United Way Of Ocean County
United Way Of Ocean County: Declining Revenue and Asset Management Concerns
EIN: 222148978 · Farmingdale, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Expenses | $1.9M |
| Program Spending | 75% |
| Net Assets | $267K |
| Transparency Score | 70/100 |
Is United Way Of Ocean County Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
United Way Of Ocean County directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About United Way Of Ocean County
United Way Of Ocean County (EIN: 222148978) is a nonprofit organization based in Farmingdale, 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 United Way Of Ocean County's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
United Way Of Ocean County is a mid-size nonprofit, with 5 years of IRS 990 filings on record (2011–2015). Revenue has grown at a compound annual rate of -6.0%.
Key Financial Metrics (2015)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.2M |
| Total Expenses | $1.9M |
| Surplus / Deficit | $-712,920 |
| Total Assets | $830K |
| Total Liabilities | $563K |
| Net Assets | $267K |
| Operating Margin | -58.8% |
| Debt-to-Asset Ratio | 67.8% |
| Months of Reserves | 5.2 months |
Financial Health Grade: C
In 2015, United Way Of Ocean County reported a deficit of $713K with expenses exceeding revenue, holds 5.2 months of operating reserves (adequate), has a debt-to-asset ratio of 67.8% (high leverage).
Financial Trends
Over 5 years of filings (2011–2015), United Way Of Ocean County's revenue has declined at a compound annual growth rate (CAGR) of -6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2015 | -42.7% | -42.3% | -51.1% |
| 2014 | -44.2% | +70.2% | -40.8% |
| 2013 | +184.7% | +66.5% | +189.4% |
| 2012 | -14.3% | -24.1% | +12.0% |
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates United Way Of Ocean County with a Mission Score of 70 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 Ocean County 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 (2015)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $713K, with expenses exceeding revenue.
- Debt-to-asset ratio: 67.8%.
Executive Compensation Analysis
Executive compensation cannot be assessed without specific data on salaries, as the provided filings only detail revenue, expenses, and assets.
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 Ocean County's IRS 990 filings:
- Consistent decline in revenue over the past three reported years (2013-2015).
- Significant reduction in total assets, raising questions about long-term financial stability.
- Lack of specific information on program details and impact metrics in the provided data.
Strengths
The following positive indicators were identified for United Way Of Ocean County:
- Historically, the organization has managed substantial assets and revenue, indicating past operational capacity.
Frequently Asked Questions about United Way Of Ocean County
Is United Way Of Ocean County a legitimate charity?
Based on AI analysis of IRS 990 filings, United Way Of Ocean County (EIN: 222148978) some concerns. Mission Score: 70/100. 3 red flags identified, 1 strength noted.
How does United Way Of Ocean County spend its money?
United Way Of Ocean County directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to United Way Of Ocean County tax-deductible?
United Way Of Ocean County is registered as a tax-exempt nonprofit (EIN: 222148978). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of United Way Of Ocean County's spending goes to programs?
United Way Of Ocean County directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is United Way Of Ocean County located?
United Way Of Ocean County is headquartered in Farmingdale, New Jersey and files with the IRS under EIN 222148978.
How many years of IRS 990 filings does United Way Of Ocean County have?
United Way Of Ocean County has 5 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends.
What does United Way Of Ocean County do?
United Way Of Ocean County is a nonprofit organization in the Unknown sector, located in Farmingdale, New Jersey. It is classified under NTEE code Unknown.
How much revenue does United Way Of Ocean County have?
United Way Of Ocean County reported total revenue of N/A. Based on 5 IRS 990 filings on record.
What are United Way Of Ocean County's total assets?
United Way Of Ocean County holds total assets of N/A as reported in IRS 990 filings.
Where is United Way Of Ocean County located?
United Way Of Ocean County is based in Farmingdale, New Jersey.
What is United Way Of Ocean County's EIN?
United Way Of Ocean County's Employer Identification Number (EIN) is 222148978. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is United Way Of Ocean County?
