Elm Court Inc
Elm Court Inc. maintains operational stability with consistent revenue but faces long-term asset-to-liability imbalance.
EIN: 208984541 · Princeton, NJ · NTEE: E91 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Program Spending | 80% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $-3,557,234 |
| Transparency Score | 70/100 |
Is Elm Court Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Elm Court Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Elm Court Inc
Elm Court Inc (EIN: 208984541) is a nonprofit organization based in Princeton, NJ, classified under NTEE code E91. The organization reported total revenue of $1.9M and total assets of $3.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Elm Court Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Elm Court Inc is a mid-size nonprofit that has been operating for 18 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.9M |
| Total Expenses | $1.8M |
| Surplus / Deficit | +$45K |
| Total Assets | $3.9M |
| Total Liabilities | $7.5M |
| Net Assets | $-3,557,234 |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 190.4% |
| Months of Reserves | 25.7 months |
Financial Health Grade: A
In 2023, Elm Court Inc reported a surplus of $45K with revenue exceeding expenses, holds 25.7 months of operating reserves (strong position), has a debt-to-asset ratio of 190.4% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Elm Court Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.9% | +5.6% | -2.0% |
| 2022 | +3.2% | +5.5% | -1.2% |
| 2021 | +6.7% | -7.6% | -0.4% |
| 2020 | -0.9% | +11.2% | -7.0% |
| 2019 | -0.4% | -1.5% | -3.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Elm Court Inc with a Mission Score of 70 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: 80%
- fundraising: 5%
According to IRS 990 filings, Elm Court Inc allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 surplus of $45K, with revenue exceeding expenses.
- Debt-to-asset ratio: 190.4%.
Executive Compensation Analysis
Elm Court Inc. consistently reports 0% officer compensation across all available filings, suggesting either a volunteer executive leadership or that executive salaries are categorized under other expense lines, which limits transparency regarding leadership costs relative to the organization's size and revenue of nearly $2 million.
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 Elm Court Inc's IRS 990 filings:
- Persistent high liabilities relative to assets, indicating potential long-term solvency concerns (e.g., $7,493,080 liabilities vs. $3,935,846 assets in 2023).
- Gradual decline in total assets over the past decade, from $4,486,204 in 2014 to $3,935,846 in 2023.
- Lack of reported officer compensation (0% across all filings) could indicate a lack of transparency regarding executive remuneration if leaders are indeed compensated.
Strengths
The following positive indicators were identified for Elm Court Inc:
- Consistent revenue generation, with recent years showing revenues exceeding expenses (e.g., $1,884,550 revenue vs. $1,839,496 expenses in 2023).
- Stable operational expenses, indicating predictable financial management.
- Long history of IRS 990 filings (13 filings), suggesting consistent compliance and transparency in reporting.
Frequently Asked Questions about Elm Court Inc
Is Elm Court Inc a legitimate charity?
Elm Court Inc (EIN: 208984541) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 70/100. It has 13 years of IRS 990 filings on record. Total revenue: $1.9M. 3 red flags identified. 3 strengths noted. Financial health grade: A.
How does Elm Court Inc spend its money?
Elm Court Inc directs 80% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Elm Court Inc tax-deductible?
Elm Court Inc is registered as a tax-exempt nonprofit (EIN: 208984541). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Elm Court Inc CEO make?
Elm Court Inc's highest-compensated officer earns $2 annually. The organization reported $1.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Elm Court Inc's spending goes to programs?
Elm Court Inc directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Elm Court Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Elm Court Inc is above average for NTEE category E91 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Elm Court Inc located?
Elm Court Inc is headquartered in Princeton, New Jersey and files with the IRS under EIN 208984541. It is classified under NTEE code E91.
How many years of IRS 990 filings does Elm Court Inc have?
Elm Court 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 $1.9M in total revenue.
What is the nature of Elm Court Inc.'s significant and persistent liabilities?
