New Jersey Symphony Orchestra
New Jersey Symphony Orchestra: Navigating Financial Fluctuations with Strong Program Focus
EIN: 221559422 · Newark, NJ · NTEE: A690 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $17.6M |
| Total Expenses | $16.7M |
| Program Spending | 75% |
| Net Assets | $7.0M |
| Transparency Score | 85/100 |
Is New Jersey Symphony Orchestra Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
New Jersey Symphony Orchestra directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About New Jersey Symphony Orchestra
New Jersey Symphony Orchestra (EIN: 221559422) is a nonprofit organization based in Newark, NJ, classified under NTEE code A690. The organization reported total revenue of $17.6M and total assets of $9.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Jersey Symphony Orchestra's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Jersey Symphony Orchestra is a large nonprofit that has been operating for 82 years, with 14 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $14.0M |
| Total Expenses | $16.7M |
| Surplus / Deficit | $-2,692,524 |
| Total Assets | $9.8M |
| Total Liabilities | $2.9M |
| Net Assets | $7.0M |
| Operating Margin | -19.2% |
| Debt-to-Asset Ratio | 29.3% |
| Months of Reserves | 7.1 months |
Financial Health Grade: B
In 2023, New Jersey Symphony Orchestra reported a deficit of $2.7M with expenses exceeding revenue, holds 7.1 months of operating reserves (strong position), has a debt-to-asset ratio of 29.3% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2023), New Jersey Symphony Orchestra's revenue has declined at a compound annual growth rate (CAGR) of -0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +8.6% | +22.1% | -22.1% |
| 2022 | -2.4% | +40.3% | -17.4% |
| 2021 | +1807.0% | +631.4% | +37.3% |
| 2020 | -93.7% | -89.2% | -8.6% |
| 2020 | -14.9% | -12.7% | -5.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1944 |
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 Symphony Orchestra 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: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, New Jersey Symphony Orchestra allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% 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 $2.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 29.3%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided filings, with 'c0%' consistently reported, which suggests a lack of transparency regarding specific salary figures for top leadership.
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 Symphony Orchestra's IRS 990 filings:
- Expenses ($16,716,189 in 2023) consistently exceed revenue ($14,023,665 in 2023), indicating reliance on reserves or other funding sources.
- The 'c0%' for compensation across all years raises questions about the transparency of executive and key employee remuneration.
Strengths
The following positive indicators were identified for New Jersey Symphony Orchestra:
- Significant asset base ($9,843,861 in 2023) provides financial stability despite operational deficits.
- Consistent revenue generation over multiple years, with a notable rebound in 2023.
- Strong program focus implied by the high mission score and general nature of a symphony orchestra.
Frequently Asked Questions about New Jersey Symphony Orchestra
Is New Jersey Symphony Orchestra a legitimate charity?
Based on AI analysis of IRS 990 filings, New Jersey Symphony Orchestra (EIN: 221559422) some concerns. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
How does New Jersey Symphony Orchestra spend its money?
New Jersey Symphony Orchestra directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to New Jersey Symphony Orchestra tax-deductible?
New Jersey Symphony Orchestra is registered as a tax-exempt nonprofit (EIN: 221559422). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of New Jersey Symphony Orchestra's spending goes to programs?
New Jersey Symphony Orchestra directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does New Jersey Symphony Orchestra compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), New Jersey Symphony Orchestra is above average for NTEE category A690 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is New Jersey Symphony Orchestra located?
New Jersey Symphony Orchestra is headquartered in Newark, New Jersey and files with the IRS under EIN 221559422. It is classified under NTEE code A690.
How many years of IRS 990 filings does New Jersey Symphony Orchestra have?
New Jersey Symphony Orchestra 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 $17.6M in total revenue.
What does New Jersey Symphony Orchestra do?
New Jersey Symphony Orchestra is a nonprofit organization in the Arts, Culture & Humanities sector, located in Newark, New Jersey. It is classified under NTEE code A690.
How much revenue does New Jersey Symphony Orchestra have?
New Jersey Symphony Orchestra reported total revenue of $17,618,565. Based on 14 IRS 990 filings on record.
What are New Jersey Symphony Orchestra's total assets?
New Jersey Symphony Orchestra holds total assets of $9,327,224 as reported in IRS 990 filings.
Where is New Jersey Symphony Orchestra located?
New Jersey Symphony Orchestra is based in Newark, New Jersey.
What is New Jersey Symphony Orchestra's EIN?
New Jersey Symphony Orchestra's Employer Identification Number (EIN) is 221559422. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is New Jersey Symphony Orchestra?
New Jersey Symphony Orchestra is classified under NTEE code A690 (Arts, Culture & Humanities).
Is New Jersey Symphony Orchestra a registered 501(c)(3)?
Yes, New Jersey Symphony Orchestra is recognized as a tax-exempt organization by the IRS. EIN: 221559422.
Does New Jersey Symphony Orchestra file IRS Form 990?
Yes, New Jersey Symphony Orchestra has 14 IRS Form 990 filings on record. The most recent covers tax period 202308.
What was New Jersey Symphony Orchestra's revenue in 2023?
In the 202308 filing period, New Jersey Symphony Orchestra reported total revenue of $14,023,665, total expenses of $16,716,189, and net assets of $9,843,861.
Is New Jersey Symphony Orchestra's revenue growing or declining?
New Jersey Symphony Orchestra's revenue is growing. Revenue went from $12,910,552 (202208) to $14,023,665 (202308), a +8.6% change. Based on 14 filings on record.
What is New Jersey Symphony Orchestra's most recent 990 filing?
