Skating Club Of Morris New Jersey Inc
Skating Club of Morris: Consistent Revenue, High Program Spending
EIN: 222344646 · Morristown, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $166K |
| Total Expenses | $144K |
| Program Spending | 85% |
| Net Assets | $241K |
| Transparency Score | 75/100 |
Is Skating Club Of Morris New Jersey Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Skating Club Of Morris New Jersey Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Skating Club Of Morris New Jersey Inc
Skating Club Of Morris New Jersey Inc (EIN: 222344646) is a nonprofit organization based in Morristown, NJ. The organization reported total revenue of $166K and total assets of $248K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Skating Club Of Morris New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Skating Club Of Morris New Jersey Inc is a small nonprofit that has been operating for 45 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $146K |
| Total Expenses | $144K |
| Surplus / Deficit | +$2K |
| Total Assets | $241K |
| Net Assets | $241K |
| Operating Margin | 1.1% |
| Months of Reserves | 20.0 months |
Financial Health Grade: A
In 2023, Skating Club Of Morris New Jersey Inc reported a surplus of $2K with revenue exceeding expenses, holds 20.0 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Skating Club Of Morris New Jersey Inc's revenue has declined at a compound annual growth rate (CAGR) of -8.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.9% | +10.4% | +0.7% |
| 2022 | +45.6% | +81.0% | -2.0% |
| 2021 | -70.2% | -80.2% | +6.2% |
| 2020 | -22.3% | +11.5% | -24.5% |
| 2019 | +1.2% | -23.9% | +18.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1981 |
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 Skating Club Of Morris New Jersey Inc with a Mission Score of 75 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Skating Club Of Morris New Jersey 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.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is not reported on available filings, suggesting it is below the threshold for disclosure or not paid.
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 Skating Club Of Morris New Jersey Inc:
- Consistent revenue generation over several years, with recent growth from $86,433 in 2021 to $145,883 in 2023.
- Healthy asset base, with assets consistently above $200,000.
- Low or no reported lobbying expenses, indicating focus on mission.
- No reported liabilities, suggesting strong financial health.
Frequently Asked Questions about Skating Club Of Morris New Jersey Inc
Is Skating Club Of Morris New Jersey Inc a legitimate charity?
Skating Club Of Morris New Jersey Inc (EIN: 222344646) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $166K. No red flags identified. 4 strengths noted. Financial health grade: A.
How does Skating Club Of Morris New Jersey Inc spend its money?
Skating Club Of Morris New Jersey Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Skating Club Of Morris New Jersey Inc tax-deductible?
Skating Club Of Morris New Jersey Inc is registered as a tax-exempt nonprofit (EIN: 222344646). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Skating Club Of Morris New Jersey Inc's spending goes to programs?
Skating Club Of Morris New Jersey Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Skating Club Of Morris New Jersey Inc located?
Skating Club Of Morris New Jersey Inc is headquartered in Morristown, New Jersey and files with the IRS under EIN 222344646.
How many years of IRS 990 filings does Skating Club Of Morris New Jersey Inc have?
Skating Club Of Morris New Jersey 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 $166K in total revenue.
What does Skating Club Of Morris New Jersey Inc do?
Skating Club Of Morris New Jersey Inc is a nonprofit organization in the Unknown sector, located in Morristown, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Skating Club Of Morris New Jersey Inc have?
Skating Club Of Morris New Jersey Inc reported total revenue of $166,164. Based on 13 IRS 990 filings on record.
What are Skating Club Of Morris New Jersey Inc's total assets?
Skating Club Of Morris New Jersey Inc holds total assets of $247,761 as reported in IRS 990 filings.
Where is Skating Club Of Morris New Jersey Inc located?
Skating Club Of Morris New Jersey Inc is based in Morristown, New Jersey.
What is Skating Club Of Morris New Jersey Inc's EIN?
Skating Club Of Morris New Jersey Inc's Employer Identification Number (EIN) is 222344646. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Skating Club Of Morris New Jersey Inc?
Skating Club Of Morris New Jersey Inc is classified under NTEE code Unknown (Unknown).
Is Skating Club Of Morris New Jersey Inc a registered 501(c)(3)?
Skating Club Of Morris New Jersey Inc appears in IRS records (EIN: 222344646). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Skating Club Of Morris New Jersey Inc file IRS Form 990?
Yes, Skating Club Of Morris New Jersey Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202307.
What was Skating Club Of Morris New Jersey Inc's revenue in 2023?
