Newark Public Radio Inc
Newark Public Radio Inc: Navigating Financial Fluctuations Amidst Consistent Mission
EIN: 222137728 · Newark, NJ · NTEE: A340 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $4.5M |
| Total Expenses | $5.6M |
| Program Spending | 75% |
| Net Assets | $3.2M |
| Transparency Score | 85/100 |
Is Newark Public Radio Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newark Public Radio Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Newark Public Radio Inc
Newark Public Radio Inc (EIN: 222137728) is a nonprofit organization based in Newark, NJ, classified under NTEE code A340. The organization reported total revenue of $4.5M and total assets of $3.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newark Public Radio Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newark Public Radio Inc is a mid-size nonprofit that has been operating for 47 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $4.8M |
| Total Expenses | $5.6M |
| Surplus / Deficit | $-739,316 |
| Total Assets | $3.7M |
| Total Liabilities | $438K |
| Net Assets | $3.2M |
| Operating Margin | -15.3% |
| Debt-to-Asset Ratio | 11.9% |
| Months of Reserves | 7.9 months |
Financial Health Grade: B
In 2023, Newark Public Radio Inc reported a deficit of $739K with expenses exceeding revenue, holds 7.9 months of operating reserves (strong position), has a debt-to-asset ratio of 11.9% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Newark Public Radio Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +15.4% | +2.3% | -14.5% |
| 2022 | -24.8% | +11.3% | -22.8% |
| 2021 | +24.4% | -5.6% | +10.1% |
| 2020 | -4.1% | +5.9% | +1.0% |
| 2019 | -6.4% | +2.1% | -3.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1979 |
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 Public Radio Inc 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, Newark Public Radio Inc 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 $739K, with expenses exceeding revenue.
- Debt-to-asset ratio: 11.9%.
Executive Compensation Analysis
Executive compensation details are not explicitly provided in the summary data, preventing a specific assessment of individual salaries. However, the 'l' (liabilities) field shows a consistent level of liabilities, which could include compensation, but without further breakdown, it's difficult to as
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 Public Radio Inc's IRS 990 filings:
- Consistent operating deficits: In 2023, expenses ($5,563,336) exceeded revenue ($4,824,020), continuing a trend seen in previous years like 2022 ($5,439,852 vs $4,179,484) and 2020 ($5,179,814 vs $4,467,874).
- Declining assets: Total assets decreased from $4,298,624 in 2022 to $3,676,352 in 2023, indicating a potential strain on financial reserves.
- Reliance on prior year assets: The organization has consistently spent more than its revenue, suggesting a reliance on accumulated assets from previous periods to cover operational costs.
Strengths
The following positive indicators were identified for Newark Public Radio Inc:
- Consistent revenue generation: Despite fluctuations, the organization consistently generates over $4 million in revenue annually, demonstrating a stable donor base or funding streams.
- Long-standing presence: Data spanning from 2016 to 2023 indicates a sustained operation over many years, suggesting resilience and community support.
- Clear mission: As a public radio entity, its mission is inherently clear and serves a vital community function.
Frequently Asked Questions about Newark Public Radio Inc
Is Newark Public Radio Inc a legitimate charity?
Newark Public Radio Inc (EIN: 222137728) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $4.5M. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Newark Public Radio Inc spend its money?
Newark Public Radio Inc directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Newark Public Radio Inc tax-deductible?
Newark Public Radio Inc is registered as a tax-exempt nonprofit (EIN: 222137728). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Newark Public Radio Inc's spending goes to programs?
Newark Public Radio Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Newark Public Radio Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Newark Public Radio Inc is above average for NTEE category A340 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Newark Public Radio Inc located?
Newark Public Radio Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 222137728. It is classified under NTEE code A340.
How many years of IRS 990 filings does Newark Public Radio Inc have?
Newark Public Radio Inc has 13 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 $4.5M in total revenue.
What does Newark Public Radio Inc do?
Newark Public Radio Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Newark, New Jersey. It is classified under NTEE code A340.
How much revenue does Newark Public Radio Inc have?
Newark Public Radio Inc reported total revenue of $4,479,547. Based on 13 IRS 990 filings on record.
What are Newark Public Radio Inc's total assets?
Newark Public Radio Inc holds total assets of $3,608,341 as reported in IRS 990 filings.
Where is Newark Public Radio Inc located?
Newark Public Radio Inc is based in Newark, New Jersey.
What is Newark Public Radio Inc's EIN?
Newark Public Radio Inc's Employer Identification Number (EIN) is 222137728. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newark Public Radio Inc?
Newark Public Radio Inc is classified under NTEE code A340 (Arts, Culture & Humanities).
Is Newark Public Radio Inc a registered 501(c)(3)?
Yes, Newark Public Radio Inc is recognized as a tax-exempt organization by the IRS. EIN: 222137728.
Does Newark Public Radio Inc file IRS Form 990?
Yes, Newark Public Radio Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Newark Public Radio Inc's revenue in 2023?
In the 202309 filing period, Newark Public Radio Inc reported total revenue of $4,824,020, total expenses of $5,563,336, and net assets of $3,676,352.
Is Newark Public Radio Inc's revenue growing or declining?
Newark Public Radio Inc's revenue is growing. Revenue went from $4,179,484 (202209) to $4,824,020 (202309), a +15.4% change. Based on 13 filings on record.
What is Newark Public Radio Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Newark Public Radio Inc covers tax period 202309. It shows revenue of $4,824,020, expenses of $5,563,336, total assets of $3,676,352, and liabilities of $437,939.
How much does Newark Public Radio Inc spend on programs vs administration?
Based on IRS 990 analysis, Newark Public Radio Inc allocates approximately 75% of expenses to program services, 15% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Newark Public Radio Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Newark Public Radio Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Newark Public Radio Inc?
