Mid Atlantic Center For The Arts
Mid Atlantic Center For The Arts: Strong Financials, High Program Spending
EIN: 221923415 · Cape May, NJ · NTEE: A610 · Updated: 2026-04-04
About Mid Atlantic Center For The Arts
Mid Atlantic Center For The Arts (EIN: 221923415) is a nonprofit organization based in Cape May, NJ, classified under NTEE code A610. The organization reported total revenue of $5.0M and total assets of $6.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Mid Atlantic Center For The Arts'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 Mid Atlantic Center For The Arts with a Mission Score of 85 out of 100 (Excellent). 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, Mid Atlantic Center For The Arts 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 compensation figures for key employees were provided in the available data.
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 Mid Atlantic Center For The Arts's IRS 990 filings:
- Lack of specific executive compensation details in the provided data makes it difficult to fully evaluate leadership costs.
Strengths
The following positive indicators were identified for Mid Atlantic Center For The Arts:
- Consistently strong revenue generation, with 2023 revenue at $4,377,678.
- Healthy asset growth, reaching $5,801,270 in 2023.
- Program expenses consistently represent a high percentage of total expenses, indicating a focus on mission delivery.
- Positive net assets and low liabilities demonstrate financial stability.
Frequently Asked Questions about Mid Atlantic Center For The Arts
What does Mid Atlantic Center For The Arts do?
Mid Atlantic Center For The Arts is a nonprofit organization in the Arts, Culture & Humanities sector, located in Cape May, New Jersey. It is classified under NTEE code A610.
How much revenue does Mid Atlantic Center For The Arts have?
Mid Atlantic Center For The Arts reported total revenue of $4,959,948. Based on 13 IRS 990 filings on record.
What are Mid Atlantic Center For The Arts's total assets?
Mid Atlantic Center For The Arts holds total assets of $6,735,954 as reported in IRS 990 filings.
Where is Mid Atlantic Center For The Arts located?
Mid Atlantic Center For The Arts is based in Cape May, New Jersey.
What is Mid Atlantic Center For The Arts's EIN?
Mid Atlantic Center For The Arts's Employer Identification Number (EIN) is 221923415. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Mid Atlantic Center For The Arts?
Mid Atlantic Center For The Arts is classified under NTEE code A610 (Arts, Culture & Humanities).
Is Mid Atlantic Center For The Arts a registered 501(c)(3)?
Yes, Mid Atlantic Center For The Arts is recognized as a tax-exempt organization by the IRS. EIN: 221923415.
Does Mid Atlantic Center For The Arts file IRS Form 990?
Yes, Mid Atlantic Center For The Arts has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Mid Atlantic Center For The Arts's revenue in 2023?
In the 202312 filing period, Mid Atlantic Center For The Arts reported total revenue of $4,377,678, total expenses of $3,746,178, and net assets of $5,801,270.
Is Mid Atlantic Center For The Arts's revenue growing or declining?
Mid Atlantic Center For The Arts's revenue is relatively stable. Revenue went from $4,239,186 (202212) to $4,377,678 (202312), a +3.3% change. Based on 13 filings on record.
What is Mid Atlantic Center For The Arts's most recent 990 filing?
The most recent IRS Form 990 filing for Mid Atlantic Center For The Arts covers tax period 202312. It shows revenue of $4,377,678, expenses of $3,746,178, total assets of $5,801,270, and liabilities of $650,112.
How much does Mid Atlantic Center For The Arts spend on programs vs administration?
Based on IRS 990 analysis, Mid Atlantic Center For The Arts allocates approximately 85% of expenses to program services, 10% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Mid Atlantic Center For The Arts a trustworthy charity?
Based on AI analysis of IRS 990 data, Mid Atlantic Center For The Arts appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 4 strengths noted.
What are the red flags for Mid Atlantic Center For The Arts?
The following concerns were identified: Lack of specific executive compensation details in the provided data makes it difficult to fully evaluate leadership costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Mid Atlantic Center For The Arts's strengths?
Positive indicators for Mid Atlantic Center For The Arts include: Consistently strong revenue generation, with 2023 revenue at $4,377,678.. Healthy asset growth, reaching $5,801,270 in 2023.. Program expenses consistently represent a high percentage of total expenses, indicating a focus on mission delivery.. Positive net assets and low liabilities demonstrate financial stability.. These findings are derived from AI analysis of the organization's financial filings.
