Newark Regional Business Partnership Inc
Newark Regional Business Partnership Inc: Declining Revenue, Stable Leadership
EIN: 221644616 · Newark, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $607K |
| Total Expenses | $837K |
| Program Spending | 70% |
| Net Assets | $541K |
| Transparency Score | 75/100 |
Is Newark Regional Business Partnership Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newark Regional Business Partnership Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Newark Regional Business Partnership Inc
Newark Regional Business Partnership Inc (EIN: 221644616) is a nonprofit organization based in Newark, NJ. The organization reported total revenue of $607K and total assets of $591K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newark Regional Business Partnership Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newark Regional Business Partnership Inc is a small nonprofit that has been operating for 65 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $691K |
| Total Expenses | $837K |
| Surplus / Deficit | $-146,366 |
| Total Assets | $806K |
| Total Liabilities | $265K |
| Net Assets | $541K |
| Operating Margin | -21.2% |
| Debt-to-Asset Ratio | 32.9% |
| Months of Reserves | 11.5 months |
Financial Health Grade: B
In 2023, Newark Regional Business Partnership Inc reported a deficit of $146K with expenses exceeding revenue, holds 11.5 months of operating reserves (strong position), has a debt-to-asset ratio of 32.9% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Newark Regional Business Partnership Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.5% | -5.2% | -13.0% |
| 2022 | -2.9% | +29.4% | -17.1% |
| 2021 | +20.4% | -10.1% | +2.4% |
| 2020 | -28.9% | -11.2% | -9.7% |
| 2019 | +0.3% | +3.8% | +7.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 3000 |
| IRS Ruling Date | 1961 |
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 Regional Business Partnership Inc 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, Newark Regional Business Partnership Inc 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 $146K, with expenses exceeding revenue.
- Debt-to-asset ratio: 32.9%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data beyond a 0% figure for compensation from unrelated organizations, making a full assessment difficult without further breakdown of direct 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 Regional Business Partnership Inc's IRS 990 filings:
- Revenue has shown a consistent decline from $898,373 in 2019 to $607,477 in 2023, which could impact future program delivery.
Strengths
The following positive indicators were identified for Newark Regional Business Partnership Inc:
- The organization has maintained a positive asset balance, with assets consistently exceeding liabilities.
- Despite revenue fluctuations, the organization has managed to keep liabilities relatively stable, demonstrating fiscal prudence.
Frequently Asked Questions about Newark Regional Business Partnership Inc
Is Newark Regional Business Partnership Inc a legitimate charity?
Newark Regional Business Partnership Inc (EIN: 221644616) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $607K. 1 red flag identified. 2 strengths noted. Financial health grade: B.
How does Newark Regional Business Partnership Inc spend its money?
Newark Regional Business Partnership Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Newark Regional Business Partnership Inc tax-deductible?
Newark Regional Business Partnership Inc is registered as a tax-exempt nonprofit (EIN: 221644616). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Newark Regional Business Partnership Inc's spending goes to programs?
Newark Regional Business Partnership Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Newark Regional Business Partnership Inc located?
Newark Regional Business Partnership Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 221644616.
How many years of IRS 990 filings does Newark Regional Business Partnership Inc have?
Newark Regional Business Partnership 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 $607K in total revenue.
What does Newark Regional Business Partnership Inc do?
Newark Regional Business Partnership Inc 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 Regional Business Partnership Inc have?
Newark Regional Business Partnership Inc reported total revenue of $607,477. Based on 13 IRS 990 filings on record.
What are Newark Regional Business Partnership Inc's total assets?
Newark Regional Business Partnership Inc holds total assets of $591,425 as reported in IRS 990 filings.
Where is Newark Regional Business Partnership Inc located?
Newark Regional Business Partnership Inc is based in Newark, New Jersey.
What is Newark Regional Business Partnership Inc's EIN?
Newark Regional Business Partnership Inc's Employer Identification Number (EIN) is 221644616. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newark Regional Business Partnership Inc?
Newark Regional Business Partnership Inc is classified under NTEE code Unknown (Unknown).
Is Newark Regional Business Partnership Inc a registered 501(c)(3)?
Newark Regional Business Partnership Inc appears in IRS records (EIN: 221644616). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Newark Regional Business Partnership Inc file IRS Form 990?
Yes, Newark Regional Business Partnership Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Newark Regional Business Partnership Inc's revenue in 2023?
In the 202312 filing period, Newark Regional Business Partnership Inc reported total revenue of $690,793, total expenses of $837,159, and net assets of $805,740.
Is Newark Regional Business Partnership Inc's revenue growing or declining?
Newark Regional Business Partnership Inc's revenue is declining. Revenue went from $746,746 (202212) to $690,793 (202312), a -7.5% change. Based on 13 filings on record.
