Youth Development
(O02)
990 on File
NEWARK WORKFORCE INVESTMENT BOARD INC
Financial strength (30%)
88/100
Reliability (20%)
55/100
Effectiveness (25%)
81/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Financial Overview — FY 2024
$1.8M
Total Revenue
$1.7M
Total Expenses
$997K
Net Assets
5
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
81.7%
Fundraising Efficiency
N/A
Operating Reserve
7.06x
Liability-to-Asset
19.3%
Revenue Diversification
100.0%
Executive Compensation
$228K
Compared with Peers
FY 2024
Compared with 1,317 similar organizations
(United States, Youth Development, $1M–$10M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
81.7% | 81.5% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
18.3% | 11.7% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
0.0% | 4.0% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
7.1 mo | 11.3 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
19.3% | 9.1% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
100.0% | 89.2% |
P10P90
|
Bottom quarter |
|
Revenue growth
Year over year revenue growth
|
13.5% | 9.1% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
18.9% | 10.1% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
7.1% | 1.7% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $1.8M | $1.7M | $997K | 81.7% | 5 |
| 2023 | $1.6M | $1.4M | $881K | 76.9% | 5 |
| 2022 | $1.4M | $1.1M | $1.0M | 83.1% | 4 |
| 2021 | $918K | $561K | N/A | — | 6 |
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