Newark Arts Council
Newark Arts Council: Strong Program Spending, but Declining Revenue and Assets Raise Concerns
EIN: 222412819 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.2M |
| Total Expenses | $2.4M |
| Program Spending | 89% |
| CEO/Top Officer Pay | $100,000 |
| Net Assets | $1.2M |
| Transparency Score | 75/100 |
Is Newark Arts Council Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newark Arts Council directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Newark Arts Council
Newark Arts Council (EIN: 222412819) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $1.2M and total assets of $732K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newark Arts Council's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newark Arts Council is a mid-size nonprofit that has been operating for 41 years, with 12 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 17.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.1M |
| Total Expenses | $2.4M |
| Surplus / Deficit | $-263,846 |
| Total Assets | $1.3M |
| Total Liabilities | $118K |
| Net Assets | $1.2M |
| Operating Margin | -12.4% |
| Debt-to-Asset Ratio | 8.8% |
| Months of Reserves | 6.7 months |
Financial Health Grade: B
In 2023, Newark Arts Council reported a deficit of $264K with expenses exceeding revenue, holds 6.7 months of operating reserves (strong position), has a debt-to-asset ratio of 8.8% (very low leverage).
Financial Trends
Over 12 years of filings (2011–2023), Newark Arts Council's revenue has grown at a compound annual growth rate (CAGR) of 17.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -19.7% | -0.8% | -31.3% |
| 2021 | +17.3% | +10.0% | +33.6% |
| 2020 | +41.7% | +61.8% | +125.0% |
| 2019 | +4.3% | -5.7% | +79.8% |
| 2018 | +51.7% | +29.9% | -21.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
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 Newark Arts Council 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: 5%
- programs: 89%
- fundraising: 6%
According to IRS 990 filings, Newark Arts Council allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% 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 $264K, with expenses exceeding revenue.
- Debt-to-asset ratio: 8.8%.
Executive Compensation Analysis
Executive compensation is not reported in the provided filings, indicating that no individual received more than $100,000 in reportable compensation.
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 Newark Arts Council's IRS 990 filings:
- Total revenue has significantly declined from $2,660,381 in 2021 to $2,135,228 in 2023.
- Total assets have decreased from $1,947,360 in 2021 to $1,337,089 in 2023.
- Liabilities have increased from $117,876 in 2023 to $1,060,352 in 2021, showing volatility.
Strengths
The following positive indicators were identified for Newark Arts Council:
- Consistently high percentage of expenses dedicated to programs (89% in 2023).
- Low administrative and fundraising costs, indicating efficient operations.
- Positive net assets across all reported years, despite recent declines.
Frequently Asked Questions about Newark Arts Council
Is Newark Arts Council a legitimate charity?
Newark Arts Council (EIN: 222412819) 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: $1.2M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Newark Arts Council spend its money?
Newark Arts Council directs 89% of its spending to programs and services. Fundraising costs 6%. This exceeds the 65% industry benchmark.
Are donations to Newark Arts Council tax-deductible?
Newark Arts Council is registered as a tax-exempt nonprofit (EIN: 222412819). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Newark Arts Council CEO make?
Newark Arts Council's highest-compensated officer earns $100,000 annually. The organization reported $1.2M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Newark Arts Council's spending goes to programs?
Newark Arts Council directs 89% to programs, 6% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Newark Arts Council located?
Newark Arts Council is headquartered in Newark, New Jersey and files with the IRS under EIN 222412819.
How many years of IRS 990 filings does Newark Arts Council have?
Newark Arts Council 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 $1.2M in total revenue.
What does Newark Arts Council do?
Newark Arts Council is a nonprofit organization in the Unknown sector, located in Newark, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Newark Arts Council have?
Newark Arts Council reported total revenue of $1,168,017. Based on 12 IRS 990 filings on record.
What are Newark Arts Council's total assets?
Newark Arts Council holds total assets of $731,914 as reported in IRS 990 filings.
Where is Newark Arts Council located?
Newark Arts Council is based in Newark, New Jersey.
What is Newark Arts Council's EIN?
Newark Arts Council's Employer Identification Number (EIN) is 222412819. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newark Arts Council?
Newark Arts Council is classified under NTEE code Unknown (Unknown).
Is Newark Arts Council a registered 501(c)(3)?
Newark Arts Council appears in IRS records (EIN: 222412819). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Newark Arts Council file IRS Form 990?
Yes, Newark Arts Council has 12 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Newark Arts Council's revenue in 2023?
In the 202306 filing period, Newark Arts Council reported total revenue of $2,135,228, total expenses of $2,399,074, and net assets of $1,337,089.
Is Newark Arts Council's revenue growing or declining?
Newark Arts Council's revenue is declining. Revenue went from $2,660,381 (202106) to $2,135,228 (202306), a -19.7% change. Based on 12 filings on record.
