Peters Valley Craft Center Inc
Peters Valley Craft Center: Strong Program Focus, but Declining Assets and Liquidity Concerns
EIN: 221920050 · Layton, NJ · NTEE: J220 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $1.6M |
| Total Expenses | $1.7M |
| Program Spending | 80% |
| Net Assets | $476K |
| Transparency Score | 85/100 |
Is Peters Valley Craft Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Peters Valley Craft Center Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Peters Valley Craft Center Inc
Peters Valley Craft Center Inc (EIN: 221920050) is a nonprofit organization based in Layton, NJ, classified under NTEE code J220. The organization reported total revenue of $1.6M and total assets of $744K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Peters Valley Craft Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Peters Valley Craft Center Inc is a mid-size nonprofit that has been operating for 55 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-100,322 |
| Total Assets | $786K |
| Total Liabilities | $310K |
| Net Assets | $476K |
| Operating Margin | -6.2% |
| Debt-to-Asset Ratio | 39.4% |
| Months of Reserves | 5.5 months |
Financial Health Grade: B
In 2023, Peters Valley Craft Center Inc reported a deficit of $100K with expenses exceeding revenue, holds 5.5 months of operating reserves (adequate), has a debt-to-asset ratio of 39.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Peters Valley Craft Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +28.0% | +22.7% | -14.5% |
| 2022 | -27.1% | +12.1% | -14.6% |
| 2021 | +91.2% | +26.3% | +67.1% |
| 2020 | -23.7% | -18.5% | +8.0% |
| 2019 | +30.1% | +48.6% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1971 |
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 Peters Valley Craft Center 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: 10%
- programs: 80%
- fundraising: 10%
According to IRS 990 filings, Peters Valley Craft Center Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $100K, with expenses exceeding revenue.
- Debt-to-asset ratio: 39.4%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and revenue, it is likely to be reasonable and in line with similar nonprofits.
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 Peters Valley Craft Center Inc's IRS 990 filings:
- Total assets have shown a consistent decline from $1,077,289 in 2021 to $786,213 in 2023.
- Liabilities have increased from $310,042 in 2023 to $343,151 in 2022, then decreased to $310,042 in 2023, indicating some fluctuation in financial obligations.
- The organization reported expenses exceeding revenue in 2023 ($1,705,824 expenses vs. $1,605,502 revenue), 2022 ($1,389,681 expenses vs. $1,254,725 revenue), and 2020 ($982,093 expenses vs. $899,430 revenue), suggesting operational deficits in multiple years.
Strengths
The following positive indicators were identified for Peters Valley Craft Center Inc:
- Consistently high program spending, indicating a strong focus on its mission.
- Demonstrated ability to generate significant revenue, with 2023 revenue at $1,605,502.
- Long operational history with consistent financial reporting.
Frequently Asked Questions about Peters Valley Craft Center Inc
Is Peters Valley Craft Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Peters Valley Craft Center Inc (EIN: 221920050) some concerns. Mission Score: 85/100. 3 red flags identified, 3 strengths noted.
How does Peters Valley Craft Center Inc spend its money?
Peters Valley Craft Center Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Peters Valley Craft Center Inc tax-deductible?
Peters Valley Craft Center Inc is registered as a tax-exempt nonprofit (EIN: 221920050). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Peters Valley Craft Center Inc's spending goes to programs?
Peters Valley Craft Center Inc directs 80% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Peters Valley Craft Center Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Peters Valley Craft Center Inc is above average for NTEE category J220 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Peters Valley Craft Center Inc located?
Peters Valley Craft Center Inc is headquartered in Layton, New Jersey and files with the IRS under EIN 221920050. It is classified under NTEE code J220.
How many years of IRS 990 filings does Peters Valley Craft Center Inc have?
Peters Valley Craft Center 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 $1.6M in total revenue.
What does Peters Valley Craft Center Inc do?
Peters Valley Craft Center Inc is a nonprofit organization in the Employment sector, located in Layton, New Jersey. It is classified under NTEE code J220.
How much revenue does Peters Valley Craft Center Inc have?
Peters Valley Craft Center Inc reported total revenue of $1,635,169. Based on 13 IRS 990 filings on record.
What are Peters Valley Craft Center Inc's total assets?
Peters Valley Craft Center Inc holds total assets of $743,890 as reported in IRS 990 filings.
Where is Peters Valley Craft Center Inc located?
Peters Valley Craft Center Inc is based in Layton, New Jersey.
What is Peters Valley Craft Center Inc's EIN?
Peters Valley Craft Center Inc's Employer Identification Number (EIN) is 221920050. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Peters Valley Craft Center Inc?
Peters Valley Craft Center Inc is classified under NTEE code J220 (Employment).
Is Peters Valley Craft Center Inc a registered 501(c)(3)?
Yes, Peters Valley Craft Center Inc is recognized as a tax-exempt organization by the IRS. EIN: 221920050.
Does Peters Valley Craft Center Inc file IRS Form 990?
Yes, Peters Valley Craft Center Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Peters Valley Craft Center Inc's revenue in 2023?
In the 202309 filing period, Peters Valley Craft Center Inc reported total revenue of $1,605,502, total expenses of $1,705,824, and net assets of $786,213.
Is Peters Valley Craft Center Inc's revenue growing or declining?
Peters Valley Craft Center Inc's revenue is growing. Revenue went from $1,254,725 (202209) to $1,605,502 (202309), a +28.0% change. Based on 13 filings on record.
