Osmundsen Court
Osmundsen Court consistently operates at a significant deficit with liabilities exceeding assets.
EIN: 20723291 · Little Rock, AR · NTEE: L21 · Updated: 2026-03-28
Is Osmundsen Court Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Osmundsen Court directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Osmundsen Court
Osmundsen Court (EIN: 20723291) is a nonprofit organization based in Little Rock, AR, classified under NTEE code L21. The organization reported total revenue of $34K and total assets of $760K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Osmundsen Court's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Osmundsen Court is a micro 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 -5.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $23K |
| Total Expenses | $82K |
| Surplus / Deficit | $-58,335 |
| Total Assets | $823K |
| Total Liabilities | $1.3M |
| Net Assets | $-496,413 |
| Operating Margin | -251.4% |
| Debt-to-Asset Ratio | 160.3% |
| Months of Reserves | 121.1 months |
Financial Health Grade: C
In 2023, Osmundsen Court reported a deficit of $58K with expenses exceeding revenue, holds 121.1 months of operating reserves (strong position), has a debt-to-asset ratio of 160.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Osmundsen Court's revenue has declined at a compound annual growth rate (CAGR) of -5.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -28.0% | -31.2% | +17.7% |
| 2022 | +7.5% | +12.7% | -7.5% |
| 2021 | -28.0% | +59.4% | -9.6% |
| 2020 | -24.9% | -14.6% | +1.5% |
| 2019 | +2.8% | -14.0% | +1.0% |
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 Osmundsen Court with a Mission Score of 45 out of 100 (Fair). 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, Osmundsen Court 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 $58K, with expenses exceeding revenue.
- Debt-to-asset ratio: 160.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees are receiving salaries, which is highly unusual for an organization with significant assets and expenses.
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 Osmundsen Court's IRS 990 filings:
- Consistent and significant operational deficits (e.g., $23,200 revenue vs. $81,535 expenses in 202309).
- Liabilities consistently and substantially exceed assets (e.g., $1,319,196 liabilities vs. $822,783 assets in 202309), indicating insolvency.
- Declining revenue trend over recent years (e.g., $55,381 in 201909 to $23,200 in 202309).
- Unusually high liabilities relative to the organization's revenue and asset base.
Strengths
The following positive indicators were identified for Osmundsen Court:
- Consistent reporting of 0% officer compensation, indicating transparency regarding executive pay.
- Long filing history (13 filings) suggests consistent compliance with IRS reporting requirements.
Frequently Asked Questions about Osmundsen Court
Is Osmundsen Court a legitimate charity?
Based on AI analysis of IRS 990 filings, Osmundsen Court (EIN: 20723291) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Osmundsen Court spend its money?
Osmundsen Court directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Osmundsen Court tax-deductible?
Osmundsen Court is registered as a tax-exempt nonprofit (EIN: 20723291). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Osmundsen Court financially sustainable?
Based on the consistent and significant deficits (e.g., $23,200 revenue vs. $81,535 expenses in 202309) and liabilities far exceeding assets, the organization's financial sustainability is highly questionable without a significant change in its financial model.
What is the primary source of Osmundsen Court's funding?
The provided data only shows total revenue, not its breakdown. Given the consistent deficits, it's unclear if the current revenue sources are sufficient or if there are other forms of support not reflected in the revenue figures that cover the operational gaps.
Why are liabilities consistently higher than assets?
The consistent and growing gap between liabilities and assets (e.g., $1,319,196 liabilities vs. $822,783 assets in 202309) suggests significant debt or other financial obligations that the organization's assets cannot cover, indicating a state of insolvency.
How does Osmundsen Court cover its operational deficits?
The filings consistently show expenses exceeding revenue. Without further information on grants, loans, or other non-revenue income, it's unclear how these deficits are being covered, especially given the increasing liabilities.
Filing History
IRS 990 filing history for Osmundsen Court showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Osmundsen Court's revenue has declined by 45.8%, moving from $43K to $23K. Total assets decreased by 12.4% over the same period, from $939K to $823K. Total functional expenses rose by 15.5%, from $71K to $82K. In its most recent filing year (2023), Osmundsen Court reported a deficit of $58K, with expenses exceeding revenue. The organization holds $1.3M in liabilities against $823K in assets (debt-to-asset ratio: 160.3%), resulting in net assets of $-496,413.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $23K | $82K | $823K | $1.3M | — | — |
| 2022 | $32K | $118K | $699K | $1.1M | — | — |
| 2021 | $30K | $105K | $756K | $1.1M | — | View 990 |
| 2020 | $42K | $66K | $836K | $1.1M | — | View 990 |
| 2019 | $55K | $77K | $824K | $1.1M | — | View 990 |
| 2018 | $54K | $90K | $816K | $1.0M | — | View 990 |
| 2017 | $61K | $64K | $839K | $1.0M | — | View 990 |
| 2016 | $51K | $74K | $829K | $1.0M | — | View 990 |
| 2015 | $54K | $87K | $864K | $1.0M | — | View 990 |
| 2014 | $53K | $79K | $879K | $1.0M | — | View 990 |
| 2013 | $48K | $70K | $900K | $1.0M | — | View 990 |
| 2012 | $74K | $92K | $921K | $1.0M | — | View 990 |
| 2011 | $43K | $71K | $939K | $1.0M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $23K, expenses of $82K, and assets of $823K (revenue -28.0% year-over-year).
- 2022: Revenue of $32K, expenses of $118K, and assets of $699K (revenue +7.5% year-over-year).
- 2021: Revenue of $30K, expenses of $105K, and assets of $756K (revenue -28.0% year-over-year).
- 2020: Revenue of $42K, expenses of $66K, and assets of $836K (revenue -24.9% year-over-year).
- 2019: Revenue of $55K, expenses of $77K, and assets of $824K (revenue +2.8% year-over-year).
- 2018: Revenue of $54K, expenses of $90K, and assets of $816K (revenue -11.9% year-over-year).
- 2017: Revenue of $61K, expenses of $64K, and assets of $839K (revenue +20.8% year-over-year).
- 2016: Revenue of $51K, expenses of $74K, and assets of $829K (revenue -6.8% year-over-year).
- 2015: Revenue of $54K, expenses of $87K, and assets of $864K (revenue +2.4% year-over-year).
- 2014: Revenue of $53K, expenses of $79K, and assets of $879K (revenue +9.5% year-over-year).
- 2013: Revenue of $48K, expenses of $70K, and assets of $900K (revenue -34.4% year-over-year).
- 2012: Revenue of $74K, expenses of $92K, and assets of $921K (revenue +72.5% year-over-year).
- 2011: Revenue of $43K, expenses of $71K, and assets of $939K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Osmundsen Court:
Data Sources and Methodology
This transparency report for Osmundsen Court 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.