Middletown Township Cultural And Ar Ts Council
Middletown Cultural Council shows strong asset growth and volunteer leadership despite recent operating deficit.
EIN: 10588839 · Middletown, NJ · NTEE: A26 · Updated: 2026-03-26
| Metric | Value |
|---|---|
| Total Revenue | $798K |
| Total Expenses | $825K |
| Program Spending | 90% |
| Net Assets | $597K |
| Transparency Score | 85/100 |
Is Middletown Township Cultural And Ar Ts Council Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Middletown Township Cultural And Ar Ts Council directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Middletown Township Cultural And Ar Ts Council
Middletown Township Cultural And Ar Ts Council (EIN: 10588839) is a nonprofit organization based in Middletown, NJ, classified under NTEE code A26. The organization reported total revenue of $798K and total assets of $423K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Middletown Township Cultural And Ar Ts Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Middletown Township Cultural And Ar Ts Council is a small nonprofit that has been operating for 24 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 3.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $701K |
| Total Expenses | $825K |
| Surplus / Deficit | $-123,804 |
| Total Assets | $607K |
| Total Liabilities | $9K |
| Net Assets | $597K |
| Operating Margin | -17.7% |
| Debt-to-Asset Ratio | 1.5% |
| Months of Reserves | 8.8 months |
Financial Health Grade: B
In 2023, Middletown Township Cultural And Ar Ts Council reported a deficit of $124K with expenses exceeding revenue, holds 8.8 months of operating reserves (strong position), has a debt-to-asset ratio of 1.5% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Middletown Township Cultural And Ar Ts Council's revenue has grown at a compound annual growth rate (CAGR) of 3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.2% | +18.5% | -16.0% |
| 2022 | +50.3% | +41.8% | +129.0% |
| 2021 | +235.2% | +57.8% | +292.2% |
| 2020 | -67.7% | -56.1% | -27.5% |
| 2019 | +8.5% | +13.5% | -3.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 Middletown Township Cultural And Ar Ts Council 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Middletown Township Cultural And Ar Ts Council allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 $124K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.5%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, indicating that the organization is run by volunteers and dedicates all its revenue to programs and operational costs rather than executive 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 Middletown Township Cultural And Ar Ts Council's IRS 990 filings:
- Expenses exceeded revenue in the latest filing (202312), indicating an operating deficit of $123,804.
Strengths
The following positive indicators were identified for Middletown Township Cultural And Ar Ts Council:
- Consistent 0% officer compensation, indicating strong volunteer leadership and efficient use of funds.
- Significant growth in assets from $80,354 in 2020 to $606,510 in 2023, demonstrating financial accumulation.
- Strong revenue generation in recent years, with $1,134,753 in 2022 and $754,925 in 2021.
Frequently Asked Questions about Middletown Township Cultural And Ar Ts Council
Is Middletown Township Cultural And Ar Ts Council a legitimate charity?
Based on AI analysis of IRS 990 filings, Middletown Township Cultural And Ar Ts Council (EIN: 10588839) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Middletown Township Cultural And Ar Ts Council spend its money?
Middletown Township Cultural And Ar Ts Council directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Middletown Township Cultural And Ar Ts Council tax-deductible?
Middletown Township Cultural And Ar Ts Council is registered as a tax-exempt nonprofit (EIN: 10588839). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Middletown Township Cultural And Ar Ts Council's spending goes to programs?
Middletown Township Cultural And Ar Ts Council directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Middletown Township Cultural And Ar Ts Council compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Middletown Township Cultural And Ar Ts Council is above average for NTEE category A26 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Middletown Township Cultural And Ar Ts Council located?
Middletown Township Cultural And Ar Ts Council is headquartered in Middletown, New Jersey and files with the IRS under EIN 10588839. It is classified under NTEE code A26.
How many years of IRS 990 filings does Middletown Township Cultural And Ar Ts Council have?
Middletown Township Cultural And Ar Ts Council 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 $798K in total revenue.
Is Middletown Township Cultural And Ar Ts Council a good charity?
