Newark Day Center
Newark Day Center: Stable Assets, Declining Revenue, and High Program Spending
EIN: 221487273 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.3M |
| Total Expenses | $4.2M |
| Program Spending | 84% |
| Net Assets | $1.8M |
| Transparency Score | 75/100 |
Is Newark Day Center Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newark Day Center directs 84% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Newark Day Center
Newark Day Center (EIN: 221487273) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $4.3M and total assets of $2.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newark Day Center's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newark Day Center is a mid-size nonprofit that has been operating for 57 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of -0.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.3M |
| Total Expenses | $4.2M |
| Surplus / Deficit | +$146K |
| Total Assets | $2.1M |
| Total Liabilities | $351K |
| Net Assets | $1.8M |
| Operating Margin | 3.4% |
| Debt-to-Asset Ratio | 16.6% |
| Months of Reserves | 6.1 months |
Financial Health Grade: A
In 2023, Newark Day Center reported a surplus of $146K with revenue exceeding expenses, holds 6.1 months of operating reserves (strong position), has a debt-to-asset ratio of 16.6% (very low leverage).
Financial Trends
Over 14 years of filings (2010–2023), Newark Day Center's revenue has declined at a compound annual growth rate (CAGR) of -0.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.8% | -4.2% | +4.5% |
| 2022 | -8.6% | +1.7% | +35.2% |
| 2021 | +28.9% | -0.9% | +28.4% |
| 2020 | +2.5% | +4.7% | +1.4% |
| 2019 | -0.3% | -2.5% | +4.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1969 |
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 Day Center 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: 8%
- programs: 84%
- fundraising: 8%
According to IRS 990 filings, Newark Day Center allocates its expenses as follows: admin: 8%, programs: 84%, fundraising: 8%. With 84% 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 surplus of $146K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.6%.
Executive Compensation Analysis
Executive compensation cannot be assessed as specific compensation figures for executives are not provided in the given data.
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 Day Center's IRS 990 filings:
- Revenue has shown a consistent decline from $5,413,685 in 2021 to $4,313,655 in 2023, a decrease of over 20%.
- Liabilities have fluctuated significantly, with a notable jump from $474,253 in 2021 to $1,279,179 in 2020, before settling at $351,396 in 2023.
Strengths
The following positive indicators were identified for Newark Day Center:
- Consistently high percentage of expenses dedicated to programs (84% in 2023), indicating a strong focus on mission delivery.
- Assets have remained relatively stable and even increased slightly from $1,500,623 in 2021 to $2,120,231 in 2023, suggesting financial resilience despite revenue declines.
- Low administrative and fundraising overhead (8% each in 2023) demonstrates efficient operations.
Frequently Asked Questions about Newark Day Center
Is Newark Day Center a legitimate charity?
Newark Day Center (EIN: 221487273) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 14 years of IRS 990 filings on record. Total revenue: $4.3M. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Newark Day Center spend its money?
Newark Day Center directs 84% of its spending to programs and services. Fundraising costs 8%. This exceeds the 65% industry benchmark.
Are donations to Newark Day Center tax-deductible?
Newark Day Center is registered as a tax-exempt nonprofit (EIN: 221487273). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Newark Day Center's spending goes to programs?
Newark Day Center directs 84% to programs, 8% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Newark Day Center located?
Newark Day Center is headquartered in Newark, New Jersey and files with the IRS under EIN 221487273.
How many years of IRS 990 filings does Newark Day Center have?
Newark Day Center 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 $4.3M in total revenue.
What does Newark Day Center do?
Newark Day Center 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 Day Center have?
Newark Day Center reported total revenue of $4,313,655. Based on 14 IRS 990 filings on record.
What are Newark Day Center's total assets?
Newark Day Center holds total assets of $2,120,231 as reported in IRS 990 filings.
Where is Newark Day Center located?
Newark Day Center is based in Newark, New Jersey.
What is Newark Day Center's EIN?
Newark Day Center's Employer Identification Number (EIN) is 221487273. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newark Day Center?
Newark Day Center is classified under NTEE code Unknown (Unknown).
Is Newark Day Center a registered 501(c)(3)?
Newark Day Center appears in IRS records (EIN: 221487273). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Newark Day Center file IRS Form 990?
Yes, Newark Day Center has 14 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Newark Day Center's revenue in 2023?
In the 202312 filing period, Newark Day Center reported total revenue of $4,313,655, total expenses of $4,168,090, and net assets of $2,120,231.
Is Newark Day Center's revenue growing or declining?
Newark Day Center's revenue is declining. Revenue went from $4,948,144 (202212) to $4,313,655 (202312), a -12.8% change. Based on 14 filings on record.
What is Newark Day Center's most recent 990 filing?
The most recent IRS Form 990 filing for Newark Day Center covers tax period 202312. It shows revenue of $4,313,655, expenses of $4,168,090, total assets of $2,120,231, and liabilities of $351,396.
How much does Newark Day Center spend on programs vs administration?
Based on IRS 990 analysis, Newark Day Center allocates approximately 84% of expenses to program services, 8% to administrative costs, and 8% to fundraising. This indicates strong program focus.
Is Newark Day Center a trustworthy charity?
Based on AI analysis of IRS 990 data, Newark Day Center appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Newark Day Center?
