Quick charity verification for Newark Museum Association (EIN: 221487275)
Verdict: Newark Museum Association appears trustworthy
85/100Mission Score
$31.4MRevenue
$70.4MAssets
2Red Flags
4Strengths
Red Flags
Significant year-over-year revenue volatility, with a peak of $33,964,570 in 2021 and a low of $11,736,749 in 2020, which could impact long-term financial stability.
Expenses exceeded revenue in multiple years (e.g., 2022: revenue $12,872,611 vs. expenses $25,733,529), suggesting reliance on reserves or other funding sources.
Strengths
Consistently strong asset base, with assets generally above $60 million, indicating robust financial health and capacity.
Low reported liabilities relative to assets, demonstrating a healthy balance sheet.
Consistent operation and filing history over many years, suggesting organizational stability and experience.
Significant total revenue of $31,423,680 and assets of $70,405,406 as of the latest filing, indicating a large and impactful organization.
Spending Breakdown
How Newark Museum Association allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
10%
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 Newark Museum Association
Is Newark Museum Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Newark Museum Association (EIN: 221487275) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
Is Newark Museum Association a good charity to donate to?
Newark Museum Association has a Mission Score of 85/100. Revenue: $31.4M. Assets: $70.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Newark Museum Association?
The Employer Identification Number (EIN) for Newark Museum Association is 221487275. 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 Newark Museum Association spend its money?
Newark Museum Association allocates 80% to programs, 10% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Newark Museum Association's tax-exempt status?
You can verify Newark Museum Association's tax-exempt status using EIN 221487275 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
Newark Museum Association is a arts, culture & humanities nonprofit based in Newark, New Jersey, with reported revenue of $31.4M and assets of $70.4M. Our AI analysis assigns a Mission Score of 85/100 (Excellent). Approximately 80% of spending goes to programs, 10% to administration, and 10% to fundraising. - Financial filings are consistently available, showing detailed revenue, expenses, and assets over several years.
- The organization reports 0% lobbying costs, indicating a focus on direct mission activities rather than political influence.
- Asset and liability figures are clearly disclosed, providing a transparent view of the organization's financial position. Executive compensation cannot be assessed without specific compensation data, as the provided financial filings only include aggregated expense figures (x) and do not break down individual salaries. Revenue has remained stable +4% across 13 filing periods.