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Ironbound Community Corporation

EIN 22-1916086 · Newark, NJ

Public records show a registered, tax-exempt organization in good standing.

LegitimacyPassesRegistration and standingFinancial healthGood85 out of 100GovernanceStrong93 out of 100Impact evidenceDescribes programsHow well its results are evidenced

What it says it does

IRONBOUND COMMUNITY CORPORATION'S MISSION IS TO ENGAGE AND EMPOWER INDIVIDUALS, FAMILIES AND GROUPS IN REALIZING THEIR ASPIRATIONS AND, TOGETHER, WORK TO CREATE A JUST, VIBRANT AND SUSTAINABLE COMMUNITY.

Income
$12.0 million
Spending
$10.6 million
Spent on programs
89%
Reserves
5.7 months of spending
Largest source of income
government grants, 66%
Employees
179
Volunteers
110
Highest pay
$200,638, ceo

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Financial health

Good: 85 out of 100.

  • Reserves

    20 of 35

    Spendable reserves would cover 5.7 months of spending.

  • Debt

    20 of 20

    It owes 11% of what it owns.

  • Living within its means

    15 of 15

    Income exceeded spending by 12% of income.

  • Income trend

    15 of 15

    Income rose 11% on the year before.

  • Spending floor

    15 of 15

    89% of spending went to programs and raising each dollar of donations cost 2 cents.

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Governance

Strong: 93 out of 100.

  • Independent board

    25 of 25

    9 of 9 voting board members are independent.

  • Conflict of interest policy

    15 of 15

    Has a written conflict of interest policy.

  • Whistleblower policy

    8 of 8

    Has a written whistleblower policy.

  • Record keeping policy

    0 of 7

    Reports no written policy on keeping and destroying records.

  • Board minutes

    5 of 5

    Keeps minutes of board meetings.

  • Board sees the tax return

    10 of 10

    Gave the board a copy of this return before filing it.

  • Pay set independently

    5 of 5

    Sets its chief executive's pay through independent review and comparison.

  • Independent check of accounts

    15 of 15

    Its accounts were audited by an independent accountant.

  • No reported misuse

    10 of 10

    Reports no diversion of assets, excess benefits or loans to insiders.

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Impact evidence

Describes programs. Its tax return describes what it does but we have found no measurable results in it.

Programs described in its return (7)
  1. $3.2 million spent. The preschool program is NAEYC accredited and provides developmentally appropriate and enriching care and education for 150 preschoolers, 75 three year olds and 75 four year olds. Our early childhood program is in contract with Newark Public Schools (NPS) and Administration for Children and Families (ACF). The program employs a health and nutrition coordinator and a family and community engagement manager who provide comprehensive services to children and families.
  2. $1.6 million spent. Early Head Start serves 4 families who are pregnant, 12 families who have children up to 3 years of age at home, and 56 children 0-3 years at the center. Both in the home-based and center-based components, the staff helps parents with the changes and needs of their family that come along with having a small child, and the parent learns ways to help their child meet all milestones, including helping the family ensure the child is healthy, developmentally on target, and ready for the world. School readiness, is a major component of the Early Head Start program.
  3. $1.8 million spent. Family Success Centers, emphasizing "family strengthening," which is a prevention-based strategy that partners professional staff with families as they reach towards their goals. The program provides a range of services to support and strengthen families. Community members look to the Family Success Center in times of need, for community celebration, and for access to opportunity. Advocates for affordable housing, public health, safe streets, and immigrant rights within the community it serves. The advocacy and organizing department strives to build a community that is safe, healthy, just, and equitable for all residents. This is done through various programs and initiatives, including: community organizing & leadership development, neighborhood planning & revitalization, public policy development, community resiliency, urban agriculture, and housing & economic empowerment.
  4. $1.2 million spent. ADVOCACY AND ORGANIZING
  5. $729,537 spent. AFTER SCHOOL/ENRICHMENT PROGRAM
  6. $578,791 spent. FINANCIAL EMPOWERMENT & EDUCATION
  7. $364,355 spent. ADULT EDUCATION

Source: Form 990 for the year ending August 31, 2025, filed with the Internal Revenue Service. Rating method 2026.2. How we rate

Legitimacy checks

  1. Is it registered with the IRS? Passed.

    Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  2. Has the IRS revoked its tax-exempt status? Passed.

    Not on the IRS automatic revocation list.

    Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.

  3. Are donations tax-deductible? Passed.

    On the IRS list of organizations eligible to receive tax-deductible contributions.

    Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.

  4. Is it keeping up with its IRS filings? Passed.

    Most recent return on file covers the year ending August 2025.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  5. How long has it been tax-exempt? Passed.

    Recognized by the IRS since November 1982.

    Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.

  6. Is it in good standing with state regulators? Passed.

    Not on California's list of charities barred from soliciting. Other states are not yet checked.

    Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.

Ratings and checks are our reading of public records, using the published method. They are not a statement about anyone's honesty. If you work for this organization, you can send corrections or results, confirm you want gifts through Veridonate, or ask to be removed from giving.