The following concerns were identified: Consistent operating deficits: In 2023, expenses ($5,563,336) exceeded revenue ($4,824,020), continuing a trend seen in previous years like 2022 ($5,439,852 vs $4,179,484) and 2020 ($5,179,814 vs $4,467,874).. Declining assets: Total assets decreased from $4,298,624 in 2022 to $3,676,352 in 2023, indicating a potential strain on financial reserves.. Reliance on prior year assets: The organization has consistently spent more than its revenue, suggesting a reliance on accumulated assets from previous periods to cover operational costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Newark Public Radio Inc's strengths?
Positive indicators for Newark Public Radio Inc include: Consistent revenue generation: Despite fluctuations, the organization consistently generates over $4 million in revenue annually, demonstrating a stable donor base or funding streams.. Long-standing presence: Data spanning from 2016 to 2023 indicates a sustained operation over many years, suggesting resilience and community support.. Clear mission: As a public radio entity, its mission is inherently clear and serves a vital community function.. These findings are derived from AI analysis of the organization's financial filings.
How does Newark Public Radio Inc compensate executives?
Executive compensation details are not explicitly provided in the summary data, preventing a specific assessment of individual salaries. However, the 'l' (liabilities) field shows a consistent level of liabilities, which could include compensation, but without further breakdown, it's difficult to as Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Newark Public Radio Inc?
• Transparency regarding program service accomplishments is clear in their filings. • Financial statements are readily available for public review. • No specific transparency report beyond standard IRS filings was immediately evident. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent operating deficits, what strategies are in place to ensure long-term financial sustainability without further depleting assets?
The provided data indicates a pattern of expenses exceeding revenue in most recent years. To address this, the organization would likely need to either increase fundraising efforts significantly, reduce operational costs, or explore new revenue streams beyond traditional public radio models to ensure long-term viability and prevent further asset depletion.
How does the organization plan to reverse the trend of declining assets, which have fallen from $4,298,624 in 2022 to $3,676,352 in 2023?
Reversing the decline in assets would necessitate a strategic financial overhaul. This could involve a capital campaign, endowment growth, or a significant increase in unrestricted donations. Without specific financial reports beyond the summary, the exact plan remains unclear, but it's a critical area for future stability.
Filing History
IRS 990 filing history for Newark Public Radio Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Newark Public Radio Inc's revenue has declined by 12%, moving from $5.5M to $4.8M. Total assets decreased by 43.9% over the same period, from $6.6M to $3.7M. Total functional expenses rose by 13.8%, from $4.9M to $5.6M. In its most recent filing year (2023), Newark Public Radio Inc reported a deficit of $739K, with expenses exceeding revenue. The organization holds $438K in liabilities against $3.7M in assets (debt-to-asset ratio: 11.9%), resulting in net assets of $3.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $4.8M | $5.6M | $3.7M | $438K | — | — |
| 2022 | $4.2M | $5.4M | $4.3M | $321K | — | — |
| 2021 | $5.6M | $4.9M | $5.6M | $898K | — | View 990 |
| 2020 | $4.5M | $5.2M | $5.1M | $1.1M | — | View 990 |
| 2019 | $4.7M | $4.9M | $5.0M | $307K | — | View 990 |
| 2018 | $5.0M | $4.8M | $5.2M | $199K | — | View 990 |
| 2017 | $5.2M | $5.1M | $5.0M | $189K | — | View 990 |
| 2016 | $4.7M | $4.7M | $4.8M | $246K | — | View 990 |
| 2015 | $4.7M | $4.9M | $4.9M | $325K | — | View 990 |
| 2014 | $4.9M | $5.2M | $5.3M | $501K | — | View 990 |
| 2013 | $5.3M | $5.7M | $5.6M | $509K | — | View 990 |
| 2012 | $5.0M | $5.3M | $6.2M | $640K | — | View 990 |
| 2011 | $5.5M | $4.9M | $6.6M | $730K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $4.8M, expenses of $5.6M, and assets of $3.7M (revenue +15.4% year-over-year).
- 2022: Revenue of $4.2M, expenses of $5.4M, and assets of $4.3M (revenue -24.8% year-over-year).
- 2021: Revenue of $5.6M, expenses of $4.9M, and assets of $5.6M (revenue +24.4% year-over-year).
- 2020: Revenue of $4.5M, expenses of $5.2M, and assets of $5.1M (revenue -4.1% year-over-year).
- 2019: Revenue of $4.7M, expenses of $4.9M, and assets of $5.0M (revenue -6.4% year-over-year).
- 2018: Revenue of $5.0M, expenses of $4.8M, and assets of $5.2M (revenue -4.5% year-over-year).
- 2017: Revenue of $5.2M, expenses of $5.1M, and assets of $5.0M (revenue +10.4% year-over-year).
- 2016: Revenue of $4.7M, expenses of $4.7M, and assets of $4.8M (revenue -0.2% year-over-year).
- 2015: Revenue of $4.7M, expenses of $4.9M, and assets of $4.9M (revenue -3.8% year-over-year).
- 2014: Revenue of $4.9M, expenses of $5.2M, and assets of $5.3M (revenue -7.0% year-over-year).
- 2013: Revenue of $5.3M, expenses of $5.7M, and assets of $5.6M (revenue +6.0% year-over-year).
- 2012: Revenue of $5.0M, expenses of $5.3M, and assets of $6.2M (revenue -9.1% year-over-year).
- 2011: Revenue of $5.5M, expenses of $4.9M, and assets of $6.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newark Public Radio Inc:
Data Sources and Methodology
This transparency report for Newark Public Radio Inc 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.