United Way Of Ocean County is classified under NTEE code Unknown (Unknown).
Is United Way Of Ocean County a registered 501(c)(3)?
United Way Of Ocean County appears in IRS records (EIN: 222148978). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does United Way Of Ocean County file IRS Form 990?
Yes, United Way Of Ocean County has 5 IRS Form 990 filings on record. The most recent covers tax period 201512.
What was United Way Of Ocean County's revenue in 2015?
In the 201512 filing period, United Way Of Ocean County reported total revenue of $1,213,151, total expenses of $1,926,071, and net assets of $830,294.
Is United Way Of Ocean County's revenue growing or declining?
United Way Of Ocean County's revenue is declining. Revenue went from $2,117,284 (201412) to $1,213,151 (201512), a -42.7% change. Based on 5 filings on record.
What is United Way Of Ocean County's most recent 990 filing?
The most recent IRS Form 990 filing for United Way Of Ocean County covers tax period 201512. It shows revenue of $1,213,151, expenses of $1,926,071, total assets of $830,294, and liabilities of $563,201.
How much does United Way Of Ocean County spend on programs vs administration?
Based on IRS 990 analysis, United Way Of Ocean County 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 Ocean County a trustworthy charity?
Based on AI analysis of IRS 990 data, United Way Of Ocean County appears trustworthy. Mission Score: 70/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for United Way Of Ocean County?
The following concerns were identified: Consistent decline in revenue over the past three reported years (2013-2015).. Significant reduction in total assets, raising questions about long-term financial stability.. Lack of specific information on program details and impact metrics in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are United Way Of Ocean County's strengths?
Positive indicators for United Way Of Ocean County include: Historically, the organization has managed substantial assets and revenue, indicating past operational capacity.. These findings are derived from AI analysis of the organization's financial filings.
How does United Way Of Ocean County compensate executives?
Executive compensation cannot be assessed without specific data on salaries, as the provided filings only detail revenue, expenses, and assets. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the sharp decline in revenue and assets between 2013 and 2015, and what strategies are in place to reverse this trend?
The provided data does not specify the reasons for the financial decline, but further investigation into funding sources, program changes, and economic factors in Ocean County would be necessary to understand the contributing factors and future strategies.
Filing History
IRS 990 filing history for United Way Of Ocean County showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2011–2015), United Way Of Ocean County's revenue has declined by 22%, moving from $1.6M to $1.2M. Total assets decreased by 6.2% over the same period, from $886K to $830K. Total functional expenses rose by 24.1%, from $1.6M to $1.9M. In its most recent filing year (2015), United Way Of Ocean County reported a deficit of $713K, with expenses exceeding revenue. The organization holds $563K in liabilities against $830K in assets (debt-to-asset ratio: 67.8%), resulting in net assets of $267K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2015 | $1.2M | $1.9M | $830K | $563K | — | View 990 |
| 2014 | $2.1M | $3.3M | $1.7M | $688K | — | View 990 |
| 2013 | $3.8M | $2.0M | $2.9M | $633K | — | View 990 |
| 2012 | $1.3M | $1.2M | $991K | $607K | — | View 990 |
| 2011 | $1.6M | $1.6M | $886K | $648K | — | View 990 |
Year-by-Year Financial Summary
- 2015: Revenue of $1.2M, expenses of $1.9M, and assets of $830K (revenue -42.7% year-over-year).
- 2014: Revenue of $2.1M, expenses of $3.3M, and assets of $1.7M (revenue -44.2% year-over-year).
- 2013: Revenue of $3.8M, expenses of $2.0M, and assets of $2.9M (revenue +184.7% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.2M, and assets of $991K (revenue -14.3% year-over-year).
- 2011: Revenue of $1.6M, expenses of $1.6M, and assets of $886K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for United Way Of Ocean County:
Data Sources and Methodology
This transparency report for United Way Of Ocean County 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.