Statewide Hispanic Chamber Of Commerce Of New Jersey Inc

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Statewide Hispanic Chamber Of Commerce Of New Jersey Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Statewide Hispanic Chamber Of Commerce Of New Jersey Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Statewide Hispanic Chamber Of Commerce Of New Jersey Inc in one place.

Is Statewide Hispanic Chamber Of Commerce Of New Jersey Inc Legit?

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

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Across stored filings, Statewide Hispanic Chamber Of Commerce Of New Jersey Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Request a concise report for Statewide Hispanic Chamber Of Commerce Of New Jersey Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Statewide Hispanic Chamber Of Commerce Of New Jersey Inc directs 55% of its spending to programs. This falls below the 65% benchmark. Donors may want to investigate further.

About Statewide Hispanic Chamber Of Commerce Of New Jersey Inc

Statewide Hispanic Chamber Of Commerce Of New Jersey Inc (EIN: 223121532) is a nonprofit organization based in Rutherford, NJ. The organization reported total revenue of $2.0M and total assets of $2.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Statewide Hispanic Chamber Of Commerce Of New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Statewide Hispanic Chamber Of Commerce Of New Jersey Inc is a mid-size nonprofit that has been operating for 32 years, with 11 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 15.3%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Statewide Hispanic Chamber Of Commerce Of New Jersey Inc reported a surplus of $721K with revenue exceeding expenses, holds 23.1 months of operating reserves (strong position), has a debt-to-asset ratio of 14.8% (very low leverage).

Financial Trends

Over 11 years of filings (2011–2023), Statewide Hispanic Chamber Of Commerce Of New Jersey Inc's revenue has grown at a compound annual growth rate (CAGR) of 15.3%.

IRS Tax-Exempt Classification

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 Statewide Hispanic Chamber Of Commerce Of New Jersey 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: 25%
• programs: 55%
• fundraising: 20%

According to IRS 990 filings, Statewide Hispanic Chamber Of Commerce Of New Jersey Inc allocates its expenses as follows: admin: 25%, programs: 55%, fundraising: 20%. Approximately 55% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a surplus of $721K, with revenue exceeding expenses.
• Debt-to-asset ratio: 14.8%.

Executive Compensation Analysis

Executive compensation is aligned with industry standards, with no excessive pay reported.

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 Statewide Hispanic Chamber Of Commerce Of New Jersey Inc's IRS 990 filings:

• The organization has maintained a consistent revenue growth over the past five years.

Strengths

The following positive indicators were identified for Statewide Hispanic Chamber Of Commerce Of New Jersey Inc:

• The organization has a clear and detailed spending breakdown, enhancing transparency.

Frequently Asked Questions about Statewide Hispanic Chamber Of Commerce Of New Jersey Inc

Filing History

IRS 990 filing history for Statewide Hispanic Chamber Of Commerce Of New Jersey Inc showing financial trends over 11 years of public records:

Over 11 years of IRS 990 filings (2011–2023), Statewide Hispanic Chamber Of Commerce Of New Jersey Inc's revenue has grown by 450.8%, moving from $349K to $1.9M. Total assets increased by 2457.6% over the same period, from $91K to $2.3M. Total functional expenses rose by 149.4%, from $482K to $1.2M. In its most recent filing year (2023), Statewide Hispanic Chamber Of Commerce Of New Jersey Inc reported a surplus of $721K, with revenue exceeding expenses. The organization holds $343K in liabilities against $2.3M in assets (debt-to-asset ratio: 14.8%), resulting in net assets of $2.0M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.9M, expenses of $1.2M, and assets of $2.3M (revenue +41.8% year-over-year).
• 2022: Revenue of $1.4M, expenses of $957K, and assets of $1.6M (revenue +40.1% year-over-year).
• 2021: Revenue of $968K, expenses of $515K, and assets of $1.2M (revenue +36.0% year-over-year).
• 2020: Revenue of $712K, expenses of $558K, and assets of $721K (revenue -4.5% year-over-year).
• 2019: Revenue of $745K, expenses of $596K, and assets of $553K (revenue +20.0% year-over-year).
• 2018: Revenue of $621K, expenses of $505K, and assets of $414K (revenue +13.6% year-over-year).
• 2017: Revenue of $547K, expenses of $410K, and assets of $360K (revenue +48.4% year-over-year).
• 2016: Revenue of $369K, expenses of $313K, and assets of $246K (revenue +82.7% year-over-year).
• 2013: Revenue of $202K, expenses of $84K, and assets of $37K (revenue +29.9% year-over-year).
• 2012: Revenue of $155K, expenses of $123K, and assets of $48K (revenue -55.6% year-over-year).
• 2011: Revenue of $349K, expenses of $482K, and assets of $91K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Statewide Hispanic Chamber Of Commerce Of New Jersey Inc:

Data Sources and Methodology

This transparency report for Statewide Hispanic Chamber Of Commerce Of 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.