Lets Celebrate
Lets Celebrate: Declining Revenue, High Fundraising Costs, and Leadership Changes Raise Concerns
EIN: 222400132 · Jersey City, NJ · NTEE: P200 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.0M |
| Total Expenses | $1.1M |
| Program Spending | 65% |
| Net Assets | $255K |
| Transparency Score | 65/100 |
Is Lets Celebrate Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Lets Celebrate directs 65% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Lets Celebrate
Lets Celebrate (EIN: 222400132) is a nonprofit organization based in Jersey City, NJ, classified under NTEE code P200. The organization reported total revenue of $1.0M and total assets of $340K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Lets Celebrate's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Lets Celebrate is a mid-size nonprofit that has been operating for 43 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $940K |
| Total Expenses | $1.1M |
| Surplus / Deficit | $-141,572 |
| Total Assets | $338K |
| Total Liabilities | $83K |
| Net Assets | $255K |
| Operating Margin | -15.1% |
| Debt-to-Asset Ratio | 24.6% |
| Months of Reserves | 3.8 months |
Financial Health Grade: B
In 2023, Lets Celebrate reported a deficit of $142K with expenses exceeding revenue, holds 3.8 months of operating reserves (adequate), has a debt-to-asset ratio of 24.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2010–2023), Lets Celebrate's revenue has declined at a compound annual growth rate (CAGR) of -7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -24.0% | -8.5% | -32.1% |
| 2022 | -12.4% | -3.5% | +30.1% |
| 2021 | +12.6% | +5.0% | +79.8% |
| 2020 | +5.5% | -2.4% | -11.4% |
| 2019 | -4.3% | +0.1% | -18.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1983 |
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 Lets Celebrate 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: 65%
- fundraising: 20%
According to IRS 990 filings, Lets Celebrate allocates its expenses as follows: admin: 15%, programs: 65%, fundraising: 20%. Approximately 65% 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 $142K, with expenses exceeding revenue.
- Debt-to-asset ratio: 24.6%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided 990-EZ data, making a precise assessment difficult without further information on specific salaries.
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 Lets Celebrate's IRS 990 filings:
- Revenue has consistently declined from $1,411,987 in 2021 to $939,664 in 2023, indicating a significant downward trend.
- Fundraising expenses are high, with $83,156 reported in 2023 on a revenue of $939,664, representing approximately 8.8% of revenue.
- The organization reported a net loss in 2023 ($1,081,236 expenses vs. $939,664 revenue), continuing a trend of expenses exceeding revenue in multiple years.
- The organization's assets have decreased from $498,549 in 2022 to $338,306 in 2023.
Strengths
The following positive indicators were identified for Lets Celebrate:
- Despite financial challenges, the organization has maintained operations for several years, demonstrating resilience.
- The organization consistently reports 0% lobbying expenses, indicating a focus on direct mission activities.
Frequently Asked Questions about Lets Celebrate
Is Lets Celebrate a legitimate charity?
Lets Celebrate (EIN: 222400132) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 65/100. It has 14 years of IRS 990 filings on record. Total revenue: $1.0M. 4 red flags identified. 2 strengths noted. Financial health grade: B.
How does Lets Celebrate spend its money?
Lets Celebrate directs 65% of its spending to programs and services. Fundraising costs 20%. This meets the 65% industry benchmark.
Are donations to Lets Celebrate tax-deductible?
Lets Celebrate is registered as a tax-exempt nonprofit (EIN: 222400132). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Lets Celebrate's spending goes to programs?
Lets Celebrate directs 65% to programs, 20% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Lets Celebrate compare to similar nonprofits?
With a transparency score of 65/100 (Good), Lets Celebrate is above average for NTEE category P200 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Lets Celebrate located?
Lets Celebrate is headquartered in Jersey City, New Jersey and files with the IRS under EIN 222400132. It is classified under NTEE code P200.
How many years of IRS 990 filings does Lets Celebrate have?
Lets Celebrate 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 $1.0M in total revenue.
What does Lets Celebrate do?
Lets Celebrate is a nonprofit organization in the Human Services sector, located in Jersey City, New Jersey. It is classified under NTEE code P200.
How much revenue does Lets Celebrate have?
Lets Celebrate reported total revenue of $1,023,797. Based on 14 IRS 990 filings on record.
What are Lets Celebrate's total assets?
Lets Celebrate holds total assets of $339,660 as reported in IRS 990 filings.
Where is Lets Celebrate located?
Lets Celebrate is based in Jersey City, New Jersey.
What is Lets Celebrate's EIN?
Lets Celebrate's Employer Identification Number (EIN) is 222400132. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Lets Celebrate?
Lets Celebrate is classified under NTEE code P200 (Human Services).
Is Lets Celebrate a registered 501(c)(3)?
Yes, Lets Celebrate is recognized as a tax-exempt organization by the IRS. EIN: 222400132.
Does Lets Celebrate file IRS Form 990?
Yes, Lets Celebrate has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Lets Celebrate's revenue in 2023?
In the 202312 filing period, Lets Celebrate reported total revenue of $939,664, total expenses of $1,081,236, and net assets of $338,306.
Is Lets Celebrate's revenue growing or declining?
Lets Celebrate's revenue is declining. Revenue went from $1,236,733 (202212) to $939,664 (202312), a -24.0% change. Based on 14 filings on record.
