University Court Inc
University Court Inc: Stable Assets, Inconsistent Revenue, and Transparency Gaps
EIN: 221919986 · Newark, NJ · NTEE: L21 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Program Spending | 70% |
| Net Assets | $371K |
| Transparency Score | 65/100 |
Is University Court Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
University Court Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About University Court Inc
University Court Inc (EIN: 221919986) is a nonprofit organization based in Newark, NJ, classified under NTEE code L21. The organization reported total revenue of $3.0M and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of University Court Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
University Court Inc is a mid-size nonprofit that has been operating for 5 years, with 5 years of IRS 990 filings on record (2019–2023). Revenue has grown at a compound annual rate of -32.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $69K |
| Total Expenses | $0 |
| Surplus / Deficit | +$69K |
| Total Assets | $3.1M |
| Total Liabilities | $2.8M |
| Net Assets | $371K |
| Operating Margin | 100.0% |
| Debt-to-Asset Ratio | 88.1% |
Financial Health Grade: B
In 2023, University Court Inc reported a surplus of $69K with revenue exceeding expenses, has a debt-to-asset ratio of 88.1% (high leverage).
Financial Trends
Over 5 years of filings (2019–2023), University Court Inc's revenue has declined at a compound annual growth rate (CAGR) of -32.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -73.9% | — | -6.1% |
| 2022 | +6.8% | — | +1.6% |
| 2020 | -165.4% | — | +2.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2021 |
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 University Court Inc with a Mission Score of 65 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, University Court 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:
- Debt-to-asset ratio: 88.1%.
Executive Compensation Analysis
Without specific compensation data, a detailed assessment of executive compensation is not possible; however, the provided data does not indicate any excessive compensation figures.
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 University Court Inc's IRS 990 filings:
- Revenue has been highly volatile, including a negative revenue year in 2020.
- Lack of detailed spending breakdown beyond general categories in provided data.
- No clear indication of program impact or outcomes.
Strengths
The following positive indicators were identified for University Court Inc:
- Assets have remained relatively stable over the past five years, indicating financial resilience.
- Consistent positive net assets, suggesting financial solvency.
- Long-standing presence in Newark, NJ.
Frequently Asked Questions about University Court Inc
Is University Court Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, University Court Inc (EIN: 221919986) some concerns. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
How does University Court Inc spend its money?
University Court Inc directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to University Court Inc tax-deductible?
University Court Inc is registered as a tax-exempt nonprofit (EIN: 221919986). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of University Court Inc's spending goes to programs?
University Court Inc directs 70% to programs, 10% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does University Court Inc compare to similar nonprofits?
With a transparency score of 65/100 (Good), University Court Inc is above average for NTEE category L21 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is University Court Inc located?
University Court Inc is headquartered in Newark, New Jersey and files with the IRS under EIN 221919986. It is classified under NTEE code L21.
How many years of IRS 990 filings does University Court Inc have?
University Court Inc 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 $3.0M in total revenue.
What does University Court Inc do?
University Court Inc is a nonprofit organization in the Housing & Shelter sector, located in Newark, New Jersey. It is classified under NTEE code L21.
How much revenue does University Court Inc have?
University Court Inc reported total revenue of $2,959,662. Based on 5 IRS 990 filings on record.
What are University Court Inc's total assets?
University Court Inc holds total assets of $3,082,399 as reported in IRS 990 filings.
Where is University Court Inc located?
University Court Inc is based in Newark, New Jersey.
What is University Court Inc's EIN?
University Court Inc's Employer Identification Number (EIN) is 221919986. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is University Court Inc?
University Court Inc is classified under NTEE code L21 (Housing & Shelter).
Is University Court Inc a registered 501(c)(3)?
Yes, University Court Inc is recognized as a tax-exempt organization by the IRS. EIN: 221919986.
Does University Court Inc file IRS Form 990?
Yes, University Court Inc has 5 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was University Court Inc's revenue in 2023?
In the 202312 filing period, University Court Inc reported total revenue of $68,816, total expenses of N/A, and net assets of $3,124,517.
Is University Court Inc's revenue growing or declining?
University Court Inc's revenue is declining. Revenue went from $263,389 (202212) to $68,816 (202312), a -73.9% change. Based on 5 filings on record.
What is University Court Inc's most recent 990 filing?
The most recent IRS Form 990 filing for University Court Inc covers tax period 202312. It shows revenue of $68,816, expenses of N/A, total assets of $3,124,517, and liabilities of $2,753,726.
How much does University Court Inc spend on programs vs administration?
Based on IRS 990 analysis, University Court 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 University Court Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, University Court Inc shows mixed signals. Mission Score: 65/100 (Good). 3 red flags identified. 3 strengths noted.
What are the red flags for University Court Inc?
The following concerns were identified: Revenue has been highly volatile, including a negative revenue year in 2020.. Lack of detailed spending breakdown beyond general categories in provided data.. No clear indication of program impact or outcomes.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are University Court Inc's strengths?
Positive indicators for University Court Inc include: Assets have remained relatively stable over the past five years, indicating financial resilience.. Consistent positive net assets, suggesting financial solvency.. Long-standing presence in Newark, NJ.. These findings are derived from AI analysis of the organization's financial filings.
How does University Court Inc compensate executives?
Without specific compensation data, a detailed assessment of executive compensation is not possible; however, the provided data does not indicate any excessive compensation figures. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
What factors contributed to the significant revenue fluctuations, particularly the negative revenue in 2020?
The provided data does not offer specific explanations for the revenue volatility, including the -$216,465 in revenue reported in 2020. Further investigation into their financial statements would be needed to understand the underlying causes.
How does University Court Inc ensure its programs are effectively meeting community needs given the lack of detailed program reporting?
The provided data lacks specific details on program activities and their impact. To assess effectiveness, one would need to review their annual reports, program evaluations, or other public disclosures that detail their initiatives and outcomes.
Filing History
IRS 990 filing history for University Court Inc showing financial trends over 5 years of public records:
Over 5 years of IRS 990 filings (2019–2023), University Court Inc's revenue has declined by 79.2%, moving from $331K to $69K. Total assets increased by 3.6% over the same period, from $3.0M to $3.1M. The organization holds $2.8M in liabilities against $3.1M in assets (debt-to-asset ratio: 88.1%), resulting in net assets of $371K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $69K | $0 | $3.1M | $2.8M | — | — |
| 2022 | $263K | $0 | $3.3M | $2.9M | — | View 990 |
| 2021 | $247K | $0 | $3.3M | $3.0M | — | View 990 |
| 2020 | $-216,465 | $0 | $3.1M | $3.1M | — | — |
| 2019 | $331K | $0 | $3.0M | $3.1M | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $69K, expenses of $0, and assets of $3.1M (revenue -73.9% year-over-year).
- 2022: Revenue of $263K, expenses of $0, and assets of $3.3M (revenue +6.8% year-over-year).
- 2021: Revenue of $247K, expenses of $0, and assets of $3.3M.
- 2020: Revenue of $-216,465, expenses of $0, and assets of $3.1M (revenue -165.4% year-over-year).
- 2019: Revenue of $331K, expenses of $0, and assets of $3.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for University Court Inc:
Data Sources and Methodology
This transparency report for University 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.