The most recent IRS Form 990 filing for New Jersey Symphony Orchestra covers tax period 202308. It shows revenue of $14,023,665, expenses of $16,716,189, total assets of $9,843,861, and liabilities of $2,881,479.
How much does New Jersey Symphony Orchestra spend on programs vs administration?
Based on IRS 990 analysis, New Jersey Symphony Orchestra allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is New Jersey Symphony Orchestra a trustworthy charity?
Based on AI analysis of IRS 990 data, New Jersey Symphony Orchestra appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for New Jersey Symphony Orchestra?
The following concerns were identified: Expenses ($16,716,189 in 2023) consistently exceed revenue ($14,023,665 in 2023), indicating reliance on reserves or other funding sources.. The 'c0%' for compensation across all years raises questions about the transparency of executive and key employee remuneration.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are New Jersey Symphony Orchestra's strengths?
Positive indicators for New Jersey Symphony Orchestra include: Significant asset base ($9,843,861 in 2023) provides financial stability despite operational deficits.. Consistent revenue generation over multiple years, with a notable rebound in 2023.. Strong program focus implied by the high mission score and general nature of a symphony orchestra.. These findings are derived from AI analysis of the organization's financial filings.
How does New Jersey Symphony Orchestra compensate executives?
Executive compensation is not explicitly detailed in the provided filings, with 'c0%' consistently reported, which suggests a lack of transparency regarding specific salary figures for top leadership. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the New Jersey Symphony Orchestra manage to sustain operations with consistent annual deficits, and what are the primary sources covering these shortfalls?
The organization likely covers its operational deficits through its substantial asset base, which was $9,843,861 in 2023, or through unrestricted contributions and investment income not fully detailed in the provided revenue figures.
Given the 'c0%' compensation reported, how does the New Jersey Symphony Orchestra attract and retain top talent for its leadership and artistic roles?
The 'c0%' likely indicates that specific compensation details are not itemized in the provided summary, or that key personnel are compensated through other means not captured in this specific field, suggesting a need for more granular disclosure to understand talent acquisition strategies.
Filing History
IRS 990 filing history for New Jersey Symphony Orchestra showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2023), New Jersey Symphony Orchestra's revenue has declined by 9%, moving from $15.4M to $14.0M. Total assets decreased by 44% over the same period, from $17.6M to $9.8M. Total functional expenses rose by 33.5%, from $12.5M to $16.7M. In its most recent filing year (2023), New Jersey Symphony Orchestra reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $9.8M in assets (debt-to-asset ratio: 29.3%), resulting in net assets of $7.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $14.0M | $16.7M | $9.8M | $2.9M | — | View 990 |
| 2022 | $12.9M | $13.7M | $12.6M | $2.9M | — | View 990 |
| 2021 | $13.2M | $9.8M | $15.3M | $4.0M | — | View 990 |
| 2020 | $693K | $1.3M | $11.1M | $3.4M | — | View 990 |
| 2020 | $11.0M | $12.4M | $12.2M | $3.8M | — | View 990 |
| 2019 | $12.9M | $14.2M | $12.9M | $3.0M | — | View 990 |
| 2018 | $14.1M | $13.4M | $14.8M | $3.5M | — | View 990 |
| 2017 | $10.7M | $12.3M | $13.5M | $2.8M | — | View 990 |
| 2016 | $11.7M | $12.1M | $15.3M | $3.0M | — | View 990 |
| 2015 | $11.9M | $12.5M | $16.7M | $2.9M | — | View 990 |
| 2014 | $13.2M | $12.6M | $17.2M | $2.9M | — | View 990 |
| 2013 | $10.6M | $12.5M | $15.4M | $2.9M | — | View 990 |
| 2012 | $10.9M | $12.9M | $16.3M | $3.2M | — | View 990 |
| 2011 | $15.4M | $12.5M | $17.6M | $3.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $14.0M, expenses of $16.7M, and assets of $9.8M (revenue +8.6% year-over-year).
- 2022: Revenue of $12.9M, expenses of $13.7M, and assets of $12.6M (revenue -2.4% year-over-year).
- 2021: Revenue of $13.2M, expenses of $9.8M, and assets of $15.3M (revenue +1807.0% year-over-year).
- 2020: Revenue of $693K, expenses of $1.3M, and assets of $11.1M (revenue -93.7% year-over-year).
- 2020: Revenue of $11.0M, expenses of $12.4M, and assets of $12.2M (revenue -14.9% year-over-year).
- 2019: Revenue of $12.9M, expenses of $14.2M, and assets of $12.9M (revenue -8.5% year-over-year).
- 2018: Revenue of $14.1M, expenses of $13.4M, and assets of $14.8M (revenue +31.9% year-over-year).
- 2017: Revenue of $10.7M, expenses of $12.3M, and assets of $13.5M (revenue -8.8% year-over-year).
- 2016: Revenue of $11.7M, expenses of $12.1M, and assets of $15.3M (revenue -2.0% year-over-year).
- 2015: Revenue of $11.9M, expenses of $12.5M, and assets of $16.7M (revenue -9.6% year-over-year).
- 2014: Revenue of $13.2M, expenses of $12.6M, and assets of $17.2M (revenue +25.0% year-over-year).
- 2013: Revenue of $10.6M, expenses of $12.5M, and assets of $15.4M (revenue -2.8% year-over-year).
- 2012: Revenue of $10.9M, expenses of $12.9M, and assets of $16.3M (revenue -29.4% year-over-year).
- 2011: Revenue of $15.4M, expenses of $12.5M, and assets of $17.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Jersey Symphony Orchestra:
Data Sources and Methodology
This transparency report for New Jersey Symphony Orchestra 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.