Quick charity verification for Monmouth Museum And Cultural Center (EIN: 221739205)
Verdict: Monmouth Museum And Cultural Center shows mixed signals
65/100Mission Score
$902KRevenue
$5.4MAssets
4Red Flags
3Strengths
Red Flags
Revenue has shown a consistent decline from $842,796 in 2022 to $722,102 in 2023, indicating potential sustainability issues.
The significant jump in assets from $1,451,426 in 2022 to $5,482,374 in 2023 without a corresponding revenue increase or clear explanation raises questions.
Expenses consistently exceed revenue in recent years (e.g., $850,043 expenses vs. $722,102 revenue in 2023), leading to net losses.
The organization's liabilities increased from $105,681 in 2022 to $116,080 in 2023, while assets saw a massive increase, which warrants further investigation into the nature of these liabilities.
Strengths
The organization has maintained a physical presence and operations for many years, indicating community resilience.
Despite financial fluctuations, the museum continues to report assets, suggesting some level of financial stability or significant non-liquid assets.
The museum has consistently reported zero lobbying costs, indicating a focus on its core mission rather than political influence.
AI Transparency Report
Monmouth Museum And Cultural Center is a arts, culture & humanities nonprofit based in Lincroft, New Jersey, with reported revenue of $902K and assets of $5.4M. Our AI analysis assigns a Mission Score of 65/100 (Good). Approximately 55% of spending goes to programs, 30% to administration, and 15% to fundraising. Executive compensation is not explicitly detailed in the provided data, making a specific assessment difficult without further access to Form 990 filings which would show individual compensation figures. Revenue has grown +78% across 13 filing periods.