How does Mid Atlantic Center For The Arts compensate executives?
Executive compensation cannot be assessed as no specific compensation figures for key employees were provided in the available data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to maintain consistent revenue and asset growth despite fluctuations in the broader economic environment?
The organization has demonstrated resilience, with revenues consistently above $4 million in recent years (e.g., $4,377,678 in 2023) and assets steadily increasing, suggesting effective fundraising and financial management strategies.
What factors contributed to the significant increase in assets from $3,681,343 in 2020 to $5,801,270 in 2023?
The substantial asset growth, particularly from 2020 to 2023, indicates successful capital campaigns, investment returns, or significant donations, alongside consistent operational surpluses.
Filing History
IRS 990 filing history for Mid Atlantic Center For The Arts showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Mid Atlantic Center For The Arts's revenue has grown by 41.3%, moving from $3.1M to $4.4M. Total assets increased by 113.8% over the same period, from $2.7M to $5.8M. Total functional expenses rose by 11.7%, from $3.4M to $3.7M. In its most recent filing year (2023), Mid Atlantic Center For The Arts reported a surplus of $632K, with revenue exceeding expenses. The organization holds $650K in liabilities against $5.8M in assets (debt-to-asset ratio: 11.2%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $4.4M | $3.7M | $5.8M | $650K | — | View 990 |
| 2022 | $4.2M | $3.6M | $5.2M | $832K | — | — |
| 2021 | $4.4M | $3.2M | $4.8M | $825K | — | View 990 |
| 2020 | $2.0M | $2.5M | $3.7M | $926K | — | View 990 |
| 2019 | $4.7M | $3.7M | $3.7M | $473K | — | View 990 |
| 2018 | $3.7M | $3.6M | $2.7M | $564K | — | View 990 |
| 2017 | $3.4M | $3.3M | $2.7M | $522K | — | View 990 |
| 2016 | $3.4M | $3.3M | $2.4M | $356K | — | View 990 |
| 2015 | $3.3M | $3.4M | $2.3M | $358K | — | View 990 |
| 2014 | $3.2M | $3.4M | $2.5M | $450K | — | View 990 |
| 2013 | $3.2M | $3.3M | $2.6M | $432K | — | View 990 |
| 2012 | $3.1M | $3.2M | $2.7M | $495K | — | View 990 |
| 2011 | $3.1M | $3.4M | $2.7M | $483K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.4M, expenses of $3.7M, and assets of $5.8M (revenue +3.3% year-over-year).
- 2022: Revenue of $4.2M, expenses of $3.6M, and assets of $5.2M (revenue -3.6% year-over-year).
- 2021: Revenue of $4.4M, expenses of $3.2M, and assets of $4.8M (revenue +119.5% year-over-year).
- 2020: Revenue of $2.0M, expenses of $2.5M, and assets of $3.7M (revenue -57.1% year-over-year).
- 2019: Revenue of $4.7M, expenses of $3.7M, and assets of $3.7M (revenue +27.2% year-over-year).
- 2018: Revenue of $3.7M, expenses of $3.6M, and assets of $2.7M (revenue +6.6% year-over-year).
- 2017: Revenue of $3.4M, expenses of $3.3M, and assets of $2.7M (revenue +2.4% year-over-year).
- 2016: Revenue of $3.4M, expenses of $3.3M, and assets of $2.4M (revenue +2.6% year-over-year).
- 2015: Revenue of $3.3M, expenses of $3.4M, and assets of $2.3M (revenue +2.6% year-over-year).
- 2014: Revenue of $3.2M, expenses of $3.4M, and assets of $2.5M (revenue -1.0% year-over-year).
- 2013: Revenue of $3.2M, expenses of $3.3M, and assets of $2.6M (revenue +4.6% year-over-year).
- 2012: Revenue of $3.1M, expenses of $3.2M, and assets of $2.7M (revenue -0.5% year-over-year).
- 2011: Revenue of $3.1M, expenses of $3.4M, and assets of $2.7M.
Data Sources and Methodology
This transparency report for Mid Atlantic Center For The Arts 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.