Hunterdon Musical Arts Inc
Hunterdon Musical Arts: Consistent Revenue, Tight Margins, and Transparency Gaps
EIN: 222948056 · Flemington, NJ · NTEE: A68 · Updated: 2026-04-04
Is Hunterdon Musical Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Hunterdon Musical Arts Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Hunterdon Musical Arts Inc
Hunterdon Musical Arts Inc (EIN: 222948056) is a nonprofit organization based in Flemington, NJ, classified under NTEE code A68. The organization reported total revenue of $313K and total assets of $119K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hunterdon Musical Arts 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 Hunterdon Musical Arts 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Hunterdon Musical Arts Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Executive compensation cannot be assessed as no specific executive compensation figures were provided in the filings.
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 Hunterdon Musical Arts Inc's IRS 990 filings:
- Expenses frequently exceed revenue, as seen in 2024 ($135,100 expenses vs. $132,641 revenue) and 2023 ($130,147 expenses vs. $132,622 revenue), indicating potential operational deficits.
- Limited asset growth over several years, with assets at $2,480 in 2024 and $5,040 in 2023, suggesting minimal financial reserves.
- Lack of detailed expense categorization (program, admin, fundraising) makes it difficult to fully evaluate financial efficiency.
Strengths
The following positive indicators were identified for Hunterdon Musical Arts Inc:
- Consistent revenue generation over the past several years, demonstrating stable donor or audience support.
- Maintains a low liability profile, with liabilities at $1,411 in recent years, indicating good financial management of debt.
- Long operational history (data back to 2017) suggests resilience and established community presence.
Frequently Asked Questions about Hunterdon Musical Arts Inc
Is Hunterdon Musical Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hunterdon Musical Arts Inc (EIN: 222948056) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Hunterdon Musical Arts Inc spend its money?
Hunterdon Musical Arts Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hunterdon Musical Arts Inc tax-deductible?
Hunterdon Musical Arts Inc is registered as a tax-exempt nonprofit (EIN: 222948056). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Hunterdon Musical Arts Inc do?
Hunterdon Musical Arts Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Flemington, New Jersey. It is classified under NTEE code A68.
How much revenue does Hunterdon Musical Arts Inc have?
Hunterdon Musical Arts Inc reported total revenue of $313,008. Based on 15 IRS 990 filings on record.
What are Hunterdon Musical Arts Inc's total assets?
Hunterdon Musical Arts Inc holds total assets of $119,096 as reported in IRS 990 filings.
Where is Hunterdon Musical Arts Inc located?
Hunterdon Musical Arts Inc is based in Flemington, New Jersey.
What is Hunterdon Musical Arts Inc's EIN?
Hunterdon Musical Arts Inc's Employer Identification Number (EIN) is 222948056. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Hunterdon Musical Arts Inc?
Hunterdon Musical Arts Inc is classified under NTEE code A68 (Arts, Culture & Humanities).
Is Hunterdon Musical Arts Inc a registered 501(c)(3)?
Yes, Hunterdon Musical Arts Inc is recognized as a tax-exempt organization by the IRS. EIN: 222948056.
Does Hunterdon Musical Arts Inc file IRS Form 990?
Yes, Hunterdon Musical Arts Inc has 15 IRS Form 990 filings on record. The most recent covers tax period 202408.
What was Hunterdon Musical Arts Inc's revenue in 2024?
In the 202408 filing period, Hunterdon Musical Arts Inc reported total revenue of $132,641, total expenses of $135,100, and net assets of $2,480.
Is Hunterdon Musical Arts Inc's revenue growing or declining?
Hunterdon Musical Arts Inc's revenue is relatively stable. Revenue went from $132,622 (202308) to $132,641 (202408), a 0.0% change. Based on 15 filings on record.
What is Hunterdon Musical Arts Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Hunterdon Musical Arts Inc covers tax period 202408. It shows revenue of $132,641, expenses of $135,100, total assets of $2,480, and liabilities of $1,411.
How much does Hunterdon Musical Arts Inc spend on programs vs administration?
Based on IRS 990 analysis, Hunterdon Musical Arts Inc allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Hunterdon Musical Arts Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Hunterdon Musical Arts Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Hunterdon Musical Arts Inc?
The following concerns were identified: Expenses frequently exceed revenue, as seen in 2024 ($135,100 expenses vs. $132,641 revenue) and 2023 ($130,147 expenses vs. $132,622 revenue), indicating potential operational deficits.. Limited asset growth over several years, with assets at $2,480 in 2024 and $5,040 in 2023, suggesting minimal financial reserves.. Lack of detailed expense categorization (program, admin, fundraising) makes it difficult to fully evaluate financial efficiency.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Hunterdon Musical Arts Inc's strengths?