The provided data shows liabilities consistently exceeding assets, for example, $7,493,080 in liabilities versus $3,935,846 in assets in 2023. Understanding the composition of these liabilities (e.g., mortgages, program-related debt, bonds) is crucial for assessing long-term financial risk.
How does Elm Court Inc. manage its long-term asset decline?
Assets have decreased from $4,486,204 in 2014 to $3,935,846 in 2023. The organization should clarify its strategy for asset management and whether this decline impacts its operational capacity or future sustainability.
Are executive leaders compensated, and if so, how is it reported?
All filings indicate 0% officer compensation. It's important to clarify if this means executive roles are entirely volunteer or if compensation is reported under other expense categories, which would affect the transparency of administrative costs.
What is the specific breakdown of program, administrative, and fundraising expenses?
While the organization shows consistent operations, a detailed functional expense breakdown is needed to fully assess spending efficiency and ensure a high percentage of funds directly support program services.
Filing History
IRS 990 filing history for Elm Court Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Elm Court Inc's revenue has grown by 34.8%, moving from $1.4M to $1.9M. Total assets decreased by 14% over the same period, from $4.6M to $3.9M. Total functional expenses rose by 39.5%, from $1.3M to $1.8M. In its most recent filing year (2023), Elm Court Inc reported a surplus of $45K, with revenue exceeding expenses. The organization holds $7.5M in liabilities against $3.9M in assets (debt-to-asset ratio: 190.4%), resulting in net assets of $-3,557,234.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.9M | $1.8M | $3.9M | $7.5M | — | — |
| 2022 | $1.8M | $1.7M | $4.0M | $7.6M | — | View 990 |
| 2021 | $1.8M | $1.7M | $4.1M | $7.7M | — | View 990 |
| 2020 | $1.6M | $1.8M | $4.1M | $7.9M | — | View 990 |
| 2019 | $1.7M | $1.6M | $4.4M | $8.0M | — | View 990 |
| 2018 | $1.7M | $1.6M | $4.6M | $8.3M | — | View 990 |
| 2017 | $1.7M | $1.4M | $4.6M | $8.3M | — | View 990 |
| 2016 | $1.6M | $1.8M | $5.9M | $9.8M | — | View 990 |
| 2015 | $1.4M | $1.4M | $4.4M | $4.6M | — | View 990 |
| 2014 | $1.4M | $1.4M | $4.5M | $4.7M | — | View 990 |
| 2013 | $1.4M | $1.3M | $4.5M | $4.7M | — | View 990 |
| 2012 | $1.3M | $1.4M | $4.5M | $4.8M | — | View 990 |
| 2011 | $1.4M | $1.3M | $4.6M | $4.9M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.9M, expenses of $1.8M, and assets of $3.9M (revenue +3.9% year-over-year).
- 2022: Revenue of $1.8M, expenses of $1.7M, and assets of $4.0M (revenue +3.2% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.7M, and assets of $4.1M (revenue +6.7% year-over-year).
- 2020: Revenue of $1.6M, expenses of $1.8M, and assets of $4.1M (revenue -0.9% year-over-year).
- 2019: Revenue of $1.7M, expenses of $1.6M, and assets of $4.4M (revenue -0.4% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.6M, and assets of $4.6M (revenue +0.8% year-over-year).
- 2017: Revenue of $1.7M, expenses of $1.4M, and assets of $4.6M (revenue +3.5% year-over-year).
- 2016: Revenue of $1.6M, expenses of $1.8M, and assets of $5.9M (revenue +13.4% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $4.4M (revenue -0.9% year-over-year).
- 2014: Revenue of $1.4M, expenses of $1.4M, and assets of $4.5M (revenue +3.7% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $4.5M (revenue +2.2% year-over-year).
- 2012: Revenue of $1.3M, expenses of $1.4M, and assets of $4.5M (revenue -3.8% year-over-year).
- 2011: Revenue of $1.4M, expenses of $1.3M, and assets of $4.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Elm Court Inc:
Data Sources and Methodology
This transparency report for Elm Court 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.