State Theatre Regional Arts Center At New Brunswick Inc
State Theatre Regional Arts Center shows strong asset growth despite recent operating deficit.
EIN: 161616384 · New Brunswick, NJ · NTEE: A65 · Updated: 2026-03-28
Is State Theatre Regional Arts Center At New Brunswick Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
State Theatre Regional Arts Center At New Brunswick Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About State Theatre Regional Arts Center At New Brunswick Inc
State Theatre Regional Arts Center At New Brunswick Inc (EIN: 161616384) is a nonprofit organization based in New Brunswick, NJ, classified under NTEE code A65. The organization reported total revenue of $16.3M and total assets of $35.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of State Theatre Regional Arts Center At New Brunswick Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates State Theatre Regional Arts Center At New Brunswick Inc with a Mission Score of 80 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: 85%
- fundraising: 5%
According to IRS 990 filings, State Theatre Regional Arts Center At New Brunswick Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, which suggests either that no officers receive compensation or that compensation is reported in a different category, requiring further review of the full 990 forms for a complete understanding of executive pay practices.
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 State Theatre Regional Arts Center At New Brunswick Inc's IRS 990 filings:
- Operating deficit in the most recent fiscal year (2023): Expenses ($12,848,830) exceeded revenue ($11,133,654).
- Significant year-over-year revenue volatility: Revenue dropped by nearly $10 million from 2022 to 2023.
Strengths
The following positive indicators were identified for State Theatre Regional Arts Center At New Brunswick Inc:
- Strong long-term asset growth: Assets increased from $6.2 million in 2015 to $34.9 million in 2023.
- Healthy asset-to-liability ratio: Assets significantly outweigh liabilities ($34.9M vs $7.2M in 2023).
- Consistent reporting of 0% officer compensation, indicating transparency or a specific compensation structure.
- Substantial revenue generation, with latest revenue at $16,289,884.
Frequently Asked Questions about State Theatre Regional Arts Center At New Brunswick Inc
Is State Theatre Regional Arts Center At New Brunswick Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, State Theatre Regional Arts Center At New Brunswick Inc (EIN: 161616384) some concerns. Mission Score: 80/100. 2 red flags identified, 4 strengths noted.
How does State Theatre Regional Arts Center At New Brunswick Inc spend its money?
State Theatre Regional Arts Center At New Brunswick Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to State Theatre Regional Arts Center At New Brunswick Inc tax-deductible?
State Theatre Regional Arts Center At New Brunswick Inc is registered as a tax-exempt nonprofit (EIN: 161616384). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is State Theatre Regional Arts Center At New Brunswick Inc a good charity?
Based on the available data, the organization appears to be a good charity, demonstrating strong asset growth and a commitment to its mission, as evidenced by its NTEE code (A65 - Performing Arts Centers). The significant increase in assets from $6.2 million in 2015 to nearly $35 million in 2023 indicates effective long-term financial stewardship. While there was an operating deficit in 2023, this followed a substantial surplus in 2022, suggesting a dynamic financial environment typical of arts organizations.
What caused the significant revenue fluctuation between 2022 and 2023?
Revenue decreased from $21,023,526 in 2022 to $11,133,654 in 2023. This nearly $10 million drop could be due to various factors such as a decrease in grants, ticket sales, or a one-time large donation in 2022 that was not repeated in 2023. Further investigation into the specific revenue streams reported in the full 990 forms would be necessary to pinpoint the exact causes.
How does the organization manage its liabilities?
The organization's liabilities have increased from $2,003,512 in 2015 to $7,263,134 in 2023. While assets have grown significantly faster than liabilities, the increase in liabilities warrants attention to ensure they are manageable and not indicative of financial strain. The ratio of assets to liabilities remains healthy, with assets at $34,972,704 and liabilities at $7,263,134 in 2023.
Filing History
IRS 990 filing history for State Theatre Regional Arts Center At New Brunswick Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), State Theatre Regional Arts Center At New Brunswick Inc's revenue has grown by 50.2%, moving from $7.4M to $11.1M. Total assets increased by 574.7% over the same period, from $5.2M to $35.0M. Total functional expenses rose by 76.4%, from $7.3M to $12.8M. In its most recent filing year (2023), State Theatre Regional Arts Center At New Brunswick Inc reported a deficit of $1.7M, with expenses exceeding revenue. The organization holds $7.3M in liabilities against $35.0M in assets (debt-to-asset ratio: 20.8%), resulting in net assets of $27.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $11.1M | $12.8M | $35.0M | $7.3M | — | View 990 |
| 2022 | $21.0M | $11.1M | $35.6M | $6.4M | — | View 990 |
| 2021 | $12.1M | $2.4M | $26.4M | $5.9M | — | View 990 |
| 2020 | $10.8M | $9.4M | $15.9M | $4.8M | — | View 990 |
| 2019 | $14.8M | $13.8M | $16.0M | $6.1M | — | View 990 |
| 2018 | $15.0M | $12.3M | $15.1M | $6.0M | — | View 990 |
| 2017 | $14.7M | $11.8M | $12.0M | $5.3M | — | View 990 |
| 2016 | $10.5M | $10.1M | $8.1M | $3.6M | — | View 990 |
| 2015 | $10.9M | $11.0M | $6.3M | $2.0M | — | View 990 |
| 2014 | $10.4M | $9.9M | $6.3M | $1.9M | — | View 990 |
| 2013 | $9.5M | $9.4M | $5.8M | $2.2M | — | View 990 |
| 2012 | $8.7M | $8.4M | $5.1M | $1.8M | — | View 990 |
| 2011 | $7.4M | $7.3M | $5.2M | $2.1M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.1M, expenses of $12.8M, and assets of $35.0M (revenue -47.0% year-over-year).
- 2022: Revenue of $21.0M, expenses of $11.1M, and assets of $35.6M (revenue +73.8% year-over-year).
- 2021: Revenue of $12.1M, expenses of $2.4M, and assets of $26.4M (revenue +11.6% year-over-year).
- 2020: Revenue of $10.8M, expenses of $9.4M, and assets of $15.9M (revenue -26.8% year-over-year).
- 2019: Revenue of $14.8M, expenses of $13.8M, and assets of $16.0M (revenue -0.9% year-over-year).
- 2018: Revenue of $15.0M, expenses of $12.3M, and assets of $15.1M (revenue +1.7% year-over-year).
- 2017: Revenue of $14.7M, expenses of $11.8M, and assets of $12.0M (revenue +39.5% year-over-year).
- 2016: Revenue of $10.5M, expenses of $10.1M, and assets of $8.1M (revenue -3.7% year-over-year).
- 2015: Revenue of $10.9M, expenses of $11.0M, and assets of $6.3M (revenue +5.1% year-over-year).
- 2014: Revenue of $10.4M, expenses of $9.9M, and assets of $6.3M (revenue +9.9% year-over-year).
- 2013: Revenue of $9.5M, expenses of $9.4M, and assets of $5.8M (revenue +8.6% year-over-year).
- 2012: Revenue of $8.7M, expenses of $8.4M, and assets of $5.1M (revenue +17.8% year-over-year).
- 2011: Revenue of $7.4M, expenses of $7.3M, and assets of $5.2M.
Data Sources and Methodology
This transparency report for State Theatre Regional Arts Center At New Brunswick 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.