Newark School Of The Arts Inc
Newark School Of The Arts Inc: Consistent Revenue, Spending Exceeds Income
EIN: 221849047 · Newark, NJ · NTEE: A25Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Program Spending | 70% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $672K |
| Transparency Score | 75/100 |
Is Newark School Of The Arts Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Newark School Of The Arts Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Newark School Of The Arts Inc
Newark School Of The Arts Inc (EIN: 221849047) is a nonprofit organization based in Newark, NJ, classified under NTEE code A25Z. The organization reported total revenue of $1.1M and total assets of $968K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newark School Of The Arts Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newark School Of The Arts Inc is a mid-size nonprofit that has been operating for 57 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 1.2%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.1M |
| Total Expenses | $1.4M |
| Surplus / Deficit | $-302,075 |
| Total Assets | $968K |
| Total Liabilities | $297K |
| Net Assets | $672K |
| Operating Margin | -28.1% |
| Debt-to-Asset Ratio | 30.6% |
| Months of Reserves | 8.4 months |
Financial Health Grade: B
In 2024, Newark School Of The Arts Inc reported a deficit of $302K with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 30.6% (moderate leverage).
Financial Trends
Over 14 years of filings (2011–2024), Newark School Of The Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +2.1% | +15.6% | -25.3% |
| 2023 | -8.7% | +5.5% | -8.8% |
| 2022 | +14.3% | +19.0% | +2.0% |
| 2021 | -17.2% | -19.0% | +1.6% |
| 2020 | +28.0% | -1.3% | +10.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| 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 School Of The Arts 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Newark School Of The Arts Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $302K, with expenses exceeding revenue.
- Debt-to-asset ratio: 30.6%.
Executive Compensation Analysis
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which warrants further investigation to understand how leadership is compensated or if services are entirely pro bono.
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 School Of The Arts Inc's IRS 990 filings:
- Expenditures consistently exceed revenue in multiple years (e.g., 2024: $1,378,399 expenses vs. $1,076,324 revenue; 2023: $1,192,515 expenses vs. $1,054,156 revenue), leading to a decline in assets.
- Reporting $0 compensation for all key personnel is highly unusual and may indicate incomplete reporting or an alternative compensation structure not immediately apparent.
- Assets have decreased from $1,431,805 in 2018 to $968,348 in 2024, suggesting a trend of financial decline.
Strengths
The following positive indicators were identified for Newark School Of The Arts Inc:
- Consistent revenue generation over several years, generally above $1 million annually.
- Long-standing presence in Newark, NJ, indicating established community roots.
- Maintains a significant asset base, despite recent declines.
Frequently Asked Questions about Newark School Of The Arts Inc
Is Newark School Of The Arts Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Newark School Of The Arts Inc (EIN: 221849047) some concerns. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.
How does Newark School Of The Arts Inc spend its money?
Newark School Of The Arts Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Newark School Of The Arts Inc tax-deductible?
Newark School Of The Arts Inc is registered as a tax-exempt nonprofit (EIN: 221849047). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Newark School Of The Arts Inc CEO make?
Newark School Of The Arts Inc's highest-compensated officer earns $0 annually. The organization reported $1.1M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Newark School Of The Arts Inc's spending goes to programs?
Newark School Of The Arts Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Newark School Of The Arts Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Newark School Of The Arts Inc is above average for NTEE category A25Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Newark School Of The Arts Inc located?
Newark School Of The Arts Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 221849047. It is classified under NTEE code A25Z.
How many years of IRS 990 filings does Newark School Of The Arts Inc have?
Newark School Of The Arts Inc 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 $1.1M in total revenue.
What does Newark School Of The Arts Inc do?
Newark School Of The Arts Inc is a nonprofit organization in the Arts, Culture & Humanities sector, located in Newark, New Jersey. It is classified under NTEE code A25Z.
How much revenue does Newark School Of The Arts Inc have?
Newark School Of The Arts Inc reported total revenue of $1,093,860. Based on 14 IRS 990 filings on record.
What are Newark School Of The Arts Inc's total assets?
Newark School Of The Arts Inc holds total assets of $968,348 as reported in IRS 990 filings.
Where is Newark School Of The Arts Inc located?
Newark School Of The Arts Inc is based in Newark, New Jersey.
What is Newark School Of The Arts Inc's EIN?
Newark School Of The Arts Inc's Employer Identification Number (EIN) is 221849047. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Newark School Of The Arts Inc?
Newark School Of The Arts Inc is classified under NTEE code A25Z (Arts, Culture & Humanities).
Is Newark School Of The Arts Inc a registered 501(c)(3)?
Yes, Newark School Of The Arts Inc is recognized as a tax-exempt organization by the IRS. EIN: 221849047.
Does Newark School Of The Arts Inc file IRS Form 990?
Yes, Newark School Of The Arts Inc has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Newark School Of The Arts Inc's revenue in 2024?
In the 202406 filing period, Newark School Of The Arts Inc reported total revenue of $1,076,324, total expenses of $1,378,399, and net assets of $968,348.
Is Newark School Of The Arts Inc's revenue growing or declining?
Newark School Of The Arts Inc's revenue is relatively stable. Revenue went from $1,054,156 (202306) to $1,076,324 (202406), a +2.1% change. Based on 14 filings on record.
What is Newark School Of The Arts Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Newark School Of The Arts Inc covers tax period 202406. It shows revenue of $1,076,324, expenses of $1,378,399, total assets of $968,348, and liabilities of $296,650.
How much does Newark School Of The Arts Inc spend on programs vs administration?
Based on IRS 990 analysis, Newark School Of The Arts Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Newark School Of The Arts Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Newark School Of The Arts Inc appears trustworthy. Mission Score: 75/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for Newark School Of The Arts Inc?
