T A S K
TASK: Steady Growth, Prudent Spending, and Strong Financial Health
EIN: 222392881 · Trenton, NJ · NTEE: K30Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $11.9M |
| Total Expenses | $6.4M |
| Program Spending | 87% |
| Net Assets | $15.8M |
| Transparency Score | 85/100 |
Is T A S K Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
T A S K directs 87% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About T A S K
T A S K (EIN: 222392881) is a nonprofit organization based in Trenton, NJ, classified under NTEE code K30Z. The organization reported total revenue of $11.9M and total assets of $17.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of T A S K's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
T A S K is a large nonprofit that has been operating for 44 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 7.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $7.3M |
| Total Expenses | $6.4M |
| Surplus / Deficit | +$892K |
| Total Assets | $16.0M |
| Total Liabilities | $156K |
| Net Assets | $15.8M |
| Operating Margin | 12.2% |
| Debt-to-Asset Ratio | 1.0% |
| Months of Reserves | 29.8 months |
Financial Health Grade: A
In 2023, T A S K reported a surplus of $892K with revenue exceeding expenses, holds 29.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.0% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), T A S K's revenue has grown at a compound annual growth rate (CAGR) of 7.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.3% | +15.7% | +7.5% |
| 2022 | -21.8% | +15.9% | -2.7% |
| 2021 | +56.7% | +25.1% | +33.4% |
| 2020 | +33.2% | +3.5% | +19.3% |
| 2019 | -13.3% | +7.7% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1982 |
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 T A S K 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: 8%
- programs: 87%
- fundraising: 5%
According to IRS 990 filings, T A S K allocates its expenses as follows: admin: 8%, programs: 87%, fundraising: 5%. With 87% 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 $892K, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.0%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. However, the low administrative overhead (8% of expenses in 2023) suggests overall compensation is managed efficiently within the organization's operational budget.
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 T A S K:
- Consistent revenue growth from $3,385,276 in 2016 to $7,324,623 in 2023 demonstrates strong fundraising and operational stability.
- High program spending, with 87% of total expenses allocated to programs in 2023 ($6,432,348 out of $7,324,623), indicates a strong commitment to its mission.
- Healthy financial reserves, with assets significantly exceeding liabilities ($15,999,739 assets vs. $156,461 liabilities in 2023), provide long-term stability.
- Low administrative and fundraising overhead (8% and 5% respectively in 2023) suggests efficient operations and effective resource allocation.
Frequently Asked Questions about T A S K
Is T A S K a legitimate charity?
T A S K (EIN: 222392881) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 12 years of IRS 990 filings on record. Total revenue: $11.9M. No red flags identified. 4 strengths noted. Financial health grade: A.
How does T A S K spend its money?
T A S K directs 87% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to T A S K tax-deductible?
T A S K is registered as a tax-exempt nonprofit (EIN: 222392881). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of T A S K's spending goes to programs?
T A S K directs 87% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does T A S K compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), T A S K is above average for NTEE category K30Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is T A S K located?
T A S K is headquartered in Trenton, New Jersey and files with the IRS under EIN 222392881. It is classified under NTEE code K30Z.
How many years of IRS 990 filings does T A S K have?
T A S K 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 $11.9M in total revenue.
What does T A S K do?
T A S K is a nonprofit organization in the Food, Agriculture & Nutrition sector, located in Trenton, New Jersey. It is classified under NTEE code K30Z.
How much revenue does T A S K have?
T A S K reported total revenue of $11,858,485. Based on 12 IRS 990 filings on record.
What are T A S K's total assets?
T A S K holds total assets of $17,239,596 as reported in IRS 990 filings.
Where is T A S K located?
T A S K is based in Trenton, New Jersey.
What is T A S K's EIN?
T A S K's Employer Identification Number (EIN) is 222392881. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is T A S K?
T A S K is classified under NTEE code K30Z (Food, Agriculture & Nutrition).
Is T A S K a registered 501(c)(3)?
Yes, T A S K is recognized as a tax-exempt organization by the IRS. EIN: 222392881.
Does T A S K file IRS Form 990?
Yes, T A S K has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was T A S K's revenue in 2023?
In the 202306 filing period, T A S K reported total revenue of $7,324,623, total expenses of $6,432,348, and net assets of $15,999,739.
Is T A S K's revenue growing or declining?
T A S K's revenue is growing. Revenue went from $6,763,613 (202206) to $7,324,623 (202306), a +8.3% change. Based on 12 filings on record.
What is T A S K's most recent 990 filing?
The most recent IRS Form 990 filing for T A S K covers tax period 202306. It shows revenue of $7,324,623, expenses of $6,432,348, total assets of $15,999,739, and liabilities of $156,461.