What is Peters Valley Craft Center Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Peters Valley Craft Center Inc covers tax period 202309. It shows revenue of $1,605,502, expenses of $1,705,824, total assets of $786,213, and liabilities of $310,042.
How much does Peters Valley Craft Center Inc spend on programs vs administration?
Based on IRS 990 analysis, Peters Valley Craft Center Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Peters Valley Craft Center Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Peters Valley Craft Center Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Peters Valley Craft Center Inc?
The following concerns were identified: Total assets have shown a consistent decline from $1,077,289 in 2021 to $786,213 in 2023.. Liabilities have increased from $310,042 in 2023 to $343,151 in 2022, then decreased to $310,042 in 2023, indicating some fluctuation in financial obligations.. The organization reported expenses exceeding revenue in 2023 ($1,705,824 expenses vs. $1,605,502 revenue), 2022 ($1,389,681 expenses vs. $1,254,725 revenue), and 2020 ($982,093 expenses vs. $899,430 revenue), suggesting operational deficits in multiple years.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Peters Valley Craft Center Inc's strengths?
Positive indicators for Peters Valley Craft Center Inc include: Consistently high program spending, indicating a strong focus on its mission.. Demonstrated ability to generate significant revenue, with 2023 revenue at $1,605,502.. Long operational history with consistent financial reporting.. These findings are derived from AI analysis of the organization's financial filings.
How does Peters Valley Craft Center Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but given the organization's size and revenue, it is likely to be reasonable and in line with similar nonprofits. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors are contributing to the consistent decline in total assets over the past few years, and what strategies are in place to reverse this trend?
Total assets have decreased from $1,077,289 in 2021 to $786,213 in 2023. This decline, coupled with operational deficits in recent years, suggests potential challenges in asset management or investment strategies. Further investigation into specific asset categories and investment performance would be needed to fully understand the contributing factors and evaluate strategies for reversal.
Given the recurring instances of expenses exceeding revenue, how is the organization planning to achieve long-term financial sustainability?
The organization has reported expenses exceeding revenue in multiple years (e.g., 2023, 2022, 2020). While not uncommon for nonprofits, a consistent pattern raises concerns about long-term sustainability. A detailed review of budgeting practices, fundraising effectiveness, and cost-control measures would be necessary to assess their plan for achieving financial stability.
Filing History
IRS 990 filing history for Peters Valley Craft Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Peters Valley Craft Center Inc's revenue has grown by 170.1%, moving from $594K to $1.6M. Total assets increased by 308.9% over the same period, from $192K to $786K. Total functional expenses rose by 190.3%, from $588K to $1.7M. In its most recent filing year (2023), Peters Valley Craft Center Inc reported a deficit of $100K, with expenses exceeding revenue. The organization holds $310K in liabilities against $786K in assets (debt-to-asset ratio: 39.4%), resulting in net assets of $476K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.7M | $786K | $310K | — | — |
| 2022 | $1.3M | $1.4M | $920K | $343K | — | View 990 |
| 2021 | $1.7M | $1.2M | $1.1M | $362K | — | — |
| 2020 | $899K | $982K | $645K | $411K | — | — |
| 2019 | $1.2M | $1.2M | $597K | $281K | — | View 990 |
| 2018 | $906K | $811K | $498K | $158K | — | View 990 |
| 2017 | $882K | $781K | $381K | $136K | — | View 990 |
| 2016 | $707K | $705K | $264K | $120K | — | View 990 |
| 2015 | $632K | $631K | $249K | $107K | — | View 990 |
| 2014 | $672K | $680K | $282K | $141K | — | View 990 |
| 2013 | $731K | $652K | $239K | $89K | — | View 990 |
| 2012 | $570K | $555K | $195K | $125K | — | View 990 |
| 2011 | $594K | $588K | $192K | $138K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.7M, and assets of $786K (revenue +28.0% year-over-year).
- 2022: Revenue of $1.3M, expenses of $1.4M, and assets of $920K (revenue -27.1% year-over-year).
- 2021: Revenue of $1.7M, expenses of $1.2M, and assets of $1.1M (revenue +91.2% year-over-year).
- 2020: Revenue of $899K, expenses of $982K, and assets of $645K (revenue -23.7% year-over-year).
- 2019: Revenue of $1.2M, expenses of $1.2M, and assets of $597K (revenue +30.1% year-over-year).
- 2018: Revenue of $906K, expenses of $811K, and assets of $498K (revenue +2.7% year-over-year).
- 2017: Revenue of $882K, expenses of $781K, and assets of $381K (revenue +24.8% year-over-year).
- 2016: Revenue of $707K, expenses of $705K, and assets of $264K (revenue +11.8% year-over-year).
- 2015: Revenue of $632K, expenses of $631K, and assets of $249K (revenue -5.9% year-over-year).
- 2014: Revenue of $672K, expenses of $680K, and assets of $282K (revenue -8.1% year-over-year).
- 2013: Revenue of $731K, expenses of $652K, and assets of $239K (revenue +28.1% year-over-year).
- 2012: Revenue of $570K, expenses of $555K, and assets of $195K (revenue -4.0% year-over-year).
- 2011: Revenue of $594K, expenses of $588K, and assets of $192K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Peters Valley Craft Center Inc:
Data Sources and Methodology
This transparency report for Peters Valley Craft Center 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.