -5.4% |
| 2020 | -64.5% | -62.6% | +21.6% |
| 2019 | +18.6% | +18.0% | +57.7% |
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 Runnemede Industries Inc with a Mission Score of 92 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Runnemede Industries Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% 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 surplus of $48K, with revenue exceeding expenses.
- Debt-to-asset ratio: 26.4%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is highly unusual for an organization with over $2.5 million in annual revenue and suggests a volunteer-led or externally funded leadership structure.
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 Runnemede Industries Inc's IRS 990 filings:
- Relatively low asset base compared to annual revenue, potentially limiting long-term reserves or investment capacity (e.g., $142,520 assets vs. $2.5M revenue in 2023).
Strengths
The following positive indicators were identified for Runnemede Industries Inc:
- Consistent revenue growth, especially a significant increase from 2022 to 2023 ($1.4M to $2.5M).
- 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
- Expenses closely align with revenue, suggesting efficient use of funds for current operations.
- Healthy asset-to-liability ratio, demonstrating good financial solvency (e.g., $142,520 assets vs. $37,595 liabilities in 2023).
Frequently Asked Questions about Runnemede Industries Inc
Is Runnemede Industries Inc a legitimate charity?
Runnemede Industries Inc (EIN: 200090179) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.5M. 1 red flag identified. 4 strengths noted. Financial health grade: A.
How does Runnemede Industries Inc spend its money?
Runnemede Industries Inc directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Runnemede Industries Inc tax-deductible?
Runnemede Industries Inc is registered as a tax-exempt nonprofit (EIN: 200090179). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Runnemede Industries Inc CEO make?
Runnemede Industries Inc's highest-compensated officer earns $2.5 annually. The organization reported $2.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Runnemede Industries Inc's spending goes to programs?
Runnemede Industries Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Runnemede Industries Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Runnemede Industries Inc is above average for NTEE category G11 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Runnemede Industries Inc located?
Runnemede Industries Inc is headquartered in Cherry Hill, New Jersey and files with the IRS under EIN 200090179. It is classified under NTEE code G11.
How many years of IRS 990 filings does Runnemede Industries Inc have?
Runnemede Industries Inc has 13 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 $2.5M in total revenue.
Is Runnemede Industries Inc a good charity?
Based on the available financial data, Runnemede Industries Inc appears to be a very good charity. It demonstrates strong financial management, consistent revenue growth, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings. This indicates that funds are primarily directed towards its programs and operational costs rather than executive salaries.
How has Runnemede Industries Inc's revenue changed over time?
Runnemede Industries Inc has shown significant revenue growth, particularly in recent years. Revenue increased from $527,039 in 2014 to $2,557,060 in 2023, with a notable jump from $1,426,826 in 2022 to $2,557,060 in 2023, indicating substantial expansion or increased support.
What is Runnemede Industries Inc's approach to executive compensation?
Runnemede Industries Inc reports 0% officer compensation in all available IRS 990 filings. This suggests a highly volunteer-driven leadership or that executive salaries are covered by an external entity, which is a strong indicator of financial efficiency and dedication to the mission.
Is Runnemede Industries Inc financially stable?
Yes, Runnemede Industries Inc appears financially stable. It consistently operates with expenses closely matching revenue, maintaining a modest surplus in most years (e.g., $47,715 surplus in 2023). Its asset-to-liability ratio is generally healthy, indicating good solvency despite a relatively modest asset base compared to its revenue.
Filing History
IRS 990 filing history for Runnemede Industries Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Runnemede Industries Inc's revenue has grown by 178.7%, moving from $918K to $2.6M. Total assets increased by 7% over the same period, from $133K to $143K. Total functional expenses rose by 179.8%, from $897K to $2.5M. In its most recent filing year (2023), Runnemede Industries Inc reported a surplus of $48K, with revenue exceeding expenses. The organization holds $38K in liabilities against $143K in assets (debt-to-asset ratio: 26.4%), resulting in net assets of $105K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.6M | $2.5M | $143K | $38K | — | View 990 |
| 2022 | $1.4M | $1.5M | $179K | $122K | — | — |
| 2021 | $926K | $896K | $150K | $25K | — | View 990 |
| 2020 | $572K | $588K | $159K | $64K | — | View 990 |
| 2019 | $1.6M | $1.6M | $131K | $19K | — | View 990 |
| 2018 | $1.4M | $1.3M | $83K | $9K | — | View 990 |
| 2017 | $935K | $927K | $79K | $31K | — | View 990 |
| 2016 | $1.0M | $1.0M | $82K | $42K | — | View 990 |
| 2015 | $868K | $855K | $111K | $86K | — | View 990 |
| 2014 | $527K | $540K | $111K | $99K | — | View 990 |
| 2013 | $630K | $663K | $100K | $75K | — | View 990 |
| 2012 | $1.1M | $1.1M | $135K | $78K | — | View 990 |
| 2011 | $918K | $897K | $133K | $89K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.6M, expenses of $2.5M, and assets of $143K (revenue +79.2% year-over-year).
- 2022: Revenue of $1.4M, expenses of $1.5M, and assets of $179K (revenue +54.0% year-over-year).
- 2021: Revenue of $926K, expenses of $896K, and assets of $150K (revenue +61.9% year-over-year).
- 2020: Revenue of $572K, expenses of $588K, and assets of $159K (revenue -64.5% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.6M, and assets of $131K (revenue +18.6% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $83K (revenue +45.2% year-over-year).
- 2017: Revenue of $935K, expenses of $927K, and assets of $79K (revenue -9.6% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.0M, and assets of $82K (revenue +19.0% year-over-year).
- 2015: Revenue of $868K, expenses of $855K, and assets of $111K (revenue +64.7% year-over-year).
- 2014: Revenue of $527K, expenses of $540K, and assets of $111K (revenue -16.3% year-over-year).
- 2013: Revenue of $630K, expenses of $663K, and assets of $100K (revenue -41.7% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $135K (revenue +17.6% year-over-year).
- 2011: Revenue of $918K, expenses of $897K, and assets of $133K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Runnemede Industries Inc:
Data Sources and Methodology
This transparency report for Runnemede Industries 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.