Hoboken Historical Museum Inc
Hoboken Historical Museum: Consistent Operations, Modest Reserves
EIN: 222700679 · Hoboken, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $551K |
| Total Expenses | $354K |
| Program Spending | 75% |
| Net Assets | $759K |
| Transparency Score | 75/100 |
Is Hoboken Historical Museum Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hoboken Historical Museum Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hoboken Historical Museum Inc
Hoboken Historical Museum Inc (EIN: 222700679) is a nonprofit organization based in Hoboken, NJ. The organization reported total revenue of $551K and total assets of $953K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hoboken Historical Museum Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hoboken Historical Museum Inc is a small nonprofit that has been operating for 39 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 0.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $342K |
| Total Expenses | $354K |
| Surplus / Deficit | $-11,834 |
| Total Assets | $776K |
| Total Liabilities | $17K |
| Net Assets | $759K |
| Operating Margin | -3.5% |
| Debt-to-Asset Ratio | 2.1% |
| Months of Reserves | 26.3 months |
Financial Health Grade: B
In 2023, Hoboken Historical Museum Inc reported a deficit of $12K with expenses exceeding revenue, holds 26.3 months of operating reserves (strong position), has a debt-to-asset ratio of 2.1% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Hoboken Historical Museum Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -2.3% | +11.3% | +2.3% |
| 2022 | -27.0% | -0.6% | -1.1% |
| 2020 | -100.0% | -100.0% | -100.0% |
| 2019 | -4.7% | -5.2% | +2.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1987 |
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 Hoboken Historical Museum 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: 75%
- fundraising: 10%
According to IRS 990 filings, Hoboken Historical Museum Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $12K, with expenses exceeding revenue.
- Debt-to-asset ratio: 2.1%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, suggesting it is either minimal or not separately reported as a significant expense.
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 Hoboken Historical Museum Inc's IRS 990 filings:
- Revenue has fluctuated, with a notable dip in 2023 to $341,923 from $349,905 in 2022 and $479,508 in 2021.
- The organization reported zero revenue and expenses in 2020, which could indicate a reporting anomaly or a period of dormancy.
Strengths
The following positive indicators were identified for Hoboken Historical Museum Inc:
- Consistently maintains a healthy asset base, with $952,846 in 2023.
- Low liabilities, with only $16,652 reported in 2023, indicating strong financial health.
- Maintains a positive net asset position across all reported years.
Frequently Asked Questions about Hoboken Historical Museum Inc
Is Hoboken Historical Museum Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hoboken Historical Museum Inc (EIN: 222700679) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Hoboken Historical Museum Inc spend its money?
Hoboken Historical Museum Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hoboken Historical Museum Inc tax-deductible?
Hoboken Historical Museum Inc is registered as a tax-exempt nonprofit (EIN: 222700679). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Hoboken Historical Museum Inc's spending goes to programs?
Hoboken Historical Museum Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Hoboken Historical Museum Inc located?
Hoboken Historical Museum Inc is headquartered in Hoboken, New Jersey and files with the IRS under EIN 222700679.
How many years of IRS 990 filings does Hoboken Historical Museum Inc have?
Hoboken Historical Museum Inc has 14 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 $551K in total revenue.
What does Hoboken Historical Museum Inc do?
Hoboken Historical Museum Inc is a nonprofit organization in the Unknown sector, located in Hoboken, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Hoboken Historical Museum Inc have?
Hoboken Historical Museum Inc reported total revenue of $550,644. Based on 14 IRS 990 filings on record.
What are Hoboken Historical Museum Inc's total assets?
Hoboken Historical Museum Inc holds total assets of $952,846 as reported in IRS 990 filings.
Where is Hoboken Historical Museum Inc located?
Hoboken Historical Museum Inc is based in Hoboken, New Jersey.
What is Hoboken Historical Museum Inc's EIN?
Hoboken Historical Museum Inc's Employer Identification Number (EIN) is 222700679. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hoboken Historical Museum Inc?
Hoboken Historical Museum Inc is classified under NTEE code Unknown (Unknown).
Is Hoboken Historical Museum Inc a registered 501(c)(3)?
Hoboken Historical Museum Inc appears in IRS records (EIN: 222700679). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Hoboken Historical Museum Inc file IRS Form 990?
Yes, Hoboken Historical Museum Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Hoboken Historical Museum Inc's revenue in 2023?
In the 202312 filing period, Hoboken Historical Museum Inc reported total revenue of $341,923, total expenses of $353,757, and net assets of $775,995.
Is Hoboken Historical Museum Inc's revenue growing or declining?
Hoboken Historical Museum Inc's revenue is relatively stable. Revenue went from $349,905 (202212) to $341,923 (202312), a -2.3% change. Based on 14 filings on record.
What is Hoboken Historical Museum Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hoboken Historical Museum Inc covers tax period 202312. It shows revenue of $341,923, expenses of $353,757, total assets of $775,995, and liabilities of $16,652.
