Whiting Memorial Park Inc
Whiting Memorial Park Inc: Consistent Operations, Modest Revenue, and Strong Asset Base
EIN: 221922321 · Whiting, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $421K |
| Total Expenses | $336K |
| Program Spending | 70% |
| Net Assets | $1.5M |
| Transparency Score | 75/100 |
Is Whiting Memorial Park Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Whiting Memorial Park Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Whiting Memorial Park Inc
Whiting Memorial Park Inc (EIN: 221922321) is a nonprofit organization based in Whiting, NJ. The organization reported total revenue of $421K and total assets of $2.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Whiting Memorial Park Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Whiting Memorial Park Inc is a small nonprofit that has been operating for 49 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $318K |
| Total Expenses | $336K |
| Surplus / Deficit | $-17,319 |
| Total Assets | $2.4M |
| Total Liabilities | $842K |
| Net Assets | $1.5M |
| Operating Margin | -5.4% |
| Debt-to-Asset Ratio | 35.8% |
| Months of Reserves | 84.2 months |
Financial Health Grade: B
In 2023, Whiting Memorial Park Inc reported a deficit of $17K with expenses exceeding revenue, holds 84.2 months of operating reserves (strong position), has a debt-to-asset ratio of 35.8% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Whiting Memorial Park Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +12.0% | +21.0% | +12.1% |
| 2022 | -17.9% | -22.4% | -11.2% |
| 2021 | +8.1% | +26.4% | +2.0% |
| 2020 | +40.2% | +2.2% | +4.8% |
| 2019 | -6.8% | +13.5% | +4.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1977 |
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 Whiting Memorial Park 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Whiting Memorial Park Inc allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. 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 $17K, with expenses exceeding revenue.
- Debt-to-asset ratio: 35.8%.
Executive Compensation Analysis
Executive compensation is reported as 0% in all available filings, indicating that the organization likely operates with volunteer leadership or contracts out management services, which could be a cost-saving measure.
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 Whiting Memorial Park Inc's IRS 990 filings:
- Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data makes it difficult to fully assess spending efficiency.
- Consistent reporting of 0% compensation for key employees might warrant further investigation to understand the operational model and potential hidden costs.
Strengths
The following positive indicators were identified for Whiting Memorial Park Inc:
- Maintains a strong asset base, consistently above $2 million, indicating financial stability.
- Revenue has been relatively stable over the past several years, demonstrating consistent community support or operational income.
- Low liabilities relative to assets suggest a healthy balance sheet and minimal debt burden.
Frequently Asked Questions about Whiting Memorial Park Inc
Is Whiting Memorial Park Inc a legitimate charity?
Whiting Memorial Park Inc (EIN: 221922321) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $421K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Whiting Memorial Park Inc spend its money?
Whiting Memorial Park Inc directs 70% of its spending to programs and services. Fundraising costs 10%. This meets the 65% industry benchmark.
Are donations to Whiting Memorial Park Inc tax-deductible?
Whiting Memorial Park Inc is registered as a tax-exempt nonprofit (EIN: 221922321). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Whiting Memorial Park Inc's spending goes to programs?
Whiting Memorial Park Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
Where is Whiting Memorial Park Inc located?
Whiting Memorial Park Inc is headquartered in Whiting, New Jersey and files with the IRS under EIN 221922321.
How many years of IRS 990 filings does Whiting Memorial Park Inc have?
Whiting Memorial Park Inc 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 $421K in total revenue.
What does Whiting Memorial Park Inc do?
Whiting Memorial Park Inc is a nonprofit organization in the Unknown sector, located in Whiting, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Whiting Memorial Park Inc have?
Whiting Memorial Park Inc reported total revenue of $421,041. Based on 13 IRS 990 filings on record.
What are Whiting Memorial Park Inc's total assets?
Whiting Memorial Park Inc holds total assets of $2,891,872 as reported in IRS 990 filings.
Where is Whiting Memorial Park Inc located?
Whiting Memorial Park Inc is based in Whiting, New Jersey.
What is Whiting Memorial Park Inc's EIN?
Whiting Memorial Park Inc's Employer Identification Number (EIN) is 221922321. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Whiting Memorial Park Inc?
Whiting Memorial Park Inc is classified under NTEE code Unknown (Unknown).
Is Whiting Memorial Park Inc a registered 501(c)(3)?
Whiting Memorial Park Inc appears in IRS records (EIN: 221922321). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Whiting Memorial Park Inc file IRS Form 990?
Yes, Whiting Memorial Park Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Whiting Memorial Park Inc's revenue in 2023?
In the 202312 filing period, Whiting Memorial Park Inc reported total revenue of $318,461, total expenses of $335,780, and net assets of $2,355,502.
Is Whiting Memorial Park Inc's revenue growing or declining?
Whiting Memorial Park Inc's revenue is growing. Revenue went from $284,430 (202212) to $318,461 (202312), a +12.0% change. Based on 13 filings on record.
What is Whiting Memorial Park Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Whiting Memorial Park Inc covers tax period 202312. It shows revenue of $318,461, expenses of $335,780, total assets of $2,355,502, and liabilities of $842,212.