The following concerns were identified: Revenue has shown a consistent decline from $5,413,685 in 2021 to $4,313,655 in 2023, a decrease of over 20%.. Liabilities have fluctuated significantly, with a notable jump from $474,253 in 2021 to $1,279,179 in 2020, before settling at $351,396 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Newark Day Center's strengths?
Positive indicators for Newark Day Center include: Consistently high percentage of expenses dedicated to programs (84% in 2023), indicating a strong focus on mission delivery.. Assets have remained relatively stable and even increased slightly from $1,500,623 in 2021 to $2,120,231 in 2023, suggesting financial resilience despite revenue declines.. Low administrative and fundraising overhead (8% each in 2023) demonstrates efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Newark Day Center compensate executives?
Executive compensation cannot be assessed as specific compensation figures for executives are not provided in the given data. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Newark Day Center?
• Financial filings are consistently available for the past 7 years. • The organization reports 0% lobbying costs across all available filings. • Detailed breakdowns of program expenses are not readily available in the provided data. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent decline in revenue over the past few years, what strategies has Newark Day Center implemented or planned to diversify funding sources and reverse this trend?
The provided data does not offer insights into specific strategies for revenue diversification. However, the consistent decline suggests a need for a strategic review of fundraising approaches and potential new grant opportunities or donor engagement initiatives.
How does Newark Day Center manage its liabilities, particularly given the significant fluctuation observed between 2020 and 2023, and what impact does this have on its operational flexibility?
The data shows liabilities peaked at $1,279,179 in 2020 and then decreased to $351,396 by 2023. Without further detail, it's difficult to ascertain the nature of these liabilities (e.g., short-term vs. long-term debt) or their specific impact on operational flexibility. A detailed financial statement would be needed to understand the management strategy.
Filing History
IRS 990 filing history for Newark Day Center showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Newark Day Center's revenue has declined by 2.5%, moving from $4.4M to $4.3M. Total assets decreased by 25.9% over the same period, from $2.9M to $2.1M. Total functional expenses fell by 5.1%, from $4.4M to $4.2M. In its most recent filing year (2023), Newark Day Center reported a surplus of $146K, with revenue exceeding expenses. The organization holds $351K in liabilities against $2.1M in assets (debt-to-asset ratio: 16.6%), resulting in net assets of $1.8M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.3M | $4.2M | $2.1M | $351K | — | — |
| 2022 | $4.9M | $4.4M | $2.0M | $405K | — | View 990 |
| 2021 | $5.4M | $4.3M | $1.5M | $474K | — | View 990 |
| 2020 | $4.2M | $4.3M | $1.2M | $1.3M | — | — |
| 2019 | $4.1M | $4.1M | $1.2M | $1.1M | — | View 990 |
| 2018 | $4.1M | $4.2M | $1.1M | $1.1M | — | View 990 |
| 2017 | $4.5M | $4.8M | $1.1M | $1.2M | — | View 990 |
| 2016 | $5.0M | $5.3M | $1.4M | $1.2M | — | View 990 |
| 2015 | $4.7M | $5.1M | $1.5M | $1.0M | — | View 990 |
| 2014 | $4.4M | $4.6M | $1.9M | $975K | — | View 990 |
| 2013 | $4.4M | $4.7M | $2.1M | $968K | — | View 990 |
| 2012 | $4.5M | $4.6M | $2.5M | $1.1M | — | View 990 |
| 2011 | $4.1M | $4.4M | $2.7M | $1.2M | — | View 990 |
| 2010 | $4.4M | $4.4M | $2.9M | $1.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.3M, expenses of $4.2M, and assets of $2.1M (revenue -12.8% year-over-year).
- 2022: Revenue of $4.9M, expenses of $4.4M, and assets of $2.0M (revenue -8.6% year-over-year).
- 2021: Revenue of $5.4M, expenses of $4.3M, and assets of $1.5M (revenue +28.9% year-over-year).
- 2020: Revenue of $4.2M, expenses of $4.3M, and assets of $1.2M (revenue +2.5% year-over-year).
- 2019: Revenue of $4.1M, expenses of $4.1M, and assets of $1.2M (revenue -0.3% year-over-year).
- 2018: Revenue of $4.1M, expenses of $4.2M, and assets of $1.1M (revenue -9.0% year-over-year).
- 2017: Revenue of $4.5M, expenses of $4.8M, and assets of $1.1M (revenue -9.8% year-over-year).
- 2016: Revenue of $5.0M, expenses of $5.3M, and assets of $1.4M (revenue +7.5% year-over-year).
- 2015: Revenue of $4.7M, expenses of $5.1M, and assets of $1.5M (revenue +6.4% year-over-year).
- 2014: Revenue of $4.4M, expenses of $4.6M, and assets of $1.9M (revenue -0.8% year-over-year).
- 2013: Revenue of $4.4M, expenses of $4.7M, and assets of $2.1M (revenue -2.3% year-over-year).
- 2012: Revenue of $4.5M, expenses of $4.6M, and assets of $2.5M (revenue +9.0% year-over-year).
- 2011: Revenue of $4.1M, expenses of $4.4M, and assets of $2.7M (revenue -6.4% year-over-year).
- 2010: Revenue of $4.4M, expenses of $4.4M, and assets of $2.9M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newark Day Center:
Data Sources and Methodology
This transparency report for Newark Day Center 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.