Wharton Institute For The Performing Arts Inc
Wharton Institute for the Performing Arts: Strong Program Spending, but Declining Revenue and Assets
EIN: 222609457 · Berkeley Hts, NJ · Updated: 2026-04-04
About Wharton Institute For The Performing Arts Inc
Wharton Institute For The Performing Arts Inc (EIN: 222609457) is a nonprofit organization based in Berkeley Hts, NJ. The organization reported total revenue of $6.3M and total assets of $3.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Wharton Institute For The Performing Arts 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 Wharton Institute For The Performing Arts 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, Wharton Institute For The Performing Arts 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.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, but the organization's overall administrative expenses appear to be a reasonable portion of total expenditures.
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 Wharton Institute For The Performing Arts Inc's IRS 990 filings:
- Revenue has shown a declining trend from $4,109,415 in 2018 to $3,664,698 in 2023.
- Total assets have decreased significantly from $2,866,281 in 2023 to $751,397 in 2019, indicating potential financial strain or asset divestment.
- Liabilities have shown fluctuations but remain a notable portion of assets, with $3,147,397 in 2023.
Strengths
The following positive indicators were identified for Wharton Institute For The Performing Arts Inc:
- Consistently high program spending, indicating a strong commitment to its mission.
- Maintained operations despite revenue fluctuations, demonstrating resilience.
- Clear mission focused on performing arts education and enrichment.
Frequently Asked Questions about Wharton Institute For The Performing Arts Inc
What does Wharton Institute For The Performing Arts Inc do?
Wharton Institute For The Performing Arts Inc is a nonprofit organization in the Unknown sector, located in Berkeley Hts, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Wharton Institute For The Performing Arts Inc have?
Wharton Institute For The Performing Arts Inc reported total revenue of $6,345,401. Based on 13 IRS 990 filings on record.
What are Wharton Institute For The Performing Arts Inc's total assets?
Wharton Institute For The Performing Arts Inc holds total assets of $3,391,913 as reported in IRS 990 filings.
Where is Wharton Institute For The Performing Arts Inc located?
Wharton Institute For The Performing Arts Inc is based in Berkeley Hts, New Jersey.
What is Wharton Institute For The Performing Arts Inc's EIN?
Wharton Institute For The Performing Arts Inc's Employer Identification Number (EIN) is 222609457. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Wharton Institute For The Performing Arts Inc?
Wharton Institute For The Performing Arts Inc is classified under NTEE code Unknown (Unknown).
Is Wharton Institute For The Performing Arts Inc a registered 501(c)(3)?
Wharton Institute For The Performing Arts Inc appears in IRS records (EIN: 222609457). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Wharton Institute For The Performing Arts Inc file IRS Form 990?
Yes, Wharton Institute For The Performing Arts Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202306.
What was Wharton Institute For The Performing Arts Inc's revenue in 2023?
In the 202306 filing period, Wharton Institute For The Performing Arts Inc reported total revenue of $3,664,698, total expenses of $4,562,829, and net assets of $2,866,281.
Is Wharton Institute For The Performing Arts Inc's revenue growing or declining?
Wharton Institute For The Performing Arts Inc's revenue is declining. Revenue went from $4,061,176 (202206) to $3,664,698 (202306), a -9.8% change. Based on 13 filings on record.
What is Wharton Institute For The Performing Arts Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Wharton Institute For The Performing Arts Inc covers tax period 202306. It shows revenue of $3,664,698, expenses of $4,562,829, total assets of $2,866,281, and liabilities of $3,147,397.
How much does Wharton Institute For The Performing Arts Inc spend on programs vs administration?
Based on IRS 990 analysis, Wharton Institute For The Performing Arts Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Wharton Institute For The Performing Arts Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Wharton Institute For The Performing Arts Inc appears trustworthy. Mission Score: 85/100 (Excellent). 3 red flags identified. 3 strengths noted.
What are the red flags for Wharton Institute For The Performing Arts Inc?
The following concerns were identified: Revenue has shown a declining trend from $4,109,415 in 2018 to $3,664,698 in 2023.. Total assets have decreased significantly from $2,866,281 in 2023 to $751,397 in 2019, indicating potential financial strain or asset divestment.. Liabilities have shown fluctuations but remain a notable portion of assets, with $3,147,397 in 2023.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Wharton Institute For The Performing Arts Inc's strengths?