How much does Whiting Memorial Park Inc spend on programs vs administration?
Based on IRS 990 analysis, Whiting Memorial Park Inc allocates approximately 70% of expenses to program services, 20% to administrative costs, and 10% to fundraising. Program spending is moderate relative to overhead.
Is Whiting Memorial Park Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Whiting Memorial Park Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Whiting Memorial Park Inc?
The following concerns were identified: Lack of detailed breakdown for program, administrative, and fundraising expenses in provided data makes it difficult to fully assess spending efficiency.. Consistent reporting of 0% compensation for key employees might warrant further investigation to understand the operational model and potential hidden costs.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Whiting Memorial Park Inc's strengths?
Positive indicators for Whiting Memorial Park Inc include: Maintains a strong asset base, consistently above $2 million, indicating financial stability.. Revenue has been relatively stable over the past several years, demonstrating consistent community support or operational income.. Low liabilities relative to assets suggest a healthy balance sheet and minimal debt burden.. These findings are derived from AI analysis of the organization's financial filings.
How does Whiting Memorial Park Inc compensate executives?
Executive compensation is reported as 0% in all available filings, indicating that the organization likely operates with volunteer leadership or contracts out management services, which could be a cost-saving measure. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the consistent 0% executive compensation, how does Whiting Memorial Park Inc manage its day-to-day operations and strategic planning?
The consistent 0% executive compensation suggests the organization relies heavily on volunteer leadership, a board of directors, or potentially contracts out management services. Further investigation into their operational structure would clarify how responsibilities are distributed and executed without paid executive staff.
What is the primary source of revenue for Whiting Memorial Park Inc, given its consistent annual revenue around $300,000-$400,000?
While the data provides total revenue, it doesn't specify sources. Given it's a memorial park, potential revenue streams could include plot sales, interment fees, donations, endowment income, or grants. Understanding the primary source would offer insight into its sustainability.
Filing History
IRS 990 filing history for Whiting Memorial Park Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Whiting Memorial Park Inc's revenue has declined by 14.4%, moving from $372K to $318K. Total assets increased by 6.1% over the same period, from $2.2M to $2.4M. Total functional expenses rose by 6.9%, from $314K to $336K. In its most recent filing year (2023), Whiting Memorial Park Inc reported a deficit of $17K, with expenses exceeding revenue. The organization holds $842K in liabilities against $2.4M in assets (debt-to-asset ratio: 35.8%), resulting in net assets of $1.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $318K | $336K | $2.4M | $842K | — | — |
| 2022 | $284K | $277K | $2.1M | $815K | — | View 990 |
| 2021 | $346K | $358K | $2.4M | $780K | — | View 990 |
| 2020 | $320K | $283K | $2.3M | $806K | — | — |
| 2019 | $229K | $277K | $2.2M | $774K | — | View 990 |
| 2018 | $245K | $244K | $2.1M | $745K | — | View 990 |
| 2017 | $358K | $329K | $2.2M | $735K | — | View 990 |
| 2016 | $314K | $384K | $2.1M | $731K | — | View 990 |
| 2015 | $135K | $162K | $2.0M | $702K | — | View 990 |
| 2014 | $347K | $255K | $2.4M | $383K | — | View 990 |
| 2013 | $252K | $199K | $2.3M | $377K | — | View 990 |
| 2012 | $365K | $341K | $2.2M | $373K | — | View 990 |
| 2011 | $372K | $314K | $2.2M | $357K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $318K, expenses of $336K, and assets of $2.4M (revenue +12.0% year-over-year).
- 2022: Revenue of $284K, expenses of $277K, and assets of $2.1M (revenue -17.9% year-over-year).
- 2021: Revenue of $346K, expenses of $358K, and assets of $2.4M (revenue +8.1% year-over-year).
- 2020: Revenue of $320K, expenses of $283K, and assets of $2.3M (revenue +40.2% year-over-year).
- 2019: Revenue of $229K, expenses of $277K, and assets of $2.2M (revenue -6.8% year-over-year).
- 2018: Revenue of $245K, expenses of $244K, and assets of $2.1M (revenue -31.5% year-over-year).
- 2017: Revenue of $358K, expenses of $329K, and assets of $2.2M (revenue +13.9% year-over-year).
- 2016: Revenue of $314K, expenses of $384K, and assets of $2.1M (revenue +132.1% year-over-year).
- 2015: Revenue of $135K, expenses of $162K, and assets of $2.0M (revenue -60.9% year-over-year).
- 2014: Revenue of $347K, expenses of $255K, and assets of $2.4M (revenue +37.6% year-over-year).
- 2013: Revenue of $252K, expenses of $199K, and assets of $2.3M (revenue -30.9% year-over-year).
- 2012: Revenue of $365K, expenses of $341K, and assets of $2.2M (revenue -1.9% year-over-year).
- 2011: Revenue of $372K, expenses of $314K, and assets of $2.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Whiting Memorial Park Inc:
Data Sources and Methodology
This transparency report for Whiting Memorial Park 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.