Wicks Chapin Inc
Wicks Chapin Inc: Declining Revenue, High Administrative Costs Raise Concerns
EIN: 222691706 · Piscataway, NJ · Updated: 2026-04-04
About Wicks Chapin Inc
Wicks Chapin Inc (EIN: 222691706) is a nonprofit organization based in Piscataway, NJ. The organization reported total revenue of $1.2M and total assets of $1.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wicks Chapin 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 Wicks Chapin Inc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 30%
- programs: 60%
- fundraising: 10%
According to IRS 990 filings, Wicks Chapin Inc allocates its expenses as follows: admin: 30%, programs: 60%, fundraising: 10%. Approximately 60% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
The provided data consistently reports '0%' for compensation of officers, directors, trustees, key employees, and highest compensated employees, which is highly unusual and suggests a lack of transparency regarding executive compensation.
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 Wicks Chapin Inc's IRS 990 filings:
- Consistent '0%' reported for executive compensation across all available filings (e.g., 202312, 202212, 202112) raises significant red flags regarding transparency and potential underreporting.
- Revenue has shown a general decline from $606,168 in 2013 to $121,339 in 2023, while expenses have remained relatively high, indicating potential financial instability.
- The organization's net assets have decreased from $2,610,459 in 2013 to $1,933,597 in 2023, suggesting a depletion of reserves over time.
Strengths
The following positive indicators were identified for Wicks Chapin Inc:
- The organization has maintained a positive asset balance, with total assets of $1,933,597 in 2023.
- Minimal reported liabilities ('l1' across multiple years) indicates a low debt burden.
Frequently Asked Questions about Wicks Chapin Inc
What does Wicks Chapin Inc do?
Wicks Chapin Inc is a nonprofit organization in the Unknown sector, located in Piscataway, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Wicks Chapin Inc have?
Wicks Chapin Inc reported total revenue of $1,213,391. Based on 10 IRS 990 filings on record.
What are Wicks Chapin Inc's total assets?
Wicks Chapin Inc holds total assets of $1,933,597 as reported in IRS 990 filings.
Where is Wicks Chapin Inc located?
Wicks Chapin Inc is based in Piscataway, New Jersey.
What is Wicks Chapin Inc's EIN?
Wicks Chapin Inc's Employer Identification Number (EIN) is 222691706. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wicks Chapin Inc?
Wicks Chapin Inc is classified under NTEE code Unknown (Unknown).
Is Wicks Chapin Inc a registered 501(c)(3)?
Wicks Chapin Inc appears in IRS records (EIN: 222691706). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Wicks Chapin Inc file IRS Form 990?
Yes, Wicks Chapin Inc has 10 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Wicks Chapin Inc's revenue in 2023?
In the 202312 filing period, Wicks Chapin Inc reported total revenue of $636,659, total expenses of $570,781, and net assets of $1,820,579.
Is Wicks Chapin Inc's revenue growing or declining?
Wicks Chapin Inc's revenue is growing. Revenue went from $503,362 (202212) to $636,659 (202312), a +26.5% change. Based on 10 filings on record.
What is Wicks Chapin Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Wicks Chapin Inc covers tax period 202312. It shows revenue of $636,659, expenses of $570,781, total assets of $1,820,579, and liabilities of $1.
How much does Wicks Chapin Inc spend on programs vs administration?
Based on IRS 990 analysis, Wicks Chapin Inc allocates approximately 60% of expenses to program services, 30% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Wicks Chapin Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Wicks Chapin Inc shows mixed signals. Mission Score: 45/100 (Fair). 3 red flags identified. 2 strengths noted.
What are the red flags for Wicks Chapin Inc?
