Wharton Institute For The Performing Arts Inc

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Wharton Institute For The Performing Arts Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Wharton Institute For The Performing Arts Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Wharton Institute For The Performing Arts Inc in one place.

Is Wharton Institute For The Performing Arts Inc Legit?

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

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Request a concise report for Wharton Institute For The Performing Arts Inc with revenue, expenses, executive compensation, red flags, peer context, and IRS source links. You can also request CSV exports or watchlist updates for future filings.

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Wharton Institute For The Performing Arts Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

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.

Organization Overview

Wharton Institute For The Performing Arts Inc is a mid-size nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 9.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: C

In 2023, Wharton Institute For The Performing Arts Inc reported a deficit of $898K with expenses exceeding revenue, holds 7.5 months of operating reserves (strong position), has a debt-to-asset ratio of 109.8% (high leverage).

Financial Trends

Over 13 years of filings (2011–2023), Wharton Institute For The Performing Arts Inc's revenue has grown at a compound annual growth rate (CAGR) of 9.4%.

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 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.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

• The organization reported a deficit of $898K, with expenses exceeding revenue.
• Debt-to-asset ratio: 109.8%.

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

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-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.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Wharton Institute For The Performing Arts Inc:

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.