Urban League Of Essex County Opportunity Corporation
EIN: 475608316 · Newark, NJ · NTEE: L20
| Metric | Value |
|---|---|
| Total Revenue | $211K |
| Total Expenses | $217K |
| Net Assets | $263K |
Is Urban League Of Essex County Opportunity Corporation Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Urban League Of Essex County Opportunity Corporation
Urban League Of Essex County Opportunity Corporation (EIN: 475608316) is a nonprofit organization based in Newark, NJ, classified under NTEE code L20. The organization reported total revenue of $211K and total assets of $7.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Urban League Of Essex County Opportunity Corporation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Urban League Of Essex County Opportunity Corporation is a small nonprofit that has been operating for 10 years, with 2 years of IRS 990 filings on record (2022–2023). Revenue has grown at a compound annual rate of 103.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $158K |
| Total Expenses | $217K |
| Surplus / Deficit | $-59,155 |
| Total Assets | $6.7M |
| Total Liabilities | $6.4M |
| Net Assets | $263K |
| Operating Margin | -37.4% |
| Debt-to-Asset Ratio | 96.1% |
| Months of Reserves | 370.8 months |
Financial Health Grade: C
In 2023, Urban League Of Essex County Opportunity Corporation reported a deficit of $59K with expenses exceeding revenue, holds 370.8 months