Quick charity verification for New Jersey Symphony Orchestra (EIN: 221559422)
Verdict: New Jersey Symphony Orchestra appears trustworthy
85/100Mission Score
$17.6MRevenue
$9.3MAssets
2Red Flags
3Strengths
Red Flags
Expenses ($16,716,189 in 2023) consistently exceed revenue ($14,023,665 in 2023), indicating reliance on reserves or other funding sources.
The 'c0%' for compensation across all years raises questions about the transparency of executive and key employee remuneration.
Strengths
Significant asset base ($9,843,861 in 2023) provides financial stability despite operational deficits.
Consistent revenue generation over multiple years, with a notable rebound in 2023.
Strong program focus implied by the high mission score and general nature of a symphony orchestra.
Spending Breakdown
How New Jersey Symphony Orchestra allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about New Jersey Symphony Orchestra
Is New Jersey Symphony Orchestra a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey Symphony Orchestra (EIN: 221559422) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is New Jersey Symphony Orchestra a good charity to donate to?
New Jersey Symphony Orchestra has a Mission Score of 85/100. Revenue: $17.6M. Assets: $9.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for New Jersey Symphony Orchestra?
The Employer Identification Number (EIN) for New Jersey Symphony Orchestra is 221559422. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does New Jersey Symphony Orchestra spend its money?
New Jersey Symphony Orchestra allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify New Jersey Symphony Orchestra's tax-exempt status?
You can verify New Jersey Symphony Orchestra's tax-exempt status using EIN 221559422 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
New Jersey Symphony Orchestra is a arts, culture & humanities nonprofit based in Newark, New Jersey, with reported revenue of $17.6M and assets of $9.3M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 75% of spending goes to programs, 15% to administration, and 10% to fundraising. Executive compensation is not explicitly detailed in the provided filings, with 'c0%' consistently reported, which suggests a lack of transparency regarding specific salary figures for top leadership. Revenue has declined -9% across 14 filing periods.