In the 202307 filing period, Skating Club Of Morris New Jersey Inc reported total revenue of $145,883, total expenses of $144,254, and net assets of $240,730.
Is Skating Club Of Morris New Jersey Inc's revenue growing or declining?
Skating Club Of Morris New Jersey Inc's revenue is growing. Revenue went from $125,842 (202207) to $145,883 (202307), a +15.9% change. Based on 13 filings on record.
What is Skating Club Of Morris New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Skating Club Of Morris New Jersey Inc covers tax period 202307. It shows revenue of $145,883, expenses of $144,254, total assets of $240,730, and liabilities of N/A.
How much does Skating Club Of Morris New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Skating Club Of Morris New Jersey Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Skating Club Of Morris New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Skating Club Of Morris New Jersey Inc appears trustworthy. Mission Score: 75/100 (Good). No red flags identified. 4 strengths noted.
What are Skating Club Of Morris New Jersey Inc's strengths?
Positive indicators for Skating Club Of Morris New Jersey Inc include: Consistent revenue generation over several years, with recent growth from $86,433 in 2021 to $145,883 in 2023.. Healthy asset base, with assets consistently above $200,000.. Low or no reported lobbying expenses, indicating focus on mission.. No reported liabilities, suggesting strong financial health.. These findings are derived from AI analysis of the organization's financial filings.
How does Skating Club Of Morris New Jersey Inc compensate executives?
Executive compensation is not reported on available filings, suggesting it is below the threshold for disclosure or not paid. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the organization sustain its operations without significant reported executive compensation?
The organization likely relies heavily on volunteer efforts or pays its leadership below the IRS reporting threshold for Form 990, allowing a greater proportion of funds to be directed towards programs.
Filing History
IRS 990 filing history for Skating Club Of Morris New Jersey Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Skating Club Of Morris New Jersey Inc's revenue has declined by 65.5%, moving from $423K to $146K. Total assets increased by 22.3% over the same period, from $197K to $241K. Total functional expenses fell by 64.2%, from $403K to $144K. In its most recent filing year (2023), Skating Club Of Morris New Jersey Inc reported a surplus of $2K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $146K | $144K | $241K | $0 | — | — |
| 2022 | $126K | $131K | $239K | $0 | — | View 990 |
| 2021 | $86K | $72K | $244K | $0 | — | View 990 |
| 2020 | $290K | $365K | $230K | $0 | — | View 990 |
| 2019 | $374K | $327K | $304K | $0 | — | View 990 |
| 2018 | $369K | $430K | $258K | $0 | — | View 990 |
| 2017 | $510K | $517K | $319K | $0 | — | View 990 |
| 2016 | $470K | $467K | $326K | $0 | — | View 990 |
| 2015 | $490K | $411K | $323K | $0 | — | View 990 |
| 2014 | $520K | $470K | $245K | $0 | — | View 990 |
| 2013 | $445K | $439K | $195K | $0 | — | View 990 |
| 2012 | $385K | $393K | $189K | $0 | — | View 990 |
| 2011 | $423K | $403K | $197K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $146K, expenses of $144K, and assets of $241K (revenue +15.9% year-over-year).
- 2022: Revenue of $126K, expenses of $131K, and assets of $239K (revenue +45.6% year-over-year).
- 2021: Revenue of $86K, expenses of $72K, and assets of $244K (revenue -70.2% year-over-year).
- 2020: Revenue of $290K, expenses of $365K, and assets of $230K (revenue -22.3% year-over-year).
- 2019: Revenue of $374K, expenses of $327K, and assets of $304K (revenue +1.2% year-over-year).
- 2018: Revenue of $369K, expenses of $430K, and assets of $258K (revenue -27.7% year-over-year).
- 2017: Revenue of $510K, expenses of $517K, and assets of $319K (revenue +8.6% year-over-year).
- 2016: Revenue of $470K, expenses of $467K, and assets of $326K (revenue -4.1% year-over-year).
- 2015: Revenue of $490K, expenses of $411K, and assets of $323K (revenue -5.9% year-over-year).
- 2014: Revenue of $520K, expenses of $470K, and assets of $245K (revenue +17.1% year-over-year).
- 2013: Revenue of $445K, expenses of $439K, and assets of $195K (revenue +15.4% year-over-year).
- 2012: Revenue of $385K, expenses of $393K, and assets of $189K (revenue -8.9% year-over-year).
- 2011: Revenue of $423K, expenses of $403K, and assets of $197K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Skating Club Of Morris New Jersey Inc:
Data Sources and Methodology
This transparency report for Skating Club Of Morris New Jersey 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.