South Jersey Eye Center Inc
South Jersey Eye Center Inc reports $0 revenue and assets after years of operating deficits.
EIN: 220726707 · Camden, NJ · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Expenses | $551K |
| Program Spending | 75% |
| Net Assets | $113K |
| Transparency Score | 20/100 |
Is South Jersey Eye Center Inc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
South Jersey Eye Center Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About South Jersey Eye Center Inc
South Jersey Eye Center Inc (EIN: 220726707) is a nonprofit organization based in Camden, NJ. The organization reported total revenue of $0 and total assets of $0 according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Jersey Eye Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Jersey Eye Center Inc is a small nonprofit, with 6 years of IRS 990 filings on record (2011–2016). Revenue has grown at a compound annual rate of -12.8%.
Key Financial Metrics (2016)
From the most recent IRS 990 filing on record:
| Total Revenue | $371K |
| Total Expenses | $551K |
| Surplus / Deficit | $-180,634 |
| Total Assets | $316K |
| Total Liabilities | $203K |
| Net Assets | $113K |
| Operating Margin | -48.7% |
| Debt-to-Asset Ratio | 64.3% |
| Months of Reserves | 6.9 months |
Financial Health Grade: C
In 2016, South Jersey Eye Center Inc reported a deficit of $181K with expenses exceeding revenue, holds 6.9 months of operating reserves (strong position), has a debt-to-asset ratio of 64.3% (high leverage).
Financial Trends
Over 6 years of filings (2011–2016), South Jersey Eye Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -12.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2016 | -38.1% | -13.5% | -28.1% |
| 2015 | +0.7% | -17.1% | +11.0% |
| 2014 | -21.2% | +6.8% | -20.6% |
| 2013 | +7.6% | -11.7% | +7.1% |
| 2012 | -4.7% | -4.7% | -18.2% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates South Jersey Eye Center Inc with a Mission Score of 20 out of 100 (Poor). 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, South Jersey Eye Center Inc 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 (2016)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $181K, with expenses exceeding revenue.
- Debt-to-asset ratio: 64.3%.
Executive Compensation Analysis
Executive compensation was reported as 0% across all available filings, indicating that officers were not directly compensated, which is positive for resource allocation relative to the organization's size and revenue levels during its active periods.
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 South Jersey Eye Center Inc's IRS 990 filings:
- Latest reported revenue and assets are $0, indicating cessation of operations or severe financial distress.
- Consistent operating deficits, with expenses exceeding revenue in five out of six reported periods (e.g., 2016 expenses $551,445 vs. revenue $370,811).
- Significant decline in assets from $568,520 in 2011 to $315,734 in 2016, preceding the $0 report.
- Unknown NTEE code, which can hinder understanding of its specific mission and impact.
Strengths
The following positive indicators were identified for South Jersey Eye Center Inc:
- Reported 0% officer compensation across all filings, indicating no direct executive salary burden on the organization's finances during its active years.
Frequently Asked Questions about South Jersey Eye Center Inc
Is South Jersey Eye Center Inc a legitimate charity?
South Jersey Eye Center Inc (EIN: 220726707) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 20/100. It has 6 years of IRS 990 filings on record. 4 red flags identified. 1 strength noted. Financial health grade: C.
How does South Jersey Eye Center Inc spend its money?
South Jersey Eye Center Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to South Jersey Eye Center Inc tax-deductible?
South Jersey Eye Center Inc is registered as a tax-exempt nonprofit (EIN: 220726707). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of South Jersey Eye Center Inc's spending goes to programs?
South Jersey Eye Center Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is South Jersey Eye Center Inc located?
South Jersey Eye Center Inc is headquartered in Camden, New Jersey and files with the IRS under EIN 220726707.
How many years of IRS 990 filings does South Jersey Eye Center Inc have?
South Jersey Eye Center Inc has 6 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
Is South Jersey Eye Center Inc still operational?
Based on the latest reported revenue and assets of $0, it is highly unlikely that South Jersey Eye Center Inc is still actively operational.
What caused the significant decline in revenue and assets to $0?
The filings show a consistent pattern of expenses exceeding revenue in most years (e.g., $551,445 expenses vs. $370,811 revenue in 2016), leading to operating deficits that likely depleted assets over time and forced the organization to cease operations or significantly downsize.
How did the organization manage to operate with consistent deficits?
The organization likely drew down its assets or accumulated liabilities to cover the deficits. For instance, assets decreased from $568,520 in 2011 to $315,734 in 2016, while liabilities fluctuated but generally increased towards the end of its active period, reaching $202,903 in 2016.
Filing History
IRS 990 filing history for South Jersey Eye Center Inc showing financial trends over 6 years of public records:
Over 6 years of IRS 990 filings (2011–2016), South Jersey Eye Center Inc's revenue has declined by 49.6%, moving from $736K to $371K. Total assets decreased by 44.5% over the same period, from $569K to $316K. Total functional expenses fell by 35.6%, from $856K to $551K. In its most recent filing year (2016), South Jersey Eye Center Inc reported a deficit of $181K, with expenses exceeding revenue. The organization holds $203K in liabilities against $316K in assets (debt-to-asset ratio: 64.3%), resulting in net assets of $113K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2016 | $371K | $551K | $316K | $203K | — | — |
| 2015 | $599K | $638K | $439K | $146K | — | View 990 |
| 2014 | $595K | $769K | $395K | $94K | — | View 990 |
| 2013 | $755K | $720K | $498K | $22K | — | View 990 |
| 2012 | $701K | $815K | $465K | $24K | — | View 990 |
| 2011 | $736K | $856K | $569K | $13K | — | View 990 |
Year-by-Year Financial Summary
- 2016: Revenue of $371K, expenses of $551K, and assets of $316K (revenue -38.1% year-over-year).
- 2015: Revenue of $599K, expenses of $638K, and assets of $439K (revenue +0.7% year-over-year).
- 2014: Revenue of $595K, expenses of $769K, and assets of $395K (revenue -21.2% year-over-year).
- 2013: Revenue of $755K, expenses of $720K, and assets of $498K (revenue +7.6% year-over-year).
- 2012: Revenue of $701K, expenses of $815K, and assets of $465K (revenue -4.7% year-over-year).
- 2011: Revenue of $736K, expenses of $856K, and assets of $569K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Jersey Eye Center Inc:
Data Sources and Methodology
This transparency report for South Jersey Eye Center 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.