Newark Union Corporation
EIN: 844379483 · Wilmington, DE · NTEE: A82
| Metric | Value |
|---|---|
| Total Revenue | $241K |
| Total Expenses | $299K |
| Net Assets | $725K |
Is Newark Union Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newark Union Corporation
Newark Union Corporation (EIN: 844379483) is a nonprofit organization based in Wilmington, DE, classified under NTEE code A82. The organization reported total revenue of $241K and total assets of $868K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newark Union Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newark Union Corporation is a small nonprofit that has been operating for 5 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of -46.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $49K |
| Total Expenses | $299K |
| Surplus / Deficit | $-250,145 |
| Total Assets | $725K |
| Net Assets | $725K |
| Operating Margin | -508.6% |
| Months of Reserves | 29.1 months |
Financial Health Grade: B
In 2023, Newark Union Corporation reported a deficit of $250K with expenses exceeding revenue, holds 29.1 months of operating reserves (strong position).
Financial Trends
Over 3 years of filings (2021–2023), Newark Union Corporation's revenue has declined at a compound annual growth rate (CAGR) of -46.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -85.5% | +15.7% | -13.1% |
| 2022 | +99.4% | +146.7% | +7.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2021 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Newark Union Corporation 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 Newark Union Corporation 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 $250K, with expenses exceeding revenue.
Frequently Asked Questions about Newark Union Corporation
Is Newark Union Corporation a legitimate charity?
Newark Union Corporation (EIN: 844379483) is a registered tax-exempt nonprofit based in Delaware. It has 3 years of IRS 990 filings on record. Total revenue: $241K. No red flags identified. Financial health grade: B.
How does Newark Union Corporation spend its money?
Newark Union Corporation reported $241K in total revenue in IRS 990 filings. 3 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Newark Union Corporation tax-deductible?
Newark Union Corporation is registered as a tax-exempt nonprofit (EIN: 844379483). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Newark Union Corporation located?
Newark Union Corporation is headquartered in Wilmington, Delaware and files with the IRS under EIN 844379483. It is classified under NTEE code A82.
How many years of IRS 990 filings does Newark Union Corporation have?
Newark Union Corporation has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $241K in total revenue.
Filing History
IRS 990 filing history for Newark Union Corporation showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Newark Union Corporation's revenue has declined by 71%, moving from $170K to $49K. Total assets decreased by 6.9% over the same period, from $779K to $725K. Total functional expenses rose by 185.3%, from $105K to $299K. In its most recent filing year (2023), Newark Union Corporation reported a deficit of $250K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $49K | $299K | $725K | $0 | — | View 990 |
| 2022 | $339K | $259K | $834K | $0 | — | View 990 |
| 2021 | $170K | $105K | $779K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $49K, expenses of $299K, and assets of $725K (revenue -85.5% year-over-year).
- 2022: Revenue of $339K, expenses of $259K, and assets of $834K (revenue +99.4% year-over-year).
- 2021: Revenue of $170K, expenses of $105K, and assets of $779K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newark Union Corporation:
Data Sources and Methodology
This transparency report for Newark Union Corporation 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.