Greater Newark Holiday Fund Inc
EIN: 237235898 · Newark, NJ
| Metric | Value |
|---|---|
| Total Revenue | $234K |
| Total Expenses | $259K |
| Net Assets | $74K |
Is Greater Newark Holiday Fund Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Greater Newark Holiday Fund Inc
Greater Newark Holiday Fund Inc (EIN: 237235898) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $234K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Newark Holiday Fund Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Newark Holiday Fund Inc is a small nonprofit that has been operating for 53 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $259K |
| Total Expenses | $259K |
| Surplus / Deficit | +$757 |
| Total Assets | $74K |
| Net Assets | $74K |
| Operating Margin | 0.3% |
| Months of Reserves | 3.4 months |
Financial Health Grade: A
In 2023, Greater Newark Holiday Fund Inc reported a surplus of $757 with revenue exceeding expenses, holds 3.4 months of operating reserves (adequate).
Financial Trends
Over 13 years of filings (2011–2023), Greater Newark Holiday Fund Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -8.3% | -18.3% | +1.0% |
| 2022 | -16.1% | -1.7% | -31.7% |
| 2021 | +7.9% | +1.8% | +16.5% |
| 2020 | +0.7% | +1.6% | -4.0% |
| 2019 | -13.2% | -8.7% | -1.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1973 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Greater Newark Holiday Fund Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Greater Newark Holiday Fund Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $757, with revenue exceeding expenses.
Frequently Asked Questions about Greater Newark Holiday Fund Inc
Is Greater Newark Holiday Fund Inc a legitimate charity?
Greater Newark Holiday Fund Inc (EIN: 237235898) is a registered tax-exempt nonprofit based in New Jersey. It has 13 years of IRS 990 filings on record. Total revenue: $234K. No red flags identified. Financial health grade: A.
How does Greater Newark Holiday Fund Inc spend its money?
Greater Newark Holiday Fund Inc reported $234K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Greater Newark Holiday Fund Inc tax-deductible?
Greater Newark Holiday Fund Inc is registered as a tax-exempt nonprofit (EIN: 237235898). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Greater Newark Holiday Fund Inc located?
Greater Newark Holiday Fund Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 237235898.
How many years of IRS 990 filings does Greater Newark Holiday Fund Inc have?
Greater Newark Holiday Fund Inc has 13 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 $234K in total revenue.
Filing History
IRS 990 filing history for Greater Newark Holiday Fund Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Newark Holiday Fund Inc's revenue has declined by 19.4%, moving from $322K to $259K. Total assets increased by 12.1% over the same period, from $66K to $74K. Total functional expenses fell by 21.2%, from $328K to $259K. In its most recent filing year (2023), Greater Newark Holiday Fund Inc reported a surplus of $757, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $259K | $259K | $74K | $0 | — | — |
| 2022 | $283K | $317K | $73K | $0 | — | View 990 |
| 2021 | $337K | $322K | $107K | $0 | — | View 990 |
| 2020 | $312K | $316K | $92K | $0 | — | View 990 |
| 2019 | $310K | $311K | $95K | $0 | — | View 990 |
| 2018 | $357K | $341K | $96K | $0 | — | View 990 |
| 2017 | $410K | $395K | $80K | $0 | — | View 990 |
| 2016 | $387K | $363K | $66K | $0 | — | View 990 |
| 2015 | $412K | $447K | $42K | $0 | — | View 990 |
| 2014 | $375K | $336K | $77K | $0 | — | View 990 |
| 2013 | $376K | $376K | $38K | $0 | — | View 990 |
| 2012 | $332K | $361K | $37K | $0 | — | View 990 |
| 2011 | $322K | $328K | $66K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $259K, expenses of $259K, and assets of $74K (revenue -8.3% year-over-year).
- 2022: Revenue of $283K, expenses of $317K, and assets of $73K (revenue -16.1% year-over-year).
- 2021: Revenue of $337K, expenses of $322K, and assets of $107K (revenue +7.9% year-over-year).
- 2020: Revenue of $312K, expenses of $316K, and assets of $92K (revenue +0.7% year-over-year).
- 2019: Revenue of $310K, expenses of $311K, and assets of $95K (revenue -13.2% year-over-year).
- 2018: Revenue of $357K, expenses of $341K, and assets of $96K (revenue -12.8% year-over-year).
- 2017: Revenue of $410K, expenses of $395K, and assets of $80K (revenue +5.9% year-over-year).
- 2016: Revenue of $387K, expenses of $363K, and assets of $66K (revenue -6.0% year-over-year).
- 2015: Revenue of $412K, expenses of $447K, and assets of $42K (revenue +9.7% year-over-year).
- 2014: Revenue of $375K, expenses of $336K, and assets of $77K (revenue -0.1% year-over-year).
- 2013: Revenue of $376K, expenses of $376K, and assets of $38K (revenue +13.1% year-over-year).
- 2012: Revenue of $332K, expenses of $361K, and assets of $37K (revenue +3.3% year-over-year).
- 2011: Revenue of $322K, expenses of $328K, and assets of $66K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Newark Holiday Fund Inc:
Data Sources and Methodology
This transparency report for Greater Newark Holiday Fund 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.