The following concerns were identified: Expenditures consistently exceed revenue in multiple years (e.g., 2024: $1,378,399 expenses vs. $1,076,324 revenue; 2023: $1,192,515 expenses vs. $1,054,156 revenue), leading to a decline in assets.. Reporting $0 compensation for all key personnel is highly unusual and may indicate incomplete reporting or an alternative compensation structure not immediately apparent.. Assets have decreased from $1,431,805 in 2018 to $968,348 in 2024, suggesting a trend of financial decline.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Newark School Of The Arts Inc's strengths?
Positive indicators for Newark School Of The Arts Inc include: Consistent revenue generation over several years, generally above $1 million annually.. Long-standing presence in Newark, NJ, indicating established community roots.. Maintains a significant asset base, despite recent declines.. These findings are derived from AI analysis of the organization's financial filings.
How does Newark School Of The Arts Inc compensate executives?
The filings consistently report $0 in compensation for officers, directors, trustees, and key employees, which warrants further investigation to understand how leadership is compensated or if services are entirely pro bono. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How transparent is Newark School Of The Arts Inc?
• The organization consistently reports 0% compensation to officers, directors, trustees, and key employees, which is unusual for an organization of its size and revenue. • Financial filings show expenditures frequently exceeding revenue, leading to a decrease in assets over several years. • The provided data lacks detailed breakdowns of program, administrative, and fundraising expenses, making a precise spending analysis challenging. Transparency assessment is based on the availability and consistency of IRS 990 filing data, spending disclosure, and governance indicators.
Given the consistent reporting of $0 compensation for key personnel, how does the organization attract and retain leadership, and what is the actual cost of executive management?
The consistent $0 compensation reported for officers, directors, trustees, and key employees suggests either a fully volunteer-led executive team or that compensation is being reported under different categories, such as contractor fees or through a related entity, which would require deeper scrutiny of their financial statements to understand the true cost of executive management.
What is the long-term strategy for addressing the recurring deficit where expenditures exceed revenue, and how will this impact the sustainability of programs?
The recurring deficit, evidenced by expenditures like $1,378,399 in 2024 against $1,076,324 in revenue, indicates an unsustainable financial model. Without a clear strategy to either increase revenue or reduce expenses, the organization risks further asset depletion and potential program cuts, impacting its ability to deliver on its mission.
Filing History
IRS 990 filing history for Newark School Of The Arts Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Newark School Of The Arts Inc's revenue has grown by 16.4%, moving from $925K to $1.1M. Total assets decreased by 20.1% over the same period, from $1.2M to $968K. Total functional expenses rose by 35.2%, from $1.0M to $1.4M. In its most recent filing year (2024), Newark School Of The Arts Inc reported a deficit of $302K, with expenses exceeding revenue. The organization holds $297K in liabilities against $968K in assets (debt-to-asset ratio: 30.6%), resulting in net assets of $672K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $1.1M | $1.4M | $968K | $297K | — | View 990 |
| 2023 | $1.1M | $1.2M | $1.3M | $327K | — | View 990 |
| 2022 | $1.2M | $1.1M | $1.4M | $316K | — | View 990 |
| 2021 | $1.0M | $951K | $1.4M | $310K | — | — |
| 2020 | $1.2M | $1.2M | $1.4M | $347K | — | View 990 |
| 2019 | $953K | $1.2M | $1.2M | $269K | — | View 990 |
| 2018 | $1.4M | $1.3M | $1.4M | $218K | — | — |
| 2017 | $1.3M | $1.2M | $1.4M | $301K | — | View 990 |
| 2016 | $1.3M | $1.2M | $1.2M | $249K | — | View 990 |
| 2015 | $1.2M | $1.1M | $1.2M | $323K | — | View 990 |
| 2014 | $1.1M | $1.2M | $1.2M | $372K | — | View 990 |
| 2013 | $1.2M | $1.2M | $1.1M | $290K | — | View 990 |
| 2012 | $1.2M | $1.3M | $1.1M | $251K | — | View 990 |
| 2011 | $925K | $1.0M | $1.2M | $256K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $1.1M, expenses of $1.4M, and assets of $968K (revenue +2.1% year-over-year).
- 2023: Revenue of $1.1M, expenses of $1.2M, and assets of $1.3M (revenue -8.7% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.1M, and assets of $1.4M (revenue +14.3% year-over-year).
- 2021: Revenue of $1.0M, expenses of $951K, and assets of $1.4M (revenue -17.2% year-over-year).
- 2020: Revenue of $1.2M, expenses of $1.2M, and assets of $1.4M (revenue +28.0% year-over-year).
- 2019: Revenue of $953K, expenses of $1.2M, and assets of $1.2M (revenue -30.9% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $1.4M (revenue +4.3% year-over-year).
- 2017: Revenue of $1.3M, expenses of $1.2M, and assets of $1.4M (revenue +5.6% year-over-year).
- 2016: Revenue of $1.3M, expenses of $1.2M, and assets of $1.2M (revenue +0.4% year-over-year).
- 2015: Revenue of $1.2M, expenses of $1.1M, and assets of $1.2M (revenue +12.2% year-over-year).
- 2014: Revenue of $1.1M, expenses of $1.2M, and assets of $1.2M (revenue -5.6% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $1.1M (revenue -0.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.3M, and assets of $1.1M (revenue +28.0% year-over-year).
- 2011: Revenue of $925K, expenses of $1.0M, and assets of $1.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newark School Of The Arts Inc:
Data Sources and Methodology
This transparency report for Newark School Of The Arts 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.