Spectrum 360 A New Jersey Nonprofit Corporation
Spectrum 360: Steady Growth, Strong Program Focus
EIN: 221500529 · Verona, NJ · NTEE: B28Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $39.6M |
| Total Expenses | $35.8M |
| Program Spending | 89% |
| Net Assets | $11.1M |
| Transparency Score | 85/100 |
Is Spectrum 360 A New Jersey Nonprofit Corporation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Spectrum 360 A New Jersey Nonprofit Corporation directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Spectrum 360 A New Jersey Nonprofit Corporation
Spectrum 360 A New Jersey Nonprofit Corporation (EIN: 221500529) is a nonprofit organization based in Verona, NJ, classified under NTEE code B28Z. The organization reported total revenue of $39.6M and total assets of $34.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Spectrum 360 A New Jersey Nonprofit Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Spectrum 360 A New Jersey Nonprofit Corporation is a large nonprofit that has been operating for 85 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 11.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $36.4M |
| Total Expenses | $35.8M |
| Surplus / Deficit | +$562K |
| Total Assets | $34.8M |
| Total Liabilities | $23.8M |
| Net Assets | $11.1M |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 68.3% |
| Months of Reserves | 11.7 months |
Financial Health Grade: A
In 2023, Spectrum 360 A New Jersey Nonprofit Corporation reported a surplus of $562K with revenue exceeding expenses, holds 11.7 months of operating reserves (strong position), has a debt-to-asset ratio of 68.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Spectrum 360 A New Jersey Nonprofit Corporation's revenue has grown at a compound annual growth rate (CAGR) of 11.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.5% | +9.1% | +46.7% |
| 2022 | -1.9% | +1.1% | -0.3% |
| 2021 | +12.5% | +10.5% | -6.6% |
| 2020 | +12.9% | +12.5% | +39.4% |
| 2019 | +10.6% | +11.8% | +24.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1941 |
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 Spectrum 360 A New Jersey Nonprofit Corporation 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: 5%
- programs: 89%
- fundraising: 6%
According to IRS 990 filings, Spectrum 360 A New Jersey Nonprofit Corporation allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% 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 surplus of $562K, with revenue exceeding expenses.
- Debt-to-asset ratio: 68.3%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0%, suggesting it's either not reported in this specific data point or is included within other expense categories.
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 Spectrum 360 A New Jersey Nonprofit Corporation's IRS 990 filings:
- Significant increase in liabilities from $6,951,517 in 2016 to $23,777,216 in 2023 without clear explanation in the provided data.
Strengths
The following positive indicators were identified for Spectrum 360 A New Jersey Nonprofit Corporation:
- Consistent revenue growth over the past seven years, nearly doubling from 2016 to 2023.
- Strong program spending, with expenses consistently exceeding 89% of total expenses.
- Healthy asset growth, from $13,892,679 in 2016 to $34,641,053 in 2023.
Frequently Asked Questions about Spectrum 360 A New Jersey Nonprofit Corporation
Is Spectrum 360 A New Jersey Nonprofit Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Spectrum 360 A New Jersey Nonprofit Corporation (EIN: 221500529) some concerns. Mission Score: 85/100. 1 red flag identified, 3 strengths noted.
How does Spectrum 360 A New Jersey Nonprofit Corporation spend its money?
Spectrum 360 A New Jersey Nonprofit Corporation directs 89% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Spectrum 360 A New Jersey Nonprofit Corporation tax-deductible?
Spectrum 360 A New Jersey Nonprofit Corporation is registered as a tax-exempt nonprofit (EIN: 221500529). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Spectrum 360 A New Jersey Nonprofit Corporation's spending goes to programs?
Spectrum 360 A New Jersey Nonprofit Corporation directs 89% to programs, 6% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Spectrum 360 A New Jersey Nonprofit Corporation compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Spectrum 360 A New Jersey Nonprofit Corporation is above average for NTEE category B28Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Spectrum 360 A New Jersey Nonprofit Corporation located?
Spectrum 360 A New Jersey Nonprofit Corporation is headquartered in Verona, New Jersey and files with the IRS under EIN 221500529. It is classified under NTEE code B28Z.
How many years of IRS 990 filings does Spectrum 360 A New Jersey Nonprofit Corporation have?
