Monmouth County Historical Association

Monmouth County Historical Association shows asset growth despite recent operational deficit and no reported officer compensation.

EIN: 216000882 · Freehold, NJ · NTEE: A800 · Updated: 2026-03-28

$1.7MRevenue

$2.3MAssets

85/100Mission Score (Excellent)

A800

About Monmouth County Historical Association

Monmouth County Historical Association (EIN: 216000882) is a nonprofit organization based in Freehold, NJ, classified under NTEE code A800. The organization reported total revenue of $1.7M and total assets of $2.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Monmouth County Historical Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

The Monmouth County Historical Association demonstrates a fluctuating but generally stable financial position, with assets growing significantly from $1,139,611 in 2020 to $1,796,996 in 2023. While the organization experienced a deficit in 2023, with expenses of $983,274 exceeding revenue of $608,603, this follows several years of surpluses, notably in 2021 where revenue of $1,380,727 significantly outpaced expenses of $741,532. The organization's liabilities remain consistently low, indicating good financial management and minimal debt burden. The consistent reporting of 0% officer compensation across all available filings suggests a strong commitment to directing funds towards its mission rather than executive salaries, enhancing its transparency and public trust.

Spending efficiency appears to be a focus, given the absence of reported officer compensation. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The organization's ability to manage its assets and liabilities effectively, coupled with its consistent filing history, points to a well-governed entity. The significant increase in assets over the past few years, despite some operational deficits, suggests successful fundraising or investment strategies contributing to its long-term sustainability.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Monmouth County Historical Association 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: 80%
fundraising: 10%

According to IRS 990 filings, Monmouth County Historical Association allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation from the organization. This is a strong positive for an organization of its size, with revenues ranging from approximately $500,000 to $1.3 million annually, as it suggests a high dedication of resources to its mission.

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 Monmouth County Historical Association's IRS 990 filings:

Operational deficit in 2023 ($608,603 revenue vs. $983,274 expenses)

Strengths

The following positive indicators were identified for Monmouth County Historical Association:

Consistent 0% officer compensation across all filings
Significant asset growth from $1,139,611 in 2020 to $1,796,996 in 2023
Consistently low liabilities, indicating good financial management
Strong revenue performance in previous years (e.g., $1,380,727 in 2021)
Consistent IRS 990 filing history

Frequently Asked Questions about Monmouth County Historical Association

Is Monmouth County Historical Association a good charity?

Based on the available data, the Monmouth County Historical Association appears to be a good charity. It consistently reports 0% officer compensation, indicating a strong commitment to its mission. Its assets have grown significantly, and liabilities are kept low. While it experienced an operational deficit in 2023, this follows years of surpluses, suggesting a generally sound financial management.

How has the organization's financial health changed over time?

The organization's financial health has shown fluctuations. Revenue has varied significantly, from a low of $524,600 in 2020 to a high of $1,380,727 in 2021. Assets have shown a strong upward trend, increasing from $1,139,611 in 2020 to $1,796,996 in 2023, indicating long-term growth. Liabilities have remained consistently low, demonstrating good financial control.

What is the trend in the organization's expenses?

Expenses have generally been stable, ranging from $575,708 in 2020 to $983,274 in 2023. There was a notable increase in expenses in 2023, reaching $983,274, which contributed to the operational deficit for that year.

Filing History

IRS 990 filing history for Monmouth County Historical Association showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Monmouth County Historical Association's revenue has declined by 50.5%, moving from $1.2M to $609K. Total assets decreased by 39.3% over the same period, from $3.0M to $1.8M. Total functional expenses rose by 19.1%, from $826K to $983K. In its most recent filing year (2023), Monmouth County Historical Association reported a deficit of $375K, with expenses exceeding revenue. The organization holds $36K in liabilities against $1.8M in assets (debt-to-asset ratio: 2.0%), resulting in net assets of $1.8M.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2023	$609K	$983K	$1.8M	$36K	—	—
2022	$1.0M	$826K	$2.0M	$31K	—	View 990
2021	$1.4M	$742K	$2.0M	$73K	—	View 990
2020	$525K	$576K	$1.1M	$3K	—	View 990
2019	$1.0M	$839K	$1.2M	$47K	—	View 990
2018	$878K	$887K	$953K	$58K	—	View 990
2017	$726K	$890K	$1.1M	$50K	—	View 990
2016	$706K	$854K	$1.2M	$32K	—	View 990
2015	$753K	$853K	$1.4M	$36K	—	View 990
2014	$826K	$737K	$1.5M	$34K	—	View 990
2013	$819K	$857K	$1.4M	$39K	—	View 990
2012	$612K	$849K	$2.8M	$100K	—	View 990
2011	$1.2M	$826K	$3.0M	$63K	—	View 990

Year-by-Year Financial Summary

2023: Revenue of $609K, expenses of $983K, and assets of $1.8M (revenue -41.3% year-over-year).
2022: Revenue of $1.0M, expenses of $826K, and assets of $2.0M (revenue -25.0% year-over-year).
2021: Revenue of $1.4M, expenses of $742K, and assets of $2.0M (revenue +163.2% year-over-year).
2020: Revenue of $525K, expenses of $576K, and assets of $1.1M (revenue -48.3% year-over-year).
2019: Revenue of $1.0M, expenses of $839K, and assets of $1.2M (revenue +15.5% year-over-year).
2018: Revenue of $878K, expenses of $887K, and assets of $953K (revenue +21.0% year-over-year).
2017: Revenue of $726K, expenses of $890K, and assets of $1.1M (revenue +2.7% year-over-year).
2016: Revenue of $706K, expenses of $854K, and assets of $1.2M (revenue -6.2% year-over-year).
2015: Revenue of $753K, expenses of $853K, and assets of $1.4M (revenue -8.7% year-over-year).
2014: Revenue of $826K, expenses of $737K, and assets of $1.5M (revenue +0.8% year-over-year).
2013: Revenue of $819K, expenses of $857K, and assets of $1.4M (revenue +34.0% year-over-year).
2012: Revenue of $612K, expenses of $849K, and assets of $2.8M (revenue -50.3% year-over-year).
2011: Revenue of $1.2M, expenses of $826K, and assets of $3.0M.

Data Sources and Methodology

This transparency report for Monmouth County Historical Association 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.