What is Newark Arts Council's most recent 990 filing?
The most recent IRS Form 990 filing for Newark Arts Council covers tax period 202306. It shows revenue of $2,135,228, expenses of $2,399,074, total assets of $1,337,089, and liabilities of $117,876.
How much does Newark Arts Council spend on programs vs administration?
Based on IRS 990 analysis, Newark Arts Council allocates approximately 89% of expenses to program services, 5% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Newark Arts Council a trustworthy charity?
Based on AI analysis of IRS 990 data, Newark Arts Council appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Newark Arts Council?
The following concerns were identified: Total revenue has significantly declined from $2,660,381 in 2021 to $2,135,228 in 2023.. Total assets have decreased from $1,947,360 in 2021 to $1,337,089 in 2023.. Liabilities have increased from $117,876 in 2023 to $1,060,352 in 2021, showing volatility.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Newark Arts Council's strengths?
Positive indicators for Newark Arts Council include: Consistently high percentage of expenses dedicated to programs (89% in 2023).. Low administrative and fundraising costs, indicating efficient operations.. Positive net assets across all reported years, despite recent declines.. These findings are derived from AI analysis of the organization's financial filings.
How does Newark Arts Council compensate executives?
Executive compensation is not reported in the provided filings, indicating that no individual received more than $100,000 in reportable compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the substantial decline in revenue and assets between 2021 and 2023, and what strategies are in place to reverse this trend?
Revenue decreased by over $500,000 and assets by over $600,000 during this period. Understanding the specific causes (e.g., grant reductions, economic shifts) and future fundraising/investment plans is crucial.
Given the significant fluctuation in liabilities, particularly the jump in 2021, what were the underlying reasons for these changes and how are liabilities being managed going forward?
Liabilities surged from $117,876 in 2023 to $1,060,352 in 2021. Identifying the nature of these liabilities (e.g., program-related debt, deferred revenue) and the current management approach is important for financial stability.
Filing History
IRS 990 filing history for Newark Arts Council showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2011–2023), Newark Arts Council's revenue has grown by 583.3%, moving from $312K to $2.1M. Total assets increased by 488.3% over the same period, from $227K to $1.3M. Total functional expenses rose by 562.8%, from $362K to $2.4M. In its most recent filing year (2023), Newark Arts Council reported a deficit of $264K, with expenses exceeding revenue. The organization holds $118K in liabilities against $1.3M in assets (debt-to-asset ratio: 8.8%), resulting in net assets of $1.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.1M | $2.4M | $1.3M | $118K | — | View 990 |
| 2021 | $2.7M | $2.4M | $1.9M | $1.1M | — | View 990 |
| 2020 | $2.3M | $2.2M | $1.5M | $813K | — | View 990 |
| 2019 | $1.6M | $1.4M | $648K | $74K | — | View 990 |
| 2018 | $1.5M | $1.4M | $360K | $28K | — | View 990 |
| 2017 | $1.0M | $1.1M | $460K | $221K | — | View 990 |
| 2016 | $817K | $643K | $380K | $43K | — | View 990 |
| 2015 | $452K | $376K | $197K | $33K | — | View 990 |
| 2014 | $313K | $353K | $117K | $29K | — | View 990 |
| 2013 | $358K | $387K | $170K | $42K | — | View 990 |
| 2012 | $305K | $373K | $168K | $11K | — | View 990 |
| 2011 | $312K | $362K | $227K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.1M, expenses of $2.4M, and assets of $1.3M (revenue -19.7% year-over-year).
- 2021: Revenue of $2.7M, expenses of $2.4M, and assets of $1.9M (revenue +17.3% year-over-year).
- 2020: Revenue of $2.3M, expenses of $2.2M, and assets of $1.5M (revenue +41.7% year-over-year).
- 2019: Revenue of $1.6M, expenses of $1.4M, and assets of $648K (revenue +4.3% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $360K (revenue +51.7% year-over-year).
- 2017: Revenue of $1.0M, expenses of $1.1M, and assets of $460K (revenue +23.7% year-over-year).
- 2016: Revenue of $817K, expenses of $643K, and assets of $380K (revenue +80.7% year-over-year).
- 2015: Revenue of $452K, expenses of $376K, and assets of $197K (revenue +44.5% year-over-year).
- 2014: Revenue of $313K, expenses of $353K, and assets of $117K (revenue -12.5% year-over-year).
- 2013: Revenue of $358K, expenses of $387K, and assets of $170K (revenue +17.0% year-over-year).
- 2012: Revenue of $305K, expenses of $373K, and assets of $168K (revenue -2.3% year-over-year).
- 2011: Revenue of $312K, expenses of $362K, and assets of $227K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newark Arts Council:
Data Sources and Methodology
This transparency report for Newark Arts 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.