New Jersey Historical Society
New Jersey Historical Society: Navigating Financial Fluctuations with Strong Asset Base
EIN: 221506302 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $334K |
| Total Expenses | $470K |
| Program Spending | 70% |
| Net Assets | $5.2M |
| Transparency Score | 75/100 |
Is New Jersey Historical Society Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Historical Society directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About New Jersey Historical Society
New Jersey Historical Society (EIN: 221506302) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $334K and total assets of $5.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Historical Society's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Historical Society is a small nonprofit that has been operating for 100 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $321K |
| Total Expenses | $470K |
| Surplus / Deficit | $-149,077 |
| Total Assets | $5.3M |
| Total Liabilities | $39K |
| Net Assets | $5.2M |
| Operating Margin | -46.4% |
| Debt-to-Asset Ratio | 0.7% |
| Months of Reserves | 134.0 months |
Financial Health Grade: B
In 2023, New Jersey Historical Society reported a deficit of $149K with expenses exceeding revenue, holds 134.0 months of operating reserves (strong position), has a debt-to-asset ratio of 0.7% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), New Jersey Historical Society's revenue has declined at a compound annual growth rate (CAGR) of -8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.1% | -50.6% | +2.6% |
| 2022 | -29.6% | +131.6% | -10.1% |
| 2021 | -65.6% | -0.1% | +4.6% |
| 2020 | +472.1% | -10.6% | +30.5% |
| 2019 | -22.3% | -6.2% | -2.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1926 |
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 New Jersey Historical Society 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: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, New Jersey Historical Society allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% 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 $149K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.7%.
Executive Compensation Analysis
Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary financial 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 New Jersey Historical Society's IRS 990 filings:
- Significant fluctuations in revenue, from a high of $1,559,161 in 2020 to a low of $272,545 in 2019, suggest potential instability in funding sources.
- Expenses have at times exceeded revenue, such as in 2022 where expenses were $951,647 against revenue of $378,107, indicating reliance on reserves or other funding to cover operational costs.
Strengths
The following positive indicators were identified for New Jersey Historical Society:
- Maintains a strong asset base, consistently above $4 million, providing financial stability and capacity for future operations.
- Demonstrated ability to manage varying revenue streams over time, adapting to significant changes in annual income.
- Low liabilities relative to assets, indicating a healthy balance sheet and minimal debt burden.
Frequently Asked Questions about New Jersey Historical Society
Is New Jersey Historical Society a legitimate charity?
New Jersey Historical Society (EIN: 221506302) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 12 years of IRS 990 filings on record. Total revenue: $334K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does New Jersey Historical Society spend its money?
New Jersey Historical Society directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to New Jersey Historical Society tax-deductible?
New Jersey Historical Society is registered as a tax-exempt nonprofit (EIN: 221506302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey Historical Society's spending goes to programs?
New Jersey Historical Society directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is New Jersey Historical Society located?
New Jersey Historical Society is headquartered in Newark, New Jersey and files with the IRS under EIN 221506302.
How many years of IRS 990 filings does New Jersey Historical Society have?
New Jersey Historical Society has 12 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 $334K in total revenue.
What does New Jersey Historical Society do?
New Jersey Historical Society is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does New Jersey Historical Society have?
New Jersey Historical Society reported total revenue of $333,862. Based on 12 IRS 990 filings on record.
What are New Jersey Historical Society's total assets?
New Jersey Historical Society holds total assets of $5,348,111 as reported in IRS 990 filings.
Where is New Jersey Historical Society located?
New Jersey Historical Society is based in Newark, New Jersey.
What is New Jersey Historical Society's EIN?
New Jersey Historical Society's Employer Identification Number (EIN) is 221506302. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Historical Society?
New Jersey Historical Society is classified under NTEE code Unknown (Unknown).
Is New Jersey Historical Society a registered 501(c)(3)?
New Jersey Historical Society appears in IRS records (EIN: 221506302). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does New Jersey Historical Society file IRS Form 990?
Yes, New Jersey Historical Society has 12 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was New Jersey Historical Society's revenue in 2023?
In the 202312 filing period, New Jersey Historical Society reported total revenue of $321,083, total expenses of $470,160, and net assets of $5,251,574.
Is New Jersey Historical Society's revenue growing or declining?
New Jersey Historical Society's revenue is declining. Revenue went from $378,107 (202212) to $321,083 (202312), a -15.1% change. Based on 12 filings on record.
What is New Jersey Historical Society's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Historical Society covers tax period 202312. It shows revenue of $321,083, expenses of $470,160, total assets of $5,251,574, and liabilities of $38,830.
How much does New Jersey Historical Society spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Historical Society allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is New Jersey Historical Society a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Historical Society appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for New Jersey Historical Society?
