Celebrate Perth Amboy Inc
Celebrate Perth Amboy Inc: Financial Volatility & Transparency Concerns
EIN: 222979995 · Perth Amboy, NJ · NTEE: N52 · Updated: 2026-04-04
About Celebrate Perth Amboy Inc
Celebrate Perth Amboy Inc (EIN: 222979995) is a nonprofit organization based in Perth Amboy, NJ, classified under NTEE code N52. The organization reported total revenue of $178K and total assets of $44K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Celebrate Perth Amboy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Celebrate Perth Amboy Inc with a Mission Score of 65 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Celebrate Perth Amboy Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Executive Compensation Analysis
Executive compensation cannot be assessed as no compensation figures (c) were reported in the provided financial data for any year.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Celebrate Perth Amboy Inc's IRS 990 filings:
- Revenue dropped from $158,976 in 2022 to $80,730 in 2023, a substantial decline of nearly 50%.
- The organization reported $0 in revenue for the fiscal year ending 2021, indicating a potential operational pause or reporting anomaly.
- Total expenses ($112,837) exceeded total revenue ($80,730) in 2023, leading to a deficit for the year.
Strengths
The following positive indicators were identified for Celebrate Perth Amboy Inc:
- Despite revenue volatility, the organization has maintained positive net assets in most reported years, indicating some financial resilience.
Frequently Asked Questions about Celebrate Perth Amboy Inc
What does Celebrate Perth Amboy Inc do?
Celebrate Perth Amboy Inc is a nonprofit organization in the Recreation & Sports sector, located in Perth Amboy, New Jersey. It is classified under NTEE code N52.
How much revenue does Celebrate Perth Amboy Inc have?
Celebrate Perth Amboy Inc reported total revenue of $178,203. Based on 12 IRS 990 filings on record.
What are Celebrate Perth Amboy Inc's total assets?
Celebrate Perth Amboy Inc holds total assets of $44,357 as reported in IRS 990 filings.
Where is Celebrate Perth Amboy Inc located?
Celebrate Perth Amboy Inc is based in Perth Amboy, New Jersey.
What is Celebrate Perth Amboy Inc's EIN?
Celebrate Perth Amboy Inc's Employer Identification Number (EIN) is 222979995. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Celebrate Perth Amboy Inc?
Celebrate Perth Amboy Inc is classified under NTEE code N52 (Recreation & Sports).
Is Celebrate Perth Amboy Inc a registered 501(c)(3)?
Yes, Celebrate Perth Amboy Inc is recognized as a tax-exempt organization by the IRS. EIN: 222979995.
Does Celebrate Perth Amboy Inc file IRS Form 990?
Yes, Celebrate Perth Amboy Inc has 12 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Celebrate Perth Amboy Inc's revenue in 2023?
In the 202309 filing period, Celebrate Perth Amboy Inc reported total revenue of $80,730, total expenses of $112,837, and net assets of $52,473.
Is Celebrate Perth Amboy Inc's revenue growing or declining?
Celebrate Perth Amboy Inc's revenue is declining. Revenue went from $158,976 (202209) to $80,730 (202309), a -49.2% change. Based on 12 filings on record.
What is Celebrate Perth Amboy Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Celebrate Perth Amboy Inc covers tax period 202309. It shows revenue of $80,730, expenses of $112,837, total assets of $52,473, and liabilities of $880.
How much does Celebrate Perth Amboy Inc spend on programs vs administration?
Based on IRS 990 analysis, Celebrate Perth Amboy Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Celebrate Perth Amboy Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Celebrate Perth Amboy Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 1 strength noted.
What are the red flags for Celebrate Perth Amboy Inc?
The following concerns were identified: Revenue dropped from $158,976 in 2022 to $80,730 in 2023, a substantial decline of nearly 50%.. The organization reported $0 in revenue for the fiscal year ending 2021, indicating a potential operational pause or reporting anomaly.. Total expenses ($112,837) exceeded total revenue ($80,730) in 2023, leading to a deficit for the year.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Celebrate Perth Amboy Inc's strengths?