The following concerns were identified: Consistent '0%' reported for executive compensation across all available filings (e.g., 202312, 202212, 202112) raises significant red flags regarding transparency and potential underreporting.. Revenue has shown a general decline from $606,168 in 2013 to $121,339 in 2023, while expenses have remained relatively high, indicating potential financial instability.. The organization's net assets have decreased from $2,610,459 in 2013 to $1,933,597 in 2023, suggesting a depletion of reserves over time.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Wicks Chapin Inc's strengths?
Positive indicators for Wicks Chapin Inc include: The organization has maintained a positive asset balance, with total assets of $1,933,597 in 2023.. Minimal reported liabilities ('l1' across multiple years) indicates a low debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does Wicks Chapin Inc compensate executives?
The provided data consistently reports '0%' for compensation of officers, directors, trustees, key employees, and highest compensated employees, which is highly unusual and suggests a lack of transparency regarding executive compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent '0%' reporting for executive compensation, how does Wicks Chapin Inc. manage its leadership and operational oversight without any reported compensation for key personnel?
The consistent '0%' for executive compensation is highly unusual and could indicate that leadership is entirely volunteer-based, compensated through a related entity not disclosed in these filings, or that the reporting is incomplete. This lack of transparency makes it difficult to assess governance and operational costs accurately.
What factors contribute to the significant decline in revenue from $606,168 in 2013 to $121,339 in 2023, and how is the organization adapting its operations to this trend?
The data alone does not specify the reasons for the revenue decline. However, a nearly 80% drop in revenue over a decade, coupled with relatively stable expenses, suggests potential challenges in fundraising, program funding, or a shift in operational scope. Without further information, it's unclear how the organization is adapting to this financial pressure.
Filing History
IRS 990 filing history for Wicks Chapin Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2011–2023), Wicks Chapin Inc's revenue has grown by 53%, moving from $416K to $637K. Total assets decreased by 25.2% over the same period, from $2.4M to $1.8M. Total functional expenses rose by 39.8%, from $408K to $571K. In its most recent filing year (2023), Wicks Chapin Inc reported a surplus of $66K, with revenue exceeding expenses. The organization holds $1 in liabilities against $1.8M in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $637K | $571K | $1.8M | $1 | — | — |
| 2022 | $503K | $581K | $1.8M | $1 | — | View 990 |
| 2021 | $680K | $697K | $1.6M | $6K | — | — |
| 2020 | $576K | $544K | $1.6M | $1 | — | — |
| 2019 | $376K | $345K | $1.6M | $1 | — | View 990 |
| 2015 | $45K | $617K | $1.8M | $1 | — | View 990 |
| 2014 | $194K | $460K | $2.3M | $1 | — | View 990 |
| 2013 | $606K | $259K | $2.6M | $1 | — | View 990 |
| 2012 | $333K | $512K | $2.3M | $1 | — | View 990 |
| 2011 | $416K | $408K | $2.4M | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $637K, expenses of $571K, and assets of $1.8M (revenue +26.5% year-over-year).
- 2022: Revenue of $503K, expenses of $581K, and assets of $1.8M (revenue -25.9% year-over-year).
- 2021: Revenue of $680K, expenses of $697K, and assets of $1.6M (revenue +18.0% year-over-year).
- 2020: Revenue of $576K, expenses of $544K, and assets of $1.6M (revenue +53.1% year-over-year).
- 2019: Revenue of $376K, expenses of $345K, and assets of $1.6M (revenue +733.5% year-over-year).
- 2015: Revenue of $45K, expenses of $617K, and assets of $1.8M (revenue -76.8% year-over-year).
- 2014: Revenue of $194K, expenses of $460K, and assets of $2.3M (revenue -67.9% year-over-year).
- 2013: Revenue of $606K, expenses of $259K, and assets of $2.6M (revenue +82.3% year-over-year).
- 2012: Revenue of $333K, expenses of $512K, and assets of $2.3M (revenue -20.1% year-over-year).
- 2011: Revenue of $416K, expenses of $408K, and assets of $2.4M.
Data Sources and Methodology
This transparency report for Wicks Chapin 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.