Spectrum 360 A New Jersey Nonprofit Corporation 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 $39.6M in total revenue.
What does Spectrum 360 A New Jersey Nonprofit Corporation do?
Spectrum 360 A New Jersey Nonprofit Corporation is a nonprofit organization in the Education sector, located in Verona, New Jersey. It is classified under NTEE code B28Z.
How much revenue does Spectrum 360 A New Jersey Nonprofit Corporation have?
Spectrum 360 A New Jersey Nonprofit Corporation reported total revenue of $39,557,139. Based on 13 IRS 990 filings on record.
What are Spectrum 360 A New Jersey Nonprofit Corporation's total assets?
Spectrum 360 A New Jersey Nonprofit Corporation holds total assets of $34,641,053 as reported in IRS 990 filings.
Where is Spectrum 360 A New Jersey Nonprofit Corporation located?
Spectrum 360 A New Jersey Nonprofit Corporation is based in Verona, New Jersey.
What is Spectrum 360 A New Jersey Nonprofit Corporation's EIN?
Spectrum 360 A New Jersey Nonprofit Corporation's Employer Identification Number (EIN) is 221500529. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Spectrum 360 A New Jersey Nonprofit Corporation?
Spectrum 360 A New Jersey Nonprofit Corporation is classified under NTEE code B28Z (Education).
Is Spectrum 360 A New Jersey Nonprofit Corporation a registered 501(c)(3)?
Yes, Spectrum 360 A New Jersey Nonprofit Corporation is recognized as a tax-exempt organization by the IRS. EIN: 221500529.
Does Spectrum 360 A New Jersey Nonprofit Corporation file IRS Form 990?
Yes, Spectrum 360 A New Jersey Nonprofit Corporation has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Spectrum 360 A New Jersey Nonprofit Corporation's revenue in 2023?
In the 202306 filing period, Spectrum 360 A New Jersey Nonprofit Corporation reported total revenue of $36,356,997, total expenses of $35,794,634, and net assets of $34,828,292.
Is Spectrum 360 A New Jersey Nonprofit Corporation's revenue growing or declining?
Spectrum 360 A New Jersey Nonprofit Corporation's revenue is growing. Revenue went from $32,897,853 (202206) to $36,356,997 (202306), a +10.5% change. Based on 13 filings on record.
What is Spectrum 360 A New Jersey Nonprofit Corporation's most recent 990 filing?
The most recent IRS Form 990 filing for Spectrum 360 A New Jersey Nonprofit Corporation covers tax period 202306. It shows revenue of $36,356,997, expenses of $35,794,634, total assets of $34,828,292, and liabilities of $23,777,216.
How much does Spectrum 360 A New Jersey Nonprofit Corporation spend on programs vs administration?
Based on IRS 990 analysis, Spectrum 360 A New Jersey Nonprofit Corporation allocates approximately 89% of expenses to program services, 5% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Spectrum 360 A New Jersey Nonprofit Corporation a trustworthy charity?
Based on AI analysis of IRS 990 data, Spectrum 360 A New Jersey Nonprofit Corporation appears trustworthy. Mission Score: 85/100 (Excellent). 1 red flag identified. 3 strengths noted.
What are the red flags for Spectrum 360 A New Jersey Nonprofit Corporation?
The following concerns were identified: Significant increase in liabilities from $6,951,517 in 2016 to $23,777,216 in 2023 without clear explanation in the provided data.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Spectrum 360 A New Jersey Nonprofit Corporation's strengths?
Positive indicators for Spectrum 360 A New Jersey Nonprofit Corporation include: Consistent revenue growth over the past seven years, nearly doubling from 2016 to 2023.. Strong program spending, with expenses consistently exceeding 89% of total expenses.. Healthy asset growth, from $13,892,679 in 2016 to $34,641,053 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Spectrum 360 A New Jersey Nonprofit Corporation compensate executives?
Executive compensation is not explicitly detailed in the provided data, as the 'c' field consistently shows 0%, suggesting it's either not reported in this specific data point or is included within other expense categories. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What is driving the substantial increase in liabilities for Spectrum 360, and how does this impact their long-term financial stability?