Positive indicators for Celebrate Perth Amboy Inc include: Despite revenue volatility, the organization has maintained positive net assets in most reported years, indicating some financial resilience.. These findings are derived from AI analysis of the organization's financial filings.
How does Celebrate Perth Amboy Inc compensate executives?
Executive compensation cannot be assessed as no compensation figures (c) were reported in the provided financial data for any year. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the 'c0%' for compensation across all years, does the organization rely solely on volunteer leadership, or is compensation reported under a different category not provided?
The consistent 'c0%' suggests either an all-volunteer leadership model or that executive compensation is embedded within other expense categories (e.g., 'x' for total expenses) without specific disclosure, which would impact transparency.
What factors contributed to the drastic revenue drop to $0 in 2021 and the subsequent recovery, albeit at a lower level, in 2022 and 2023?
The data provided does not offer specific reasons for the 2021 revenue collapse or the subsequent rebound. This significant event warrants further investigation into operational changes, funding sources, or reporting practices during that period.
Filing History
IRS 990 filing history for Celebrate Perth Amboy Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2009–2023), Celebrate Perth Amboy Inc's revenue has declined by 27.2%, moving from $111K to $81K. Total assets decreased by 14.6% over the same period, from $61K to $52K. Total functional expenses rose by 128%, from $49K to $113K. In its most recent filing year (2023), Celebrate Perth Amboy Inc reported a deficit of $32K, with expenses exceeding revenue. The organization holds $880 in liabilities against $52K in assets (debt-to-asset ratio: 1.7%), resulting in net assets of $52K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $81K | $113K | $52K | $880 | — | View 990 |
| 2022 | $159K | $123K | $85K | $0 | — | View 990 |
| 2021 | $0 | $47K | $49K | $155 | — | View 990 |
| 2020 | $71K | $40K | $96K | $0 | — | View 990 |
| 2019 | $117K | $140K | $65K | $0 | — | View 990 |
| 2018 | $203K | $206K | $88K | $0 | — | View 990 |
| 2017 | $145K | $131K | $101K | $0 | — | View 990 |
| 2016 | $168K | $163K | $87K | $0 | — | View 990 |
| 2014 | $117K | $82K | $45K | $0 | — | View 990 |
| 2013 | $0 | $2K | $9K | $0 | — | View 990 |
| 2012 | $98K | $133K | $11K | $0 | — | View 990 |
| 2009 | $111K | $49K | $61K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $81K, expenses of $113K, and assets of $52K (revenue -49.2% year-over-year).
- 2022: Revenue of $159K, expenses of $123K, and assets of $85K.
- 2021: Revenue of $0, expenses of $47K, and assets of $49K (revenue -100.0% year-over-year).
- 2020: Revenue of $71K, expenses of $40K, and assets of $96K (revenue -39.8% year-over-year).
- 2019: Revenue of $117K, expenses of $140K, and assets of $65K (revenue -42.4% year-over-year).
- 2018: Revenue of $203K, expenses of $206K, and assets of $88K (revenue +40.0% year-over-year).
- 2017: Revenue of $145K, expenses of $131K, and assets of $101K (revenue -13.6% year-over-year).
- 2016: Revenue of $168K, expenses of $163K, and assets of $87K (revenue +43.3% year-over-year).
- 2014: Revenue of $117K, expenses of $82K, and assets of $45K.
- 2013: Revenue of $0, expenses of $2K, and assets of $9K (revenue -100.0% year-over-year).
- 2012: Revenue of $98K, expenses of $133K, and assets of $11K (revenue -12.0% year-over-year).
- 2009: Revenue of $111K, expenses of $49K, and assets of $61K.
Data Sources and Methodology
This transparency report for Celebrate Perth Amboy Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.