What is Newark Regional Business Partnership Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Newark Regional Business Partnership Inc covers tax period 202312. It shows revenue of $690,793, expenses of $837,159, total assets of $805,740, and liabilities of $265,122.
How much does Newark Regional Business Partnership Inc spend on programs vs administration?
Based on IRS 990 analysis, Newark Regional Business Partnership Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Newark Regional Business Partnership Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Newark Regional Business Partnership Inc appears trustworthy. Mission Score: 75/100 (Good). 1 red flag identified. 2 strengths noted.
What are the red flags for Newark Regional Business Partnership Inc?
The following concerns were identified: Revenue has shown a consistent decline from $898,373 in 2019 to $607,477 in 2023, which could impact future program delivery.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Newark Regional Business Partnership Inc's strengths?
Positive indicators for Newark Regional Business Partnership Inc include: The organization has maintained a positive asset balance, with assets consistently exceeding liabilities.. Despite revenue fluctuations, the organization has managed to keep liabilities relatively stable, demonstrating fiscal prudence.. These findings are derived from AI analysis of the organization's financial filings.
How does Newark Regional Business Partnership Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data beyond a 0% figure for compensation from unrelated organizations, making a full assessment difficult without further breakdown of direct compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent decline in revenue over the past five years, what strategies are being implemented to diversify funding sources or increase fundraising effectiveness to ensure long-term sustainability?
While the provided data shows a clear trend of decreasing revenue, the specific strategies for addressing this decline are not detailed in the financial filings. A deeper dive into their strategic plans or annual reports would be necessary to understand their approach to revenue diversification and fundraising.
Filing History
IRS 990 filing history for Newark Regional Business Partnership Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Newark Regional Business Partnership Inc's revenue has declined by 23.8%, moving from $907K to $691K. Total assets increased by 18.1% over the same period, from $682K to $806K. Total functional expenses fell by 0.7%, from $843K to $837K. In its most recent filing year (2023), Newark Regional Business Partnership Inc reported a deficit of $146K, with expenses exceeding revenue. The organization holds $265K in liabilities against $806K in assets (debt-to-asset ratio: 32.9%), resulting in net assets of $541K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $691K | $837K | $806K | $265K | — | — |
| 2022 | $747K | $883K | $926K | $239K | — | View 990 |
| 2021 | $769K | $682K | $1.1M | $240K | — | View 990 |
| 2020 | $639K | $759K | $1.1M | $300K | — | — |
| 2019 | $898K | $855K | $1.2M | $299K | — | View 990 |
| 2018 | $896K | $823K | $1.1M | $133K | — | View 990 |
| 2017 | $907K | $831K | $1.1M | $133K | — | View 990 |
| 2016 | $883K | $819K | $1.0M | $164K | — | View 990 |
| 2015 | $911K | $820K | $917K | $137K | — | View 990 |
| 2014 | $895K | $801K | $858K | $186K | — | View 990 |
| 2013 | $863K | $844K | $732K | $154K | — | View 990 |
| 2012 | $1.0M | $899K | $686K | $125K | — | View 990 |
| 2011 | $907K | $843K | $682K | $238K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $691K, expenses of $837K, and assets of $806K (revenue -7.5% year-over-year).
- 2022: Revenue of $747K, expenses of $883K, and assets of $926K (revenue -2.9% year-over-year).
- 2021: Revenue of $769K, expenses of $682K, and assets of $1.1M (revenue +20.4% year-over-year).
- 2020: Revenue of $639K, expenses of $759K, and assets of $1.1M (revenue -28.9% year-over-year).
- 2019: Revenue of $898K, expenses of $855K, and assets of $1.2M (revenue +0.3% year-over-year).
- 2018: Revenue of $896K, expenses of $823K, and assets of $1.1M (revenue -1.2% year-over-year).
- 2017: Revenue of $907K, expenses of $831K, and assets of $1.1M (revenue +2.7% year-over-year).
- 2016: Revenue of $883K, expenses of $819K, and assets of $1.0M (revenue -3.1% year-over-year).
- 2015: Revenue of $911K, expenses of $820K, and assets of $917K (revenue +1.8% year-over-year).
- 2014: Revenue of $895K, expenses of $801K, and assets of $858K (revenue +3.8% year-over-year).
- 2013: Revenue of $863K, expenses of $844K, and assets of $732K (revenue -15.0% year-over-year).
- 2012: Revenue of $1.0M, expenses of $899K, and assets of $686K (revenue +11.9% year-over-year).
- 2011: Revenue of $907K, expenses of $843K, and assets of $682K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newark Regional Business Partnership Inc:
Data Sources and Methodology
This transparency report for Newark Regional Business Partnership 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.