How much does Hoboken Historical Museum Inc spend on programs vs administration?
Based on IRS 990 analysis, Hoboken Historical Museum Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Hoboken Historical Museum Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hoboken Historical Museum Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Hoboken Historical Museum Inc?
The following concerns were identified: Revenue has fluctuated, with a notable dip in 2023 to $341,923 from $349,905 in 2022 and $479,508 in 2021.. The organization reported zero revenue and expenses in 2020, which could indicate a reporting anomaly or a period of dormancy.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hoboken Historical Museum Inc's strengths?
Positive indicators for Hoboken Historical Museum Inc include: Consistently maintains a healthy asset base, with $952,846 in 2023.. Low liabilities, with only $16,652 reported in 2023, indicating strong financial health.. Maintains a positive net asset position across all reported years.. These findings are derived from AI analysis of the organization's financial filings.
How does Hoboken Historical Museum Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, suggesting it is either minimal or not separately reported as a significant expense. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What caused the significant drop to zero revenue and expenses in 2020, and how did the museum sustain operations during that period?
The data shows zero revenue and expenses for 2020, which is highly unusual for an active organization. This could be a data entry error, a change in reporting methodology, or a temporary cessation of operations not reflected in the asset base. Further investigation into their 2020 filings would be necessary to understand this anomaly.
Given the fluctuating revenue, what strategies does the museum employ to ensure long-term financial stability and growth?
While assets have remained robust, revenue has varied. The museum's ability to maintain a strong asset base ($952,846 in 2023) despite revenue fluctuations suggests effective asset management or reliance on reserves. A deeper dive into their fundraising strategies and endowment management would be beneficial to assess long-term stability.
Filing History
IRS 990 filing history for Hoboken Historical Museum Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Hoboken Historical Museum Inc's revenue has grown by 1.7%, moving from $336K to $342K. Total assets increased by 31.5% over the same period, from $590K to $776K. Total functional expenses rose by 19.2%, from $297K to $354K. In its most recent filing year (2023), Hoboken Historical Museum Inc reported a deficit of $12K, with expenses exceeding revenue. The organization holds $17K in liabilities against $776K in assets (debt-to-asset ratio: 2.1%), resulting in net assets of $759K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $342K | $354K | $776K | $17K | — | — |
| 2022 | $350K | $318K | $759K | $7K | — | View 990 |
| 2021 | $480K | $320K | $767K | $29K | — | View 990 |
| 2020 | $0 | $0 | $1 | $0 | — | View 990 |
| 2019 | $324K | $321K | $530K | $8K | — | View 990 |
| 2018 | $340K | $339K | $520K | $9K | — | View 990 |
| 2017 | $402K | $435K | $526K | $14K | — | View 990 |
| 2016 | $400K | $390K | $574K | $32K | — | View 990 |
| 2015 | $497K | $464K | $548K | $16K | — | View 990 |
| 2014 | $406K | $447K | $496K | $0 | — | View 990 |
| 2013 | $388K | $430K | $537K | $0 | — | View 990 |
| 2012 | $337K | $424K | $579K | $0 | — | View 990 |
| 2011 | $499K | $417K | $665K | $0 | — | View 990 |
| 2010 | $336K | $297K | $590K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $342K, expenses of $354K, and assets of $776K (revenue -2.3% year-over-year).
- 2022: Revenue of $350K, expenses of $318K, and assets of $759K (revenue -27.0% year-over-year).
- 2021: Revenue of $480K, expenses of $320K, and assets of $767K.
- 2020: Revenue of $0, expenses of $0, and assets of $1 (revenue -100.0% year-over-year).
- 2019: Revenue of $324K, expenses of $321K, and assets of $530K (revenue -4.7% year-over-year).
- 2018: Revenue of $340K, expenses of $339K, and assets of $520K (revenue -15.5% year-over-year).
- 2017: Revenue of $402K, expenses of $435K, and assets of $526K (revenue +0.4% year-over-year).
- 2016: Revenue of $400K, expenses of $390K, and assets of $574K (revenue -19.4% year-over-year).
- 2015: Revenue of $497K, expenses of $464K, and assets of $548K (revenue +22.4% year-over-year).
- 2014: Revenue of $406K, expenses of $447K, and assets of $496K (revenue +4.6% year-over-year).
- 2013: Revenue of $388K, expenses of $430K, and assets of $537K (revenue +15.0% year-over-year).
- 2012: Revenue of $337K, expenses of $424K, and assets of $579K (revenue -32.5% year-over-year).
- 2011: Revenue of $499K, expenses of $417K, and assets of $665K (revenue +48.3% year-over-year).
- 2010: Revenue of $336K, expenses of $297K, and assets of $590K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hoboken Historical Museum Inc:
Data Sources and Methodology
This transparency report for Hoboken Historical Museum 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.