Positive indicators for Wharton Institute For The Performing Arts Inc include: Consistently high program spending, indicating a strong commitment to its mission.. Maintained operations despite revenue fluctuations, demonstrating resilience.. Clear mission focused on performing arts education and enrichment.. These findings are derived from AI analysis of the organization's financial filings.
How does Wharton Institute For The Performing Arts Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, but the organization's overall administrative expenses appear to be a reasonable portion of total expenditures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant decline in assets from $2,866,281 in 2023 to $751,397 in 2019?
The provided data shows a decrease in assets from $2,866,281 in 2023 to $751,397 in 2019. This could be due to various factors such as asset sales, depreciation, or a shift in investment strategy. Further investigation into their financial statements would be needed to pinpoint the exact causes.
How does the organization plan to address the declining revenue trend observed over the past few years?
The data indicates a general decline in revenue from $4,109,415 in 2018 to $3,664,698 in 2023. While the provided data doesn't detail specific strategies, organizations typically address this through new fundraising initiatives, program expansion, or cost-cutting measures. A review of their strategic plans or annual reports would offer more insight.
Filing History
IRS 990 filing history for Wharton Institute For The Performing Arts Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Wharton Institute For The Performing Arts Inc's revenue has grown by 193.9%, moving from $1.2M to $3.7M. Total assets increased by 268.2% over the same period, from $779K to $2.9M. Total functional expenses rose by 246.3%, from $1.3M to $4.6M. In its most recent filing year (2023), Wharton Institute For The Performing Arts Inc reported a deficit of $898K, with expenses exceeding revenue. The organization holds $3.1M in liabilities against $2.9M in assets (debt-to-asset ratio: 109.8%), resulting in net assets of $-281,116.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $3.7M | $4.6M | $2.9M | $3.1M | — | — |
| 2022 | $4.1M | $3.7M | $1.8M | $1.2M | — | View 990 |
| 2021 | $3.4M | $3.0M | $1.5M | $1.2M | — | — |
| 2020 | $3.3M | $3.1M | $1.0M | $1.1M | — | View 990 |
| 2019 | $2.7M | $3.3M | $751K | $960K | — | View 990 |
| 2018 | $4.1M | $3.5M | $1.3M | $883K | — | View 990 |
| 2017 | $2.9M | $3.0M | $1.2M | $1.4M | — | View 990 |
| 2016 | $2.9M | $3.0M | $846K | $980K | — | View 990 |
| 2015 | $2.8M | $2.6M | $979K | $945K | — | View 990 |
| 2014 | $2.2M | $2.3M | $850K | $939K | — | View 990 |
| 2013 | $2.0M | $2.1M | $818K | $837K | — | View 990 |
| 2012 | $1.2M | $1.4M | $664K | $708K | — | View 990 |
| 2011 | $1.2M | $1.3M | $779K | $575K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.7M, expenses of $4.6M, and assets of $2.9M (revenue -9.8% year-over-year).
- 2022: Revenue of $4.1M, expenses of $3.7M, and assets of $1.8M (revenue +21.2% year-over-year).
- 2021: Revenue of $3.4M, expenses of $3.0M, and assets of $1.5M (revenue +1.7% year-over-year).
- 2020: Revenue of $3.3M, expenses of $3.1M, and assets of $1.0M (revenue +21.4% year-over-year).
- 2019: Revenue of $2.7M, expenses of $3.3M, and assets of $751K (revenue -33.9% year-over-year).
- 2018: Revenue of $4.1M, expenses of $3.5M, and assets of $1.3M (revenue +42.7% year-over-year).
- 2017: Revenue of $2.9M, expenses of $3.0M, and assets of $1.2M (revenue +1.0% year-over-year).
- 2016: Revenue of $2.9M, expenses of $3.0M, and assets of $846K (revenue +3.4% year-over-year).
- 2015: Revenue of $2.8M, expenses of $2.6M, and assets of $979K (revenue +23.1% year-over-year).
- 2014: Revenue of $2.2M, expenses of $2.3M, and assets of $850K (revenue +11.2% year-over-year).
- 2013: Revenue of $2.0M, expenses of $2.1M, and assets of $818K (revenue +74.7% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.4M, and assets of $664K (revenue -7.6% year-over-year).
- 2011: Revenue of $1.2M, expenses of $1.3M, and assets of $779K.
Data Sources and Methodology
This transparency report for Wharton Institute For The Performing Arts 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.