The provided data shows liabilities growing from $6,951,517 in 2016 to $23,777,216 in 2023. Without further detail on the nature of these liabilities (e.g., mortgages, program-related debt, deferred revenue), it's difficult to assess their impact. However, this trend warrants a deeper dive into their financial statements to understand the underlying causes and potential risks.
Given the consistent 0% reported for 'c' (compensation from related parties), how does Spectrum 360 ensure fair and transparent executive compensation practices?
The 'c' field consistently being 0% suggests that either executive compensation is not derived from related parties or this specific data point doesn't capture the full picture of executive compensation. To ensure transparency, it would be crucial to review their IRS Form 990 filings for detailed compensation figures for key employees and officers.
Filing History
IRS 990 filing history for Spectrum 360 A New Jersey Nonprofit Corporation showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Spectrum 360 A New Jersey Nonprofit Corporation's revenue has grown by 269.7%, moving from $9.8M to $36.4M. Total assets increased by 331.4% over the same period, from $8.1M to $34.8M. Total functional expenses rose by 231.6%, from $10.8M to $35.8M. In its most recent filing year (2023), Spectrum 360 A New Jersey Nonprofit Corporation reported a surplus of $562K, with revenue exceeding expenses. The organization holds $23.8M in liabilities against $34.8M in assets (debt-to-asset ratio: 68.3%), resulting in net assets of $11.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $36.4M | $35.8M | $34.8M | $23.8M | — | View 990 |
| 2022 | $32.9M | $32.8M | $23.7M | $13.4M | — | View 990 |
| 2021 | $33.5M | $32.4M | $23.8M | $14.3M | — | View 990 |
| 2020 | $29.8M | $29.4M | $25.5M | $17.5M | — | View 990 |
| 2019 | $26.4M | $26.1M | $18.3M | $10.2M | — | View 990 |
| 2018 | $23.9M | $23.4M | $14.7M | $6.9M | — | View 990 |
| 2017 | $21.6M | $21.3M | $14.2M | $7.0M | — | View 990 |
| 2016 | $20.4M | $19.7M | $13.9M | $7.0M | — | View 990 |
| 2015 | $17.3M | $17.2M | $15.0M | $8.7M | — | View 990 |
| 2014 | $16.5M | $16.2M | $14.8M | $8.6M | — | View 990 |
| 2013 | $13.4M | $13.2M | $13.9M | $8.0M | — | View 990 |
| 2012 | $10.9M | $11.0M | $11.8M | $6.0M | — | View 990 |
| 2011 | $9.8M | $10.8M | $8.1M | $2.2M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $36.4M, expenses of $35.8M, and assets of $34.8M (revenue +10.5% year-over-year).
- 2022: Revenue of $32.9M, expenses of $32.8M, and assets of $23.7M (revenue -1.9% year-over-year).
- 2021: Revenue of $33.5M, expenses of $32.4M, and assets of $23.8M (revenue +12.5% year-over-year).
- 2020: Revenue of $29.8M, expenses of $29.4M, and assets of $25.5M (revenue +12.9% year-over-year).
- 2019: Revenue of $26.4M, expenses of $26.1M, and assets of $18.3M (revenue +10.6% year-over-year).
- 2018: Revenue of $23.9M, expenses of $23.4M, and assets of $14.7M (revenue +10.6% year-over-year).
- 2017: Revenue of $21.6M, expenses of $21.3M, and assets of $14.2M (revenue +6.0% year-over-year).
- 2016: Revenue of $20.4M, expenses of $19.7M, and assets of $13.9M (revenue +17.6% year-over-year).
- 2015: Revenue of $17.3M, expenses of $17.2M, and assets of $15.0M (revenue +5.1% year-over-year).
- 2014: Revenue of $16.5M, expenses of $16.2M, and assets of $14.8M (revenue +22.9% year-over-year).
- 2013: Revenue of $13.4M, expenses of $13.2M, and assets of $13.9M (revenue +23.1% year-over-year).
- 2012: Revenue of $10.9M, expenses of $11.0M, and assets of $11.8M (revenue +10.6% year-over-year).
- 2011: Revenue of $9.8M, expenses of $10.8M, and assets of $8.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Spectrum 360 A New Jersey Nonprofit Corporation:
Data Sources and Methodology
This transparency report for Spectrum 360 A New Jersey Nonprofit Corporation 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.