Safe In Hunterdon Inc

Is Safe In Hunterdon Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Safe In Hunterdon Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Safe In Hunterdon Inc

Safe In Hunterdon Inc (EIN: 222267191) is a nonprofit organization based in Flemington, NJ, classified under NTEE code P430. The organization reported total revenue of $2.7M and total assets of $1.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Safe In Hunterdon 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 Safe In Hunterdon 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: 85%
• fundraising: 5%

According to IRS 990 filings, Safe In Hunterdon Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and suggests either pro-bono leadership or that compensation is reported under different categories.

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 Safe In Hunterdon Inc's IRS 990 filings:

• Consistent reporting of $0 for highest compensated employees raises questions about the true cost of leadership and potential for hidden compensation.
• The significant jump in revenue from $797,880 in 2021 to $1,641,728 in 2022 and then to $2,116,065 in 2023 warrants further investigation into its sources and sustainability.

Strengths

The following positive indicators were identified for Safe In Hunterdon Inc:

• Strong program spending, with 85% of expenses dedicated to programs in 2023, indicates a focus on its mission.
• Consistent revenue growth over the last three years (2021-2023) demonstrates increasing support and operational capacity.
• Healthy asset base of $1,651,567 in 2023 provides financial stability.
• Low fundraising expenses (5% in 2023) suggest efficient resource allocation for revenue generation.

Frequently Asked Questions about Safe In Hunterdon Inc

Filing History

IRS 990 filing history for Safe In Hunterdon Inc showing financial trends over 14 years of public records:

Over 14 years of IRS 990 filings (2010–2023), Safe In Hunterdon Inc's revenue has grown by 21.6%, moving from $1.7M to $2.1M. Total assets increased by 24.6% over the same period, from $1.3M to $1.7M. Total functional expenses fell by 5.7%, from $2.1M to $2.0M. In its most recent filing year (2023), Safe In Hunterdon Inc reported a surplus of $101K, with revenue exceeding expenses. The organization holds $875K in liabilities against $1.7M in assets (debt-to-asset ratio: 53.0%), resulting in net assets of $776K.

Year-by-Year Financial Summary

• 2023: Revenue of $2.1M, expenses of $2.0M, and assets of $1.7M (revenue +28.9% year-over-year).
• 2022: Revenue of $1.6M, expenses of $1.5M, and assets of $1.6M (revenue +105.8% year-over-year).
• 2021: Revenue of $798K, expenses of $733K, and assets of $1.1M (revenue +28.4% year-over-year).
• 2020: Revenue of $621K, expenses of $261K, and assets of $621K (revenue -63.6% year-over-year).
• 2019: Revenue of $1.7M, expenses of $1.9M, and assets of $607K (revenue -12.0% year-over-year).
• 2018: Revenue of $1.9M, expenses of $2.1M, and assets of $601K (revenue +7.0% year-over-year).
• 2017: Revenue of $1.8M, expenses of $1.9M, and assets of $777K (revenue -3.6% year-over-year).
• 2016: Revenue of $1.9M, expenses of $1.9M, and assets of $1.1M (revenue -0.1% year-over-year).
• 2015: Revenue of $1.9M, expenses of $2.1M, and assets of $1.1M (revenue +0.8% year-over-year).
• 2014: Revenue of $1.9M, expenses of $2.0M, and assets of $1.1M (revenue +3.1% year-over-year).
• 2013: Revenue of $1.8M, expenses of $1.6M, and assets of $1.1M (revenue +6.2% year-over-year).
• 2012: Revenue of $1.7M, expenses of $1.9M, and assets of $851K (revenue +0.4% year-over-year).
• 2011: Revenue of $1.7M, expenses of $1.9M, and assets of $1.0M (revenue -2.4% year-over-year).
• 2010: Revenue of $1.7M, expenses of $2.1M, and assets of $1.3M.

Data Sources and Methodology

This transparency report for Safe In Hunterdon 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.