Positive indicators for Hunterdon Musical Arts Inc include: Consistent revenue generation over the past several years, demonstrating stable donor or audience support.. Maintains a low liability profile, with liabilities at $1,411 in recent years, indicating good financial management of debt.. Long operational history (data back to 2017) suggests resilience and established community presence.. These findings are derived from AI analysis of the organization's financial filings.
How does Hunterdon Musical Arts Inc compensate executives?
Executive compensation cannot be assessed as no specific executive compensation figures were provided in the filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent trend of expenses often exceeding revenue, what strategies does Hunterdon Musical Arts Inc. employ to ensure long-term financial sustainability?
While the provided data shows expenses frequently surpassing revenue, the organization has maintained operations for many years. This suggests they likely rely on a combination of reserve funds (though assets are low), specific grant funding not fully detailed in top-line revenue, or in-kind contributions to bridge these gaps. A deeper dive into their funding sources beyond total revenue would be necessary.
With assets consistently low, how does the organization manage unexpected financial needs or opportunities for growth?
The consistently low asset base (e.g., $2,480 in 2024) indicates a lean operational model with minimal financial cushion. They likely depend heavily on immediate cash flow from ongoing fundraising and ticket sales, and may need to seek emergency funding or short-term loans for unexpected needs, or rely on volunteer efforts to minimize costs for growth initiatives.
Filing History
IRS 990 filing history for Hunterdon Musical Arts Inc showing financial trends over 15 years of public records:
Over 15 years of IRS 990 filings (2009–2024), Hunterdon Musical Arts Inc's revenue has grown by 123.4%, moving from $59K to $133K. Total assets decreased by 77.5% over the same period, from $11K to $2K. Total functional expenses rose by 133.6%, from $58K to $135K. In its most recent filing year (2024), Hunterdon Musical Arts Inc reported a deficit of $2K, with expenses exceeding revenue. The organization holds $1K in liabilities against $2K in assets (debt-to-asset ratio: 56.9%), resulting in net assets of $1K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $133K | $135K | $2K | $1K | — | — |
| 2023 | $133K | $130K | $5K | $1K | — | — |
| 2022 | $105K | $125K | $3K | $1K | — | View 990 |
| 2021 | $82K | $69K | $21K | $0 | — | View 990 |
| 2020 | $83K | $78K | $8K | $0 | — | View 990 |
| 2019 | $87K | $88K | $4K | $0 | — | View 990 |
| 2018 | $75K | $74K | $4K | $0 | — | View 990 |
| 2017 | $75K | $77K | $3K | $0 | — | View 990 |
| 2016 | $84K | $90K | $4K | $0 | — | View 990 |
| 2014 | $52K | $50K | $3K | $0 | — | View 990 |
| 2013 | $40K | $40K | $578 | $0 | — | View 990 |
| 2012 | $63K | $68K | $1K | $0 | — | View 990 |
| 2011 | $67K | $66K | $6K | $0 | — | View 990 |
| 2010 | $57K | $62K | $5K | $0 | — | View 990 |
| 2009 | $59K | $58K | $11K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $133K, expenses of $135K, and assets of $2K (revenue +0.0% year-over-year).
- 2023: Revenue of $133K, expenses of $130K, and assets of $5K (revenue +26.1% year-over-year).
- 2022: Revenue of $105K, expenses of $125K, and assets of $3K (revenue +28.5% year-over-year).
- 2021: Revenue of $82K, expenses of $69K, and assets of $21K (revenue -1.3% year-over-year).
- 2020: Revenue of $83K, expenses of $78K, and assets of $8K (revenue -4.6% year-over-year).
- 2019: Revenue of $87K, expenses of $88K, and assets of $4K (revenue +15.6% year-over-year).
- 2018: Revenue of $75K, expenses of $74K, and assets of $4K (revenue -0.1% year-over-year).
- 2017: Revenue of $75K, expenses of $77K, and assets of $3K (revenue -10.8% year-over-year).
- 2016: Revenue of $84K, expenses of $90K, and assets of $4K (revenue +62.2% year-over-year).
- 2014: Revenue of $52K, expenses of $50K, and assets of $3K (revenue +31.6% year-over-year).
- 2013: Revenue of $40K, expenses of $40K, and assets of $578 (revenue -37.4% year-over-year).
- 2012: Revenue of $63K, expenses of $68K, and assets of $1K (revenue -5.2% year-over-year).
- 2011: Revenue of $67K, expenses of $66K, and assets of $6K (revenue +17.6% year-over-year).
- 2010: Revenue of $57K, expenses of $62K, and assets of $5K (revenue -4.7% year-over-year).
- 2009: Revenue of $59K, expenses of $58K, and assets of $11K.
Data Sources and Methodology
This transparency report for Hunterdon Musical Arts 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.