South Orange Performing Arts Center Inc
EIN: 320074004 · South Orange, NJ · NTEE: A60
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.9M |
| Net Assets | $1.9M |
Is South Orange Performing Arts Center Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About South Orange Performing Arts Center Inc
South Orange Performing Arts Center Inc (EIN: 320074004) is a nonprofit organization based in South Orange, NJ, classified under NTEE code A60. The organization reported total revenue of $2.9M and total assets of $2.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of South Orange Performing Arts Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
South Orange Performing Arts Center Inc is a mid-size nonprofit that has been operating for 25 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 0.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.5M |
| Total Expenses | $2.9M |
| Surplus / Deficit | $-347,558 |
| Total Assets | $2.3M |
| Total Liabilities | $392K |
| Net Assets | $1.9M |
| Operating Margin | -13.8% |
| Debt-to-Asset Ratio | 17.4% |
| Months of Reserves | 9.5 months |
Financial Health Grade: B
In 2023, South Orange Performing Arts Center Inc reported a deficit of $348K with expenses exceeding revenue, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 17.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), South Orange Performing Arts Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 0.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.4% | +13.3% | -18.6% |
| 2022 | +184.8% | +101.8% | +98.1% |
| 2021 | -32.8% | -46.7% | +49.8% |
| 2020 | -21.4% | -17.2% | +5.6% |
| 2019 | +6.7% | +9.4% | -4.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for South Orange Performing Arts Center Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates South Orange Performing Arts Center Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $348K, with expenses exceeding revenue.
- Debt-to-asset ratio: 17.4%.
Frequently Asked Questions about South Orange Performing Arts Center Inc
Is South Orange Performing Arts Center Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, South Orange Performing Arts Center Inc (EIN: 320074004) insufficient data. 0 red flags identified, 0 strengths noted.
How does South Orange Performing Arts Center Inc spend its money?
Detailed spending breakdown data is not yet available for South Orange Performing Arts Center Inc. Check back for updated IRS 990 analysis.
Are donations to South Orange Performing Arts Center Inc tax-deductible?
South Orange Performing Arts Center Inc is registered as a tax-exempt nonprofit (EIN: 320074004). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is South Orange Performing Arts Center Inc located?
South Orange Performing Arts Center Inc is headquartered in South Orange, New Jersey and files with the IRS under EIN 320074004. It is classified under NTEE code A60.
How many years of IRS 990 filings does South Orange Performing Arts Center Inc have?
South Orange Performing Arts 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 $2.9M in total revenue.
Filing History
IRS 990 filing history for South Orange Performing Arts Center Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), South Orange Performing Arts Center Inc's revenue has grown by 10%, moving from $2.3M to $2.5M. Total assets decreased by 83% over the same period, from $13.3M to $2.3M. Total functional expenses rose by 3.1%, from $2.8M to $2.9M. In its most recent filing year (2023), South Orange Performing Arts Center Inc reported a deficit of $348K, with expenses exceeding revenue. The organization holds $392K in liabilities against $2.3M in assets (debt-to-asset ratio: 17.4%), resulting in net assets of $1.9M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.9M | $2.3M | $392K | — | — |
| 2022 | $4.2M | $2.5M | $2.8M | $608K | — | View 990 |
| 2021 | $1.5M | $1.3M | $1.4M | $865K | — | View 990 |
| 2020 | $2.2M | $2.3M | $935K | $628K | — | View 990 |
| 2019 | $2.8M | $2.8M | $886K | $434K | — | View 990 |
| 2018 | $2.6M | $2.6M | $924K | $439K | — | View 990 |
| 2017 | $2.5M | $2.5M | $735K | $284K | — | View 990 |
| 2016 | $2.4M | $2.3M | $646K | $203K | — | View 990 |
| 2015 | $2.6M | $2.4M | $537K | $248K | — | View 990 |
| 2014 | $2.4M | $2.3M | $243K | $173K | — | View 990 |
| 2013 | $1.9M | $2.3M | $322K | $293K | — | View 990 |
| 2012 | $1.4M | $2.3M | $12.9M | $15.5M | — | View 990 |
| 2011 | $2.3M | $2.8M | $13.3M | $15.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.9M, and assets of $2.3M (revenue -40.4% year-over-year).
- 2022: Revenue of $4.2M, expenses of $2.5M, and assets of $2.8M (revenue +184.8% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.3M, and assets of $1.4M (revenue -32.8% year-over-year).
- 2020: Revenue of $2.2M, expenses of $2.3M, and assets of $935K (revenue -21.4% year-over-year).
- 2019: Revenue of $2.8M, expenses of $2.8M, and assets of $886K (revenue +6.7% year-over-year).
- 2018: Revenue of $2.6M, expenses of $2.6M, and assets of $924K (revenue +5.7% year-over-year).
- 2017: Revenue of $2.5M, expenses of $2.5M, and assets of $735K (revenue +2.2% year-over-year).
- 2016: Revenue of $2.4M, expenses of $2.3M, and assets of $646K (revenue -7.5% year-over-year).
- 2015: Revenue of $2.6M, expenses of $2.4M, and assets of $537K (revenue +11.3% year-over-year).
- 2014: Revenue of $2.4M, expenses of $2.3M, and assets of $243K (revenue +26.1% year-over-year).
- 2013: Revenue of $1.9M, expenses of $2.3M, and assets of $322K (revenue +31.0% year-over-year).
- 2012: Revenue of $1.4M, expenses of $2.3M, and assets of $12.9M (revenue -37.4% year-over-year).
- 2011: Revenue of $2.3M, expenses of $2.8M, and assets of $13.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for South Orange Performing Arts Center Inc:
Data Sources and Methodology
This transparency report for South Orange Performing Arts 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.