The following concerns were identified: Significant fluctuations in revenue, from a high of $1,559,161 in 2020 to a low of $272,545 in 2019, suggest potential instability in funding sources.. Expenses have at times exceeded revenue, such as in 2022 where expenses were $951,647 against revenue of $378,107, indicating reliance on reserves or other funding to cover operational costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Historical Society's strengths?
Positive indicators for New Jersey Historical Society include: Maintains a strong asset base, consistently above $4 million, providing financial stability and capacity for future operations.. Demonstrated ability to manage varying revenue streams over time, adapting to significant changes in annual income.. Low liabilities relative to assets, indicating a healthy balance sheet and minimal debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Historical Society compensate executives?
Executive compensation cannot be assessed from the provided data, as specific figures for individual salaries are not included in the summary financial filings. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is New Jersey Historical Society?
• Financial filings are publicly available, providing a basic level of transparency. • Detailed program spending breakdowns are not immediately apparent from the provided data, limiting granular insight. • The organization consistently reports 0% lobbying costs, indicating no direct political advocacy. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
What factors contributed to the substantial revenue spike in 2020 and the subsequent decline?
The data shows a significant revenue increase to $1,559,161 in 2020, followed by a drop to $536,735 in 2021 and further to $378,107 in 2022. Understanding the specific grants, donations, or events that led to this peak and subsequent normalization would provide insight into the organization's fundraising strategies and potential one-time funding sources.
How does the organization manage its expenses during periods of significantly lower revenue, such as in 2022?
In 2022, the organization reported expenses of $951,647 against revenue of $378,107. This suggests a reliance on accumulated assets or other non-revenue income to cover operational costs. A deeper understanding of their financial planning and expense management strategies during such periods is crucial for assessing long-term sustainability.
Filing History
IRS 990 filing history for New Jersey Historical Society showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), New Jersey Historical Society's revenue has declined by 64.5%, moving from $905K to $321K. Total assets decreased by 2.1% over the same period, from $5.4M to $5.3M. Total functional expenses fell by 21.6%, from $600K to $470K. In its most recent filing year (2023), New Jersey Historical Society reported a deficit of $149K, with expenses exceeding revenue. The organization holds $39K in liabilities against $5.3M in assets (debt-to-asset ratio: 0.7%), resulting in net assets of $5.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $321K | $470K | $5.3M | $39K | — | — |
| 2022 | $378K | $952K | $5.1M | $19K | — | View 990 |
| 2021 | $537K | $411K | $5.7M | $20K | — | View 990 |
| 2020 | $1.6M | $411K | $5.4M | $47K | — | View 990 |
| 2019 | $273K | $460K | $4.2M | $57K | — | View 990 |
| 2018 | $351K | $490K | $4.3M | $94K | — | View 990 |
| 2017 | $320K | $451K | $4.5M | $89K | — | View 990 |
| 2016 | $381K | $490K | $4.6M | $131K | — | View 990 |
| 2015 | $310K | $473K | $4.6M | $126K | — | View 990 |
| 2014 | $452K | $459K | $4.9M | $174K | — | View 990 |
| 2012 | $356K | $490K | $5.1M | $163K | — | View 990 |
| 2011 | $905K | $600K | $5.4M | $295K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $321K, expenses of $470K, and assets of $5.3M (revenue -15.1% year-over-year).
- 2022: Revenue of $378K, expenses of $952K, and assets of $5.1M (revenue -29.6% year-over-year).
- 2021: Revenue of $537K, expenses of $411K, and assets of $5.7M (revenue -65.6% year-over-year).
- 2020: Revenue of $1.6M, expenses of $411K, and assets of $5.4M (revenue +472.1% year-over-year).
- 2019: Revenue of $273K, expenses of $460K, and assets of $4.2M (revenue -22.3% year-over-year).
- 2018: Revenue of $351K, expenses of $490K, and assets of $4.3M (revenue +9.6% year-over-year).
- 2017: Revenue of $320K, expenses of $451K, and assets of $4.5M (revenue -15.9% year-over-year).
- 2016: Revenue of $381K, expenses of $490K, and assets of $4.6M (revenue +22.7% year-over-year).
- 2015: Revenue of $310K, expenses of $473K, and assets of $4.6M (revenue -31.3% year-over-year).
- 2014: Revenue of $452K, expenses of $459K, and assets of $4.9M (revenue +26.7% year-over-year).
- 2012: Revenue of $356K, expenses of $490K, and assets of $5.1M (revenue -60.6% year-over-year).
- 2011: Revenue of $905K, expenses of $600K, and assets of $5.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Historical Society:
Data Sources and Methodology
This transparency report for New Jersey Historical Society 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.