Friends Of The New Jersey Transportaion Heritage Center Inc
New Jersey Transportation Heritage Center: Strong Asset Base, Inconsistent Revenue
EIN: 223010096 · Phillipsburg, NJ · NTEE: A54 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $179K |
| Total Expenses | $98K |
| Program Spending | 70% |
| CEO/Top Officer Pay | $150,000 |
| Net Assets | $1.1M |
| Transparency Score | 75/100 |
Is Friends Of The New Jersey Transportaion Heritage Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Friends Of The New Jersey Transportaion Heritage Center Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Friends Of The New Jersey Transportaion Heritage Center Inc
Friends Of The New Jersey Transportaion Heritage Center Inc (EIN: 223010096) is a nonprofit organization based in Phillipsburg, NJ, classified under NTEE code A54. The organization reported total revenue of $179K and total assets of $1.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Friends Of The New Jersey Transportaion Heritage Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Friends Of The New Jersey Transportaion Heritage Center Inc is a small nonprofit that has been operating for 10 years, with 15 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -11.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48K |
| Total Expenses | $98K |
| Surplus / Deficit | $-49,461 |
| Total Assets | $1.1M |
| Net Assets | $1.1M |
| Operating Margin | -102.3% |
| Months of Reserves | 137.1 months |
Financial Health Grade: B
In 2023, Friends Of The New Jersey Transportaion Heritage Center Inc reported a deficit of $49K with expenses exceeding revenue, holds 137.1 months of operating reserves (strong position).
Financial Trends
Over 15 years of filings (2010–2023), Friends Of The New Jersey Transportaion Heritage Center Inc's revenue has declined at a compound annual growth rate (CAGR) of -11.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -55.5% | +3.1% | -4.2% |
| 2022 | +39.9% | -19.7% | +1.2% |
| 2021 | +89.2% | +267.9% | -3.4% |
| 2020 | -78.3% | -15.8% | +0.8% |
| 2019 | +42.1% | +23.5% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Friends Of The New Jersey Transportaion Heritage Center Inc with a Mission Score of 75 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, Friends Of The New Jersey Transportaion Heritage Center Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $49K, with expenses exceeding revenue.
Executive Compensation Analysis
Executive compensation is not reported in the available filings, suggesting it is below the $150,000 threshold for individual reporting.
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 Friends Of The New Jersey Transportaion Heritage Center Inc's IRS 990 filings:
- Revenue has been highly volatile over the past several years, ranging from $27,392 in 2016 to $189,344 in 2019, and $48,362 in 2023.
- Expenses have frequently exceeded revenue, as seen in 2023 ($48,362 revenue vs. $97,823 expenses) and 2021 ($77,654 revenue vs. $118,255 expenses).
Strengths
The following positive indicators were identified for Friends Of The New Jersey Transportaion Heritage Center Inc:
- Maintains a substantial asset base, consistently over $1 million, indicating financial stability despite revenue fluctuations.
- Low liability and debt levels (reported as $0 in all available filings) suggest sound financial management.
- Consistent operation for over seven years, demonstrating organizational longevity.
Frequently Asked Questions about Friends Of The New Jersey Transportaion Heritage Center Inc
Is Friends Of The New Jersey Transportaion Heritage Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Friends Of The New Jersey Transportaion Heritage Center Inc (EIN: 223010096) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Friends Of The New Jersey Transportaion Heritage Center Inc spend its money?
Friends Of The New Jersey Transportaion Heritage Center Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Friends Of The New Jersey Transportaion Heritage Center Inc tax-deductible?
Friends Of The New Jersey Transportaion Heritage Center Inc is registered as a tax-exempt nonprofit (EIN: 223010096). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Friends Of The New Jersey Transportaion Heritage Center Inc CEO make?
Friends Of The New Jersey Transportaion Heritage Center Inc's highest-compensated officer earns $150,000 annually. The organization reported $179K in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Friends Of The New Jersey Transportaion Heritage Center Inc's spending goes to programs?
