Quick charity verification for Newark School Of The Arts Inc (EIN: 221849047)
Verdict: Newark School Of The Arts Inc appears trustworthy
75/100Mission Score
$1.1MRevenue
$968KAssets
3Red Flags
3Strengths
Red Flags
Expenditures consistently exceed revenue in multiple years (e.g., 2024: $1,378,399 expenses vs. $1,076,324 revenue; 2023: $1,192,515 expenses vs. $1,054,156 revenue), leading to a decline in assets.
Reporting $0 compensation for all key personnel is highly unusual and may indicate incomplete reporting or an alternative compensation structure not immediately apparent.
Assets have decreased from $1,431,805 in 2018 to $968,348 in 2024, suggesting a trend of financial decline.
Strengths
Consistent revenue generation over several years, generally above $1 million annually.
Long-standing presence in Newark, NJ, indicating established community roots.
Maintains a significant asset base, despite recent declines.
Spending Breakdown
How Newark School Of The Arts Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
20%
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 School Of The Arts Inc
Is Newark School Of The Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Newark School Of The Arts Inc (EIN: 221849047) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
Is Newark School Of The Arts Inc a good charity to donate to?
Newark School Of The Arts Inc has a Mission Score of 75/100. Revenue: $1.1M. Assets: $968K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Newark School Of The Arts Inc?
The Employer Identification Number (EIN) for Newark School Of The Arts Inc is 221849047. 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 School Of The Arts Inc spend its money?
Newark School Of The Arts Inc allocates 70% to programs, 20% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Newark School Of The Arts Inc's tax-exempt status?
You can verify Newark School Of The Arts Inc's tax-exempt status using EIN 221849047 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 School Of The Arts Inc is a arts, culture & humanities nonprofit based in Newark, New Jersey, with reported revenue of $1.1M and assets of $968K. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 20% to administration, and 10% to fundraising. • The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which is unusual for an organization of its size and revenue. • Financial filings show expenditures frequently exceeding revenue, leading to a decrease in assets over several years. • The provided data lacks detailed breakdowns of program, administrative, and fundraising expenses, making a precise spending analysis challenging. The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which warrants further investigation to understand how leadership is compensated or if services are entirely pro bono. Revenue has grown +16% across 14 filing periods.