Spring Lake Memorial Community House
Spring Lake Memorial Community House maintains stable finances with consistent revenue and asset growth, reporting no officer compensation.
EIN: 216017608 · Spring Lake, NJ · NTEE: P28Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $1.7M |
| Transparency Score | 85/100 |
Is Spring Lake Memorial Community House Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spring Lake Memorial Community House directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spring Lake Memorial Community House
Spring Lake Memorial Community House (EIN: 216017608) is a nonprofit organization based in Spring Lake, NJ, classified under NTEE code P28Z. The organization reported total revenue of $1.9M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spring Lake Memorial Community House's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spring Lake Memorial Community House is a mid-size nonprofit that has been operating for 59 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.7M |
| Total Expenses | $1.8M |
| Surplus / Deficit | $-57,222 |
| Total Assets | $1.8M |
| Total Liabilities | $114K |
| Net Assets | $1.7M |
| Operating Margin | -3.3% |
| Debt-to-Asset Ratio | 6.3% |
| Months of Reserves | 12.2 months |
Financial Health Grade: B
In 2023, Spring Lake Memorial Community House reported a deficit of $57K with expenses exceeding revenue, holds 12.2 months of operating reserves (strong position), has a debt-to-asset ratio of 6.3% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Spring Lake Memorial Community House's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.8% | +6.2% | -0.1% |
| 2022 | -23.4% | +20.3% | -9.4% |
| 2021 | +106.0% | +39.2% | +57.9% |
| 2020 | -22.8% | -24.7% | +14.5% |
| 2019 | -1.7% | +5.6% | +11.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1967 |
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 Spring Lake Memorial Community House 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, Spring Lake Memorial Community House 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 deficit of $57K, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.3%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be entirely volunteer-based or compensated through non-officer roles, which is highly unusual for an organization of this size with nearly $2 million in annual 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.
Red Flags
The following concerns were identified during AI analysis of Spring Lake Memorial Community House's IRS 990 filings:
- Lack of detailed expense breakdown prevents full assessment of program efficiency
- Unusually low liabilities relative to assets in some years, potentially indicating conservative financial practices or specific funding structures.
Strengths
The following positive indicators were identified for Spring Lake Memorial Community House:
- Consistent revenue generation and growth over the past decade.
- Significant growth in assets, more than doubling from $818,085 in 2013 to $1,821,857 in 2023.
- Zero reported officer compensation across all filings, indicating high potential for funds to directly support programs.
- Generally stable financial operations with expenses closely managed against revenue.
- Low liabilities relative to assets, suggesting strong financial solvency.
Frequently Asked Questions about Spring Lake Memorial Community House
Is Spring Lake Memorial Community House a legitimate charity?
Based on AI analysis of IRS 990 filings, Spring Lake Memorial Community House (EIN: 216017608) some concerns. Mission Score: 85/100. 2 red flags identified, 5 strengths noted.
How does Spring Lake Memorial Community House spend its money?
Spring Lake Memorial Community House directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spring Lake Memorial Community House tax-deductible?
Spring Lake Memorial Community House is registered as a tax-exempt nonprofit (EIN: 216017608). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Spring Lake Memorial Community House CEO make?
Spring Lake Memorial Community House's highest-compensated officer earns $2 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Spring Lake Memorial Community House's spending goes to programs?
Spring Lake Memorial Community House directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spring Lake Memorial Community House compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Spring Lake Memorial Community House is above average for NTEE category P28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spring Lake Memorial Community House located?
Spring Lake Memorial Community House is headquartered in Spring Lake, New Jersey and files with the IRS under EIN 216017608. It is classified under NTEE code P28Z.
How many years of IRS 990 filings does Spring Lake Memorial Community House have?
Spring Lake Memorial Community House 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 $1.9M in total revenue.
Is Spring Lake Memorial Community House a good charity?
Based on the provided financial data, the organization appears to be financially stable with growing assets and consistent revenue. The lack of reported officer compensation is a significant positive indicator for efficiency, suggesting a high proportion of funds could go directly to programs. However, without detailed expense breakdowns, it's challenging to fully assess program efficiency.
How has the organization's financial health changed over the last decade?
The organization has shown significant financial growth over the last decade. Revenue has increased from $1,046,993 in 2013 to $1,734,442 in 2023, and assets have more than doubled from $818,085 to $1,821,857 in the same period, indicating robust financial health and expansion.
What is the significance of 0% officer compensation?
0% officer compensation is highly significant as it implies that the organization's top leadership is not drawing a salary, or their compensation is categorized differently. This can be viewed positively by donors as it suggests a very low administrative overhead related to executive pay, potentially allowing more funds to be directed towards the mission.
Filing History
IRS 990 filing history for Spring Lake Memorial Community House showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Spring Lake Memorial Community House's revenue has grown by 113.1%, moving from $814K to $1.7M. Total assets increased by 171.7% over the same period, from $670K to $1.8M. Total functional expenses rose by 123.4%, from $802K to $1.8M. In its most recent filing year (2023), Spring Lake Memorial Community House reported a deficit of $57K, with expenses exceeding revenue. The organization holds $114K in liabilities against $1.8M in assets (debt-to-asset ratio: 6.3%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.7M | $1.8M | $1.8M | $114K | — | — |
| 2022 | $1.6M | $1.7M | $1.8M | $107K | — | View 990 |
| 2021 | $2.1M | $1.4M | $2.0M | $72K | — | View 990 |
| 2020 | $1.0M | $1.0M | $1.3M | $180K | — | View 990 |
| 2019 | $1.3M | $1.3M | $1.1M | $48K | — | View 990 |
| 2018 | $1.4M | $1.3M | $1.0M | $31K | — | View 990 |
| 2017 | $1.3M | $1.3M | $1.0M | $83K | — | View 990 |
| 2016 | $1.2M | $1.1M | $922K | $89K | — | View 990 |
| 2014 | $1.1M | $1.0M | $811K | $64K | — | View 990 |
| 2013 | $1.0M | $942K | $818K | $121K | — | View 990 |
| 2012 | $827K | $867K | $659K | $58K | — | View 990 |
| 2011 | $814K | $802K | $670K | $39K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.7M, expenses of $1.8M, and assets of $1.8M (revenue +5.8% year-over-year).
- 2022: Revenue of $1.6M, expenses of $1.7M, and assets of $1.8M (revenue -23.4% year-over-year).
- 2021: Revenue of $2.1M, expenses of $1.4M, and assets of $2.0M (revenue +106.0% year-over-year).
- 2020: Revenue of $1.0M, expenses of $1.0M, and assets of $1.3M (revenue -22.8% year-over-year).
- 2019: Revenue of $1.3M, expenses of $1.3M, and assets of $1.1M (revenue -1.7% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $1.0M (revenue +5.7% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.3M, and assets of $1.0M (revenue +10.1% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.1M, and assets of $922K (revenue +11.4% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.0M, and assets of $811K (revenue +0.8% year-over-year).
- 2013: Revenue of $1.0M, expenses of $942K, and assets of $818K (revenue +26.6% year-over-year).
- 2012: Revenue of $827K, expenses of $867K, and assets of $659K (revenue +1.6% year-over-year).
- 2011: Revenue of $814K, expenses of $802K, and assets of $670K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spring Lake Memorial Community House:
Data Sources and Methodology
This transparency report for Spring Lake Memorial Community House 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.