United Way Of Northern New Jersey Inc
United Way Of Northern New Jersey: Strong Asset Growth, but Revenue Volatility and High Executive Compensation Warrant Scrutiny
EIN: 221487247 · Cedar Knolls, NJ · NTEE: T700 · Updated: 2026-04-04
About United Way Of Northern New Jersey Inc
United Way Of Northern New Jersey Inc (EIN: 221487247) is a nonprofit organization based in Cedar Knolls, NJ, classified under NTEE code T700. The organization reported total revenue of $12.1M and total assets of $19.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of United Way Of Northern New Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates United Way Of Northern 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, United Way Of Northern New Jersey 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.
Executive Compensation Analysis
Executive compensation appears high relative to revenue, with the CEO's compensation reported at $350,000 in 2023, representing approximately 4% of the $8,793,562 in revenue for that year.
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 United Way Of Northern New Jersey Inc's IRS 990 filings:
- Significant revenue volatility observed over the past five years, ranging from a high of $18,858,850 in 2021 to a low of $7,276,255 in 2019, which could impact program stability.
- Executive compensation, particularly the CEO's $350,000 in 2023, is a notable percentage of the organization's revenue, especially in years with lower revenue figures.
- While assets have grown, the organization reported a net loss in 2023 (expenses of $9,660,331 exceeding revenue of $8,793,562).
Strengths
The following positive indicators were identified for United Way Of Northern New Jersey Inc:
- Consistent growth in assets, from $4,227,806 in 2019 to $19,734,995 in 2023, indicating strong financial management and investment.
- Maintains a healthy liquidity position, with current assets significantly exceeding current liabilities.
- Demonstrates a commitment to programs, with a substantial portion of expenses allocated to programmatic activities.
Frequently Asked Questions about United Way Of Northern New Jersey Inc
What does United Way Of Northern New Jersey Inc do?
United Way Of Northern New Jersey Inc is a nonprofit organization in the Philanthropy, Voluntarism & Grantmaking sector, located in Cedar Knolls, New Jersey. It is classified under NTEE code T700.
How much revenue does United Way Of Northern New Jersey Inc have?
United Way Of Northern New Jersey Inc reported total revenue of $12,136,379. Based on 13 IRS 990 filings on record.
What are United Way Of Northern New Jersey Inc's total assets?
United Way Of Northern New Jersey Inc holds total assets of $19,504,062 as reported in IRS 990 filings.
Where is United Way Of Northern New Jersey Inc located?
United Way Of Northern New Jersey Inc is based in Cedar Knolls, New Jersey.
What is United Way Of Northern New Jersey Inc's EIN?
United Way Of Northern New Jersey Inc's Employer Identification Number (EIN) is 221487247. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is United Way Of Northern New Jersey Inc?
United Way Of Northern New Jersey Inc is classified under NTEE code T700 (Philanthropy, Voluntarism & Grantmaking).
Is United Way Of Northern New Jersey Inc a registered 501(c)(3)?
Yes, United Way Of Northern New Jersey Inc is recognized as a tax-exempt organization by the IRS. EIN: 221487247.
Does United Way Of Northern New Jersey Inc file IRS Form 990?
Yes, United Way Of Northern New Jersey Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was United Way Of Northern New Jersey Inc's revenue in 2023?
In the 202306 filing period, United Way Of Northern New Jersey Inc reported total revenue of $8,793,562, total expenses of $9,660,331, and net assets of $19,734,995.
Is United Way Of Northern New Jersey Inc's revenue growing or declining?
United Way Of Northern New Jersey Inc's revenue is declining. Revenue went from $10,490,738 (202206) to $8,793,562 (202306), a -16.2% change. Based on 13 filings on record.
What is United Way Of Northern New Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for United Way Of Northern New Jersey Inc covers tax period 202306. It shows revenue of $8,793,562, expenses of $9,660,331, total assets of $19,734,995, and liabilities of $5,957,449.
How much does United Way Of Northern New Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, United Way Of Northern New Jersey Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is United Way Of Northern New Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, United Way Of Northern New Jersey Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for United Way Of Northern New Jersey Inc?
The following concerns were identified: Significant revenue volatility observed over the past five years, ranging from a high of $18,858,850 in 2021 to a low of $7,276,255 in 2019, which could impact program stability.. Executive compensation, particularly the CEO's $350,000 in 2023, is a notable percentage of the organization's revenue, especially in years with lower revenue figures.. While assets have grown, the organization reported a net loss in 2023 (expenses of $9,660,331 exceeding revenue of $8,793,562).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are United Way Of Northern New Jersey Inc's strengths?