Based on the available data, the organization appears to be a good charity. It demonstrates strong volunteer leadership with 0% officer compensation, indicating a high dedication to its mission. Its assets have grown significantly, suggesting financial stability, although the recent operating deficit in 2023 should be monitored.
What caused the significant increase in assets from 2020 to 2022?
Assets increased from $80,354 in 2020 to $721,663 in 2022. This substantial growth was likely driven by strong revenue years in 2021 ($754,925) and 2022 ($1,134,753) coupled with expenses being significantly lower than revenue in those periods ($490,513 in 2021 and $695,525 in 2022), allowing for significant accumulation of reserves.
Why did expenses exceed revenue in 2023?
In 2023, the organization reported revenue of $700,720 and expenses of $824,524, resulting in an operating deficit. This could be due to increased program activities, one-time capital expenditures, or a temporary dip in fundraising, and should be reviewed in future filings to ensure it's not a recurring trend.
Filing History
IRS 990 filing history for Middletown Township Cultural And Ar Ts Council showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Middletown Township Cultural And Ar Ts Council's revenue has grown by 58.4%, moving from $442K to $701K. Total assets increased by 198.1% over the same period, from $203K to $607K. Total functional expenses rose by 81.9%, from $453K to $825K. In its most recent filing year (2023), Middletown Township Cultural And Ar Ts Council reported a deficit of $124K, with expenses exceeding revenue. The organization holds $9K in liabilities against $607K in assets (debt-to-asset ratio: 1.5%), resulting in net assets of $597K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $701K | $825K | $607K | $9K | — | — |
| 2022 | $1.1M | $696K | $722K | $628 | — | View 990 |
| 2021 | $755K | $491K | $315K | $33K | — | View 990 |
| 2020 | $225K | $311K | $80K | $63K | — | View 990 |
| 2019 | $698K | $707K | $111K | $8K | — | View 990 |
| 2018 | $643K | $623K | $115K | $2K | — | View 990 |
| 2017 | $520K | $545K | $95K | $2K | — | View 990 |
| 2016 | $529K | $510K | $120K | $2K | — | View 990 |
| 2015 | $580K | $622K | $102K | $2K | — | View 990 |
| 2014 | $570K | $592K | $160K | $2K | — | View 990 |
| 2013 | $569K | $592K | $188K | $8K | — | View 990 |
| 2012 | $559K | $557K | $205K | $2K | — | View 990 |
| 2011 | $549K | $549K | $203K | $2K | — | View 990 |
| 2010 | $442K | $453K | $203K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $701K, expenses of $825K, and assets of $607K (revenue -38.2% year-over-year).
- 2022: Revenue of $1.1M, expenses of $696K, and assets of $722K (revenue +50.3% year-over-year).
- 2021: Revenue of $755K, expenses of $491K, and assets of $315K (revenue +235.2% year-over-year).
- 2020: Revenue of $225K, expenses of $311K, and assets of $80K (revenue -67.7% year-over-year).
- 2019: Revenue of $698K, expenses of $707K, and assets of $111K (revenue +8.5% year-over-year).
- 2018: Revenue of $643K, expenses of $623K, and assets of $115K (revenue +23.8% year-over-year).
- 2017: Revenue of $520K, expenses of $545K, and assets of $95K (revenue -1.7% year-over-year).
- 2016: Revenue of $529K, expenses of $510K, and assets of $120K (revenue -8.8% year-over-year).
- 2015: Revenue of $580K, expenses of $622K, and assets of $102K (revenue +1.8% year-over-year).
- 2014: Revenue of $570K, expenses of $592K, and assets of $160K (revenue +0.1% year-over-year).
- 2013: Revenue of $569K, expenses of $592K, and assets of $188K (revenue +1.7% year-over-year).
- 2012: Revenue of $559K, expenses of $557K, and assets of $205K (revenue +1.8% year-over-year).
- 2011: Revenue of $549K, expenses of $549K, and assets of $203K (revenue +24.2% year-over-year).
- 2010: Revenue of $442K, expenses of $453K, and assets of $203K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Middletown Township Cultural And Ar Ts Council:
Data Sources and Methodology
This transparency report for Middletown Township Cultural And Ar Ts Council 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.