Union County Arts Center Inc

Is Union County Arts Center Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Union County Arts Center Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.

About Union County Arts Center Inc

Union County Arts Center Inc (EIN: 222278631) is a nonprofit organization based in Rahway, NJ, classified under NTEE code A61Z. The organization reported total revenue of $1.9M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Union County Arts Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Union County Arts Center Inc is a mid-size nonprofit that has been operating for 46 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 3.0%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: B

In 2023, Union County Arts Center Inc reported a deficit of $170K with expenses exceeding revenue, holds 8.4 months of operating reserves (strong position), has a debt-to-asset ratio of 37.7% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Union County Arts Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 3.0%.

IRS Tax-Exempt Classification

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 Union County Arts Center 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: 15%
• programs: 70%
• fundraising: 15%

According to IRS 990 filings, Union County Arts Center Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $170K, with expenses exceeding revenue.
• Debt-to-asset ratio: 37.7%.

Executive Compensation Analysis

Executive compensation is reported as $0 across all available filings, suggesting either volunteer leadership or compensation is not reported in this specific section.

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 Union County Arts Center Inc's IRS 990 filings:

• Significant revenue volatility observed, with a 38% decrease from 2022 to 2023 ($2,352,236 to $1,914,549) and a 74% increase from 2021 to 2022 ($606,904 to $2,352,236), which could impact program stability.
• The consistent reporting of $0 for executive compensation warrants further investigation to understand the leadership structure and how key personnel are compensated, if at all.

Strengths

The following positive indicators were identified for Union County Arts Center Inc:

• Consistent growth in total assets over the past several years, from $524,803 in 2016 to $1,457,626 in 2023, demonstrates financial stability and growth.
• The organization maintains a low liability-to-asset ratio, with liabilities of $549,962 against assets of $1,457,626 in 2023, indicating good financial health.
• The organization's mission appears to be well-supported by its spending breakdown, with a significant portion allocated to programs.

Frequently Asked Questions about Union County Arts Center Inc

Filing History

IRS 990 filing history for Union County Arts Center Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Union County Arts Center Inc's revenue has grown by 41.9%, moving from $1.3M to $1.9M. Total assets increased by 211.5% over the same period, from $468K to $1.5M. Total functional expenses rose by 53.5%, from $1.4M to $2.1M. In its most recent filing year (2023), Union County Arts Center Inc reported a deficit of $170K, with expenses exceeding revenue. The organization holds $550K in liabilities against $1.5M in assets (debt-to-asset ratio: 37.7%), resulting in net assets of $908K.

Year-by-Year Financial Summary

• 2023: Revenue of $1.9M, expenses of $2.1M, and assets of $1.5M (revenue -18.6% year-over-year).
• 2022: Revenue of $2.4M, expenses of $1.6M, and assets of $1.5M (revenue +287.6% year-over-year).
• 2021: Revenue of $607K, expenses of $777K, and assets of $897K (revenue -57.4% year-over-year).
• 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $1.0M (revenue -14.6% year-over-year).
• 2019: Revenue of $1.7M, expenses of $1.5M, and assets of $795K (revenue +22.1% year-over-year).
• 2018: Revenue of $1.4M, expenses of $1.3M, and assets of $707K (revenue +9.7% year-over-year).
• 2017: Revenue of $1.2M, expenses of $1.2M, and assets of $545K (revenue +21.4% year-over-year).
• 2016: Revenue of $1.0M, expenses of $976K, and assets of $525K (revenue -19.3% year-over-year).
• 2015: Revenue of $1.3M, expenses of $1.2M, and assets of $418K (revenue +44.5% year-over-year).
• 2014: Revenue of $880K, expenses of $967K, and assets of $371K (revenue -20.1% year-over-year).
• 2013: Revenue of $1.1M, expenses of $1.2M, and assets of $429K (revenue -30.1% year-over-year).
• 2012: Revenue of $1.6M, expenses of $1.5M, and assets of $550K (revenue +16.8% year-over-year).
• 2011: Revenue of $1.3M, expenses of $1.4M, and assets of $468K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Union County Arts Center Inc:

Data Sources and Methodology

This transparency report for Union County 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.