Positive indicators for United Way Of Northern New Jersey Inc include: Consistent growth in assets, from $4,227,806 in 2019 to $19,734,995 in 2023, indicating strong financial management and investment.. Maintains a healthy liquidity position, with current assets significantly exceeding current liabilities.. Demonstrates a commitment to programs, with a substantial portion of expenses allocated to programmatic activities.. These findings are derived from AI analysis of the organization's financial filings.
How does United Way Of Northern New Jersey Inc compensate executives?
Executive compensation appears high relative to revenue, with the CEO's compensation reported at $350,000 in 2023, representing approximately 4% of the $8,793,562 in revenue for that year. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the substantial revenue fluctuations, what strategies are in place to ensure consistent funding for core programs and mitigate the impact of potential future revenue declines?
The organization appears to be building its asset base, which could serve as a buffer during periods of lower revenue. However, specific strategies for revenue diversification and stabilization would need further inquiry beyond the provided data.
How does the organization justify the executive compensation levels, particularly in years where revenue has decreased or the organization has operated at a deficit, and what benchmarks are used for comparison?
Without further information, it's difficult to ascertain the specific justification. A detailed compensation philosophy and comparison to similar-sized nonprofits in the region would be necessary to fully assess the appropriateness of the executive compensation.
Filing History
IRS 990 filing history for United Way Of Northern New Jersey Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), United Way Of Northern New Jersey Inc's revenue has declined by 26%, moving from $11.9M to $8.8M. Total assets increased by 32.3% over the same period, from $14.9M to $19.7M. Total functional expenses fell by 3.4%, from $10.0M to $9.7M. In its most recent filing year (2023), United Way Of Northern New Jersey Inc reported a deficit of $867K, with expenses exceeding revenue. The organization holds $6.0M in liabilities against $19.7M in assets (debt-to-asset ratio: 30.2%), resulting in net assets of $13.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $8.8M | $9.7M | $19.7M | $6.0M | — | View 990 |
| 2022 | $10.5M | $9.4M | $17.0M | $3.7M | — | View 990 |
| 2021 | $18.9M | $7.8M | $18.1M | $2.7M | — | View 990 |
| 2020 | $8.8M | $8.7M | $5.0M | $1.3M | — | View 990 |
| 2019 | $7.3M | $8.2M | $4.2M | $430K | — | View 990 |
| 2018 | $8.5M | $9.7M | $5.3M | $373K | — | View 990 |
| 2017 | $10.6M | $11.6M | $8.2M | $1.2M | — | View 990 |
| 2016 | $13.2M | $14.5M | $9.2M | $1.4M | — | View 990 |
| 2015 | $13.6M | $15.3M | $10.9M | $1.6M | — | View 990 |
| 2014 | $15.2M | $16.6M | $13.0M | $1.8M | — | View 990 |
| 2013 | $14.5M | $14.5M | $14.0M | $2.0M | — | View 990 |
| 2012 | $14.4M | $14.3M | $13.7M | $1.9M | — | View 990 |
| 2011 | $11.9M | $10.0M | $14.9M | $3.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $8.8M, expenses of $9.7M, and assets of $19.7M (revenue -16.2% year-over-year).
- 2022: Revenue of $10.5M, expenses of $9.4M, and assets of $17.0M (revenue -44.4% year-over-year).
- 2021: Revenue of $18.9M, expenses of $7.8M, and assets of $18.1M (revenue +114.3% year-over-year).
- 2020: Revenue of $8.8M, expenses of $8.7M, and assets of $5.0M (revenue +21.0% year-over-year).
- 2019: Revenue of $7.3M, expenses of $8.2M, and assets of $4.2M (revenue -14.6% year-over-year).
- 2018: Revenue of $8.5M, expenses of $9.7M, and assets of $5.3M (revenue -19.9% year-over-year).
- 2017: Revenue of $10.6M, expenses of $11.6M, and assets of $8.2M (revenue -19.6% year-over-year).
- 2016: Revenue of $13.2M, expenses of $14.5M, and assets of $9.2M (revenue -2.8% year-over-year).
- 2015: Revenue of $13.6M, expenses of $15.3M, and assets of $10.9M (revenue -10.3% year-over-year).
- 2014: Revenue of $15.2M, expenses of $16.6M, and assets of $13.0M (revenue +5.0% year-over-year).
- 2013: Revenue of $14.5M, expenses of $14.5M, and assets of $14.0M (revenue +0.4% year-over-year).
- 2012: Revenue of $14.4M, expenses of $14.3M, and assets of $13.7M (revenue +21.3% year-over-year).
- 2011: Revenue of $11.9M, expenses of $10.0M, and assets of $14.9M.
Data Sources and Methodology
This transparency report for United Way Of Northern 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.