Woodbridge Arts Alliance
EIN: 454503087 · Avenel, NJ · NTEE: A20
| Metric | Value |
|---|---|
| Total Revenue | $1.3M |
| Total Expenses | $717K |
| Net Assets | $-4,403,250 |
Is Woodbridge Arts Alliance Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Woodbridge Arts Alliance
Woodbridge Arts Alliance (EIN: 454503087) is a nonprofit organization based in Avenel, NJ, classified under NTEE code A20. The organization reported total revenue of $1.3M and total assets of $250K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Woodbridge Arts Alliance's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Woodbridge Arts Alliance is a mid-size nonprofit that has been operating for 10 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -52.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $16K |
| Total Expenses | $717K |
| Surplus / Deficit | $-700,633 |
| Total Assets | $257K |
| Total Liabilities | $4.7M |
| Net Assets | $-4,403,250 |
| Operating Margin | -4305.2% |
| Debt-to-Asset Ratio | 1812.1% |
| Months of Reserves | 4.3 months |
Financial Health Grade: C
In 2023, Woodbridge Arts Alliance reported a deficit of $701K with expenses exceeding revenue, holds 4.3 months of operating reserves (adequate), has a debt-to-asset ratio of 1812.1% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), Woodbridge Arts Alliance's revenue has declined at a compound annual growth rate (CAGR) of -52.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -96.6% | -41.1% | +178.7% |
| 2022 | -7.6% | +50.8% | -60.6% |
| 2021 | +214.5% | +33.0% | +38.9% |
| 2020 | -49.6% | -57.8% | +50.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Woodbridge Arts Alliance has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Woodbridge Arts Alliance with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $701K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1812.1%.
Frequently Asked Questions about Woodbridge Arts Alliance
Is Woodbridge Arts Alliance a legitimate charity?
Based on AI analysis of IRS 990 filings, Woodbridge Arts Alliance (EIN: 454503087) insufficient data. 0 red flags identified, 0 strengths noted.
How does Woodbridge Arts Alliance spend its money?
Detailed spending breakdown data is not yet available for Woodbridge Arts Alliance. Check back for updated IRS 990 analysis.
Are donations to Woodbridge Arts Alliance tax-deductible?
Woodbridge Arts Alliance is registered as a tax-exempt nonprofit (EIN: 454503087). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Woodbridge Arts Alliance located?
Woodbridge Arts Alliance is headquartered in Avenel, New Jersey and files with the IRS under EIN 454503087. It is classified under NTEE code A20.
How many years of IRS 990 filings does Woodbridge Arts Alliance have?
Woodbridge Arts Alliance has 5 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 $1.3M in total revenue.
Filing History
IRS 990 filing history for Woodbridge Arts Alliance showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), Woodbridge Arts Alliance's revenue has declined by 94.9%, moving from $322K to $16K. Total assets increased by 129.8% over the same period, from $112K to $257K. Total functional expenses fell by 50.1%, from $1.4M to $717K. In its most recent filing year (2023), Woodbridge Arts Alliance reported a deficit of $701K, with expenses exceeding revenue. The organization holds $4.7M in liabilities against $257K in assets (debt-to-asset ratio: 1812.1%), resulting in net assets of $-4,403,250.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $16K | $717K | $257K | $4.7M | — | View 990 |
| 2022 | $472K | $1.2M | $92K | $3.8M | — | View 990 |
| 2021 | $511K | $806K | $235K | $2.7M | — | View 990 |
| 2020 | $162K | $606K | $169K | $2.2M | — | View 990 |
| 2019 | $322K | $1.4M | $112K | $1.3M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $16K, expenses of $717K, and assets of $257K (revenue -96.6% year-over-year).
- 2022: Revenue of $472K, expenses of $1.2M, and assets of $92K (revenue -7.6% year-over-year).
- 2021: Revenue of $511K, expenses of $806K, and assets of $235K (revenue +214.5% year-over-year).
- 2020: Revenue of $162K, expenses of $606K, and assets of $169K (revenue -49.6% year-over-year).
- 2019: Revenue of $322K, expenses of $1.4M, and assets of $112K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Woodbridge Arts Alliance:
Data Sources and Methodology
This transparency report for Woodbridge Arts Alliance 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.