What is Lets Celebrate's most recent 990 filing?
The most recent IRS Form 990 filing for Lets Celebrate covers tax period 202312. It shows revenue of $939,664, expenses of $1,081,236, total assets of $338,306, and liabilities of $83,156.
How much does Lets Celebrate spend on programs vs administration?
Based on IRS 990 analysis, Lets Celebrate allocates approximately 65% of expenses to program services, 15% to administrative costs, and 20% to fundraising. Program spending is moderate relative to overhead.
Is Lets Celebrate a trustworthy charity?
Based on AI analysis of IRS 990 data, Lets Celebrate shows mixed signals. Mission Score: 65/100 (Good). 4 red flags identified. 2 strengths noted.
What are the red flags for Lets Celebrate?
The following concerns were identified: Revenue has consistently declined from $1,411,987 in 2021 to $939,664 in 2023, indicating a significant downward trend.. Fundraising expenses are high, with $83,156 reported in 2023 on a revenue of $939,664, representing approximately 8.8% of revenue.. The organization reported a net loss in 2023 ($1,081,236 expenses vs. $939,664 revenue), continuing a trend of expenses exceeding revenue in multiple years.. The organization's assets have decreased from $498,549 in 2022 to $338,306 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Lets Celebrate's strengths?
Positive indicators for Lets Celebrate include: Despite financial challenges, the organization has maintained operations for several years, demonstrating resilience.. The organization consistently reports 0% lobbying expenses, indicating a focus on direct mission activities.. These findings are derived from AI analysis of the organization's financial filings.
How does Lets Celebrate compensate executives?
Executive compensation is not explicitly detailed in the provided 990-EZ data, making a precise assessment difficult without further information on specific salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in revenue and increasing fundraising costs, what specific strategies are being implemented to reverse these trends and ensure long-term financial sustainability?
The provided data does not detail specific strategies for revenue generation or cost control, which would be crucial for understanding the organization's plan to address its financial challenges.
How does the organization justify its fundraising expenditure of $83,156 in 2023, especially when revenue is declining and expenses frequently exceed income?
Without further narrative from the organization, it's unclear how they rationalize these costs in the context of their financial performance. This level of fundraising expense could be seen as inefficient given the outcomes.
Filing History
IRS 990 filing history for Lets Celebrate showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Lets Celebrate's revenue has declined by 61.1%, moving from $2.4M to $940K. Total assets decreased by 52.4% over the same period, from $710K to $338K. Total functional expenses fell by 54.1%, from $2.4M to $1.1M. In its most recent filing year (2023), Lets Celebrate reported a deficit of $142K, with expenses exceeding revenue. The organization holds $83K in liabilities against $338K in assets (debt-to-asset ratio: 24.6%), resulting in net assets of $255K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $940K | $1.1M | $338K | $83K | — | — |
| 2022 | $1.2M | $1.2M | $499K | $161K | — | View 990 |
| 2021 | $1.4M | $1.2M | $383K | $137K | — | View 990 |
| 2020 | $1.3M | $1.2M | $213K | $151K | — | View 990 |
| 2019 | $1.2M | $1.2M | $240K | $267K | — | View 990 |
| 2018 | $1.2M | $1.2M | $296K | $312K | — | View 990 |
| 2017 | $1.1M | $1.2M | $399K | $463K | — | View 990 |
| 2016 | $1.0M | $1.2M | $379K | $414K | — | View 990 |
| 2015 | $1.0M | $1.1M | $357K | $342K | — | View 990 |
| 2014 | $1.2M | $1.3M | $441K | $356K | — | View 990 |
| 2013 | $1.3M | $1.4M | $431K | $385K | — | View 990 |
| 2012 | $1.5M | $1.4M | $567K | $420K | — | View 990 |
| 2011 | $1.8M | $1.8M | $559K | $434K | — | View 990 |
| 2010 | $2.4M | $2.4M | $710K | $527K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $940K, expenses of $1.1M, and assets of $338K (revenue -24.0% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.2M, and assets of $499K (revenue -12.4% year-over-year).
- 2021: Revenue of $1.4M, expenses of $1.2M, and assets of $383K (revenue +12.6% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.2M, and assets of $213K (revenue +5.5% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $240K (revenue -4.3% year-over-year).
- 2018: Revenue of $1.2M, expenses of $1.2M, and assets of $296K (revenue +8.7% year-over-year).
- 2017: Revenue of $1.1M, expenses of $1.2M, and assets of $399K (revenue +9.1% year-over-year).
- 2016: Revenue of $1.0M, expenses of $1.2M, and assets of $379K (revenue +4.3% year-over-year).
- 2015: Revenue of $1.0M, expenses of $1.1M, and assets of $357K (revenue -18.1% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.3M, and assets of $441K (revenue -3.7% year-over-year).
- 2013: Revenue of $1.3M, expenses of $1.4M, and assets of $431K (revenue -12.2% year-over-year).
- 2012: Revenue of $1.5M, expenses of $1.4M, and assets of $567K (revenue -17.2% year-over-year).
- 2011: Revenue of $1.8M, expenses of $1.8M, and assets of $559K (revenue -27.6% year-over-year).
- 2010: Revenue of $2.4M, expenses of $2.4M, and assets of $710K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Lets Celebrate:
Data Sources and Methodology
This transparency report for Lets Celebrate 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.