How much does T A S K spend on programs vs administration?
Based on IRS 990 analysis, T A S K allocates approximately 87% of expenses to program services, 8% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is T A S K a trustworthy charity?
Based on AI analysis of IRS 990 data, T A S K appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are T A S K's strengths?
Positive indicators for T A S K include: Consistent revenue growth from $3,385,276 in 2016 to $7,324,623 in 2023 demonstrates strong fundraising and operational stability.. High program spending, with 87% of total expenses allocated to programs in 2023 ($6,432,348 out of $7,324,623), indicates a strong commitment to its mission.. Healthy financial reserves, with assets significantly exceeding liabilities ($15,999,739 assets vs. $156,461 liabilities in 2023), provide long-term stability.. Low administrative and fundraising overhead (8% and 5% respectively in 2023) suggests efficient operations and effective resource allocation.. These findings are derived from AI analysis of the organization's financial filings.
How does T A S K compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. However, the low administrative overhead (8% of expenses in 2023) suggests overall compensation is managed efficiently within the organization's operational budget. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has TASK managed to maintain such a low liability-to-asset ratio over the years, and what strategies contribute to this financial prudence?
TASK has consistently maintained a very low liability-to-asset ratio, with liabilities rarely exceeding 2% of total assets. For example, in 2023, liabilities were $156,461 against $15,999,739 in assets. This suggests a strategy of minimal debt reliance, strong cash flow management, and potentially significant endowment or unrestricted asset growth, allowing the organization to fund operations and growth primarily through accumulated reserves and current revenue rather than borrowing.
Filing History
IRS 990 filing history for T A S K showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), T A S K's revenue has grown by 126.9%, moving from $3.2M to $7.3M. Total assets increased by 209.6% over the same period, from $5.2M to $16.0M. Total functional expenses rose by 171.4%, from $2.4M to $6.4M. In its most recent filing year (2023), T A S K reported a surplus of $892K, with revenue exceeding expenses. The organization holds $156K in liabilities against $16.0M in assets (debt-to-asset ratio: 1.0%), resulting in net assets of $15.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $7.3M | $6.4M | $16.0M | $156K | — | View 990 |
| 2022 | $6.8M | $5.6M | $14.9M | $142K | — | View 990 |
| 2021 | $8.6M | $4.8M | $15.3M | $126K | — | View 990 |
| 2020 | $5.5M | $3.8M | $11.5M | $118K | — | View 990 |
| 2019 | $4.1M | $3.7M | $9.6M | $223K | — | View 990 |
| 2018 | $4.8M | $3.4M | $9.1M | $320K | — | View 990 |
| 2017 | $3.6M | $3.2M | $7.7M | $112K | — | View 990 |
| 2016 | $3.4M | $3.2M | $7.3M | $99K | — | View 990 |
| 2015 | $3.6M | $3.0M | $7.0M | $73K | — | View 990 |
| 2014 | $3.4M | $2.7M | $6.5M | $150K | — | View 990 |
| 2013 | $3.1M | $2.5M | $5.6M | $69K | — | View 990 |
| 2012 | $3.2M | $2.4M | $5.2M | $86K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $7.3M, expenses of $6.4M, and assets of $16.0M (revenue +8.3% year-over-year).
- 2022: Revenue of $6.8M, expenses of $5.6M, and assets of $14.9M (revenue -21.8% year-over-year).
- 2021: Revenue of $8.6M, expenses of $4.8M, and assets of $15.3M (revenue +56.7% year-over-year).
- 2020: Revenue of $5.5M, expenses of $3.8M, and assets of $11.5M (revenue +33.2% year-over-year).
- 2019: Revenue of $4.1M, expenses of $3.7M, and assets of $9.6M (revenue -13.3% year-over-year).
- 2018: Revenue of $4.8M, expenses of $3.4M, and assets of $9.1M (revenue +31.3% year-over-year).
- 2017: Revenue of $3.6M, expenses of $3.2M, and assets of $7.7M (revenue +7.4% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.2M, and assets of $7.3M (revenue -6.7% year-over-year).
- 2015: Revenue of $3.6M, expenses of $3.0M, and assets of $7.0M (revenue +5.5% year-over-year).
- 2014: Revenue of $3.4M, expenses of $2.7M, and assets of $6.5M (revenue +10.4% year-over-year).
- 2013: Revenue of $3.1M, expenses of $2.5M, and assets of $5.6M (revenue -3.5% year-over-year).
- 2012: Revenue of $3.2M, expenses of $2.4M, and assets of $5.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for T A S K:
Data Sources and Methodology
This transparency report for T A S K 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.