Friends Of The New Jersey Transportaion Heritage Center Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Friends Of The New Jersey Transportaion Heritage Center Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Friends Of The New Jersey Transportaion Heritage Center Inc is above average for NTEE category A54 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Friends Of The New Jersey Transportaion Heritage Center Inc located?
Friends Of The New Jersey Transportaion Heritage Center Inc is headquartered in Phillipsburg, New Jersey and files with the IRS under EIN 223010096. It is classified under NTEE code A54.
How many years of IRS 990 filings does Friends Of The New Jersey Transportaion Heritage Center Inc have?
Friends Of The New Jersey Transportaion Heritage Center Inc has 15 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $179K in total revenue.
What does Friends Of The New Jersey Transportaion Heritage Center Inc do?
Friends Of The New Jersey Transportaion Heritage Center Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Phillipsburg, New Jersey. It is classified under NTEE code A54.
How much revenue does Friends Of The New Jersey Transportaion Heritage Center Inc have?
Friends Of The New Jersey Transportaion Heritage Center Inc reported total revenue of $179,397. Based on 15 IRS 990 filings on record.
What are Friends Of The New Jersey Transportaion Heritage Center Inc's total assets?
Friends Of The New Jersey Transportaion Heritage Center Inc holds total assets of $1,148,538 as reported in IRS 990 filings.
Where is Friends Of The New Jersey Transportaion Heritage Center Inc located?
Friends Of The New Jersey Transportaion Heritage Center Inc is based in Phillipsburg, New Jersey.
What is Friends Of The New Jersey Transportaion Heritage Center Inc's EIN?
Friends Of The New Jersey Transportaion Heritage Center Inc's Employer Identification Number (EIN) is 223010096. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Friends Of The New Jersey Transportaion Heritage Center Inc?
Friends Of The New Jersey Transportaion Heritage Center Inc is classified under NTEE code A54 (Arts, Culture & Humanities).
Is Friends Of The New Jersey Transportaion Heritage Center Inc a registered 501(c)(3)?
Yes, Friends Of The New Jersey Transportaion Heritage Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 223010096.
Does Friends Of The New Jersey Transportaion Heritage Center Inc file IRS Form 990?
Yes, Friends Of The New Jersey Transportaion Heritage Center Inc has 15 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Friends Of The New Jersey Transportaion Heritage Center Inc's revenue in 2023?
In the 202312 filing period, Friends Of The New Jersey Transportaion Heritage Center Inc reported total revenue of $48,362, total expenses of $97,823, and net assets of $1,117,291.
Is Friends Of The New Jersey Transportaion Heritage Center Inc's revenue growing or declining?
Friends Of The New Jersey Transportaion Heritage Center Inc's revenue is declining. Revenue went from $108,616 (202212) to $48,362 (202312), a -55.5% change. Based on 15 filings on record.
What is Friends Of The New Jersey Transportaion Heritage Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Friends Of The New Jersey Transportaion Heritage Center Inc covers tax period 202312. It shows revenue of $48,362, expenses of $97,823, total assets of $1,117,291, and liabilities of N/A.
How much does Friends Of The New Jersey Transportaion Heritage Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Friends Of The New Jersey Transportaion Heritage Center 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 Friends Of The New Jersey Transportaion Heritage Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Friends Of The New Jersey Transportaion Heritage Center Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Friends Of The New Jersey Transportaion Heritage Center Inc?
The following concerns were identified: Revenue has been highly volatile over the past several years, ranging from $27,392 in 2016 to $189,344 in 2019, and $48,362 in 2023.. Expenses have frequently exceeded revenue, as seen in 2023 ($48,362 revenue vs. $97,823 expenses) and 2021 ($77,654 revenue vs. $118,255 expenses).. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Friends Of The New Jersey Transportaion Heritage Center Inc's strengths?
Positive indicators for Friends Of The New Jersey Transportaion Heritage Center Inc include: Maintains a substantial asset base, consistently over $1 million, indicating financial stability despite revenue fluctuations.. Low liability and debt levels (reported as $0 in all available filings) suggest sound financial management.. Consistent operation for over seven years, demonstrating organizational longevity.. These findings are derived from AI analysis of the organization's financial filings.
How does Friends Of The New Jersey Transportaion Heritage Center Inc compensate executives?
Executive compensation is not reported in the available filings, suggesting it is below the $150,000 threshold for individual reporting. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant asset base and inconsistent revenue, what is the primary strategy for long-term financial sustainability?
The organization appears to rely on its substantial asset base to absorb operational deficits during periods of low revenue, but a clear strategy for consistent revenue generation or endowment utilization is not evident from the filings.
How does the organization manage to maintain its operations with such fluctuating and often low revenue figures?
The consistent asset base and minimal liabilities suggest that the organization either has significant non-cash contributions, relies on volunteer efforts, or draws from reserves to cover operational expenses when revenue is insufficient.
Filing History
IRS 990 filing history for Friends Of The New Jersey Transportaion Heritage Center Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2010–2023), Friends Of The New Jersey Transportaion Heritage Center Inc's revenue has declined by 78.9%, moving from $229K to $48K. Total assets increased by 18.8% over the same period, from $940K to $1.1M. Total functional expenses rose by 67.2%, from $59K to $98K. In its most recent filing year (2023), Friends Of The New Jersey Transportaion Heritage Center Inc reported a deficit of $49K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48K | $98K | $1.1M | $0 | — | View 990 |
| 2022 | $109K | $95K | $1.2M | $0 | — | — |
| 2021 | $78K | $118K | $1.2M | $0 | — | View 990 |
| 2020 | $41K | $32K | $1.2M | $0 | — | View 990 |
| 2019 | $189K | $38K | $1.2M | $0 | — | View 990 |
| 2018 | $133K | $31K | $1.0M | $0 | — | View 990 |
| 2017 | $28K | $38K | $931K | $0 | — | View 990 |
| 2016 | $27K | $24K | $941K | $0 | — | View 990 |
| 2015 | $33K | $51K | $938K | $0 | — | View 990 |
| 2014 | $51K | $46K | $956K | $0 | — | — |
| 2014 | $73K | $30K | $951K | $0 | — | — |
| 2013 | $31K | $33K | $908K | $0 | — | — |
| 2012 | $23K | $43K | $910K | $0 | — | — |
| 2011 | $23K | $34K | $930K | $0 | — | — |
| 2010 | $229K | $59K | $940K | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $48K, expenses of $98K, and assets of $1.1M (revenue -55.5% year-over-year).
- 2022: Revenue of $109K, expenses of $95K, and assets of $1.2M (revenue +39.9% year-over-year).
- 2021: Revenue of $78K, expenses of $118K, and assets of $1.2M (revenue +89.2% year-over-year).
- 2020: Revenue of $41K, expenses of $32K, and assets of $1.2M (revenue -78.3% year-over-year).
- 2019: Revenue of $189K, expenses of $38K, and assets of $1.2M (revenue +42.1% year-over-year).
- 2018: Revenue of $133K, expenses of $31K, and assets of $1.0M (revenue +375.6% year-over-year).
- 2017: Revenue of $28K, expenses of $38K, and assets of $931K (revenue +2.3% year-over-year).
- 2016: Revenue of $27K, expenses of $24K, and assets of $941K (revenue -15.8% year-over-year).
- 2015: Revenue of $33K, expenses of $51K, and assets of $938K (revenue -36.2% year-over-year).
- 2014: Revenue of $51K, expenses of $46K, and assets of $956K (revenue -30.4% year-over-year).
- 2014: Revenue of $73K, expenses of $30K, and assets of $951K (revenue +136.6% year-over-year).
- 2013: Revenue of $31K, expenses of $33K, and assets of $908K (revenue +36.0% year-over-year).
- 2012: Revenue of $23K, expenses of $43K, and assets of $910K (revenue -3.0% year-over-year).
- 2011: Revenue of $23K, expenses of $34K, and assets of $930K (revenue -89.8% year-over-year).
- 2010: Revenue of $229K, expenses of $59K, and assets of $940K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Friends Of The New Jersey Transportaion Heritage Center Inc:
Data Sources and Methodology
This transparency report for Friends Of The New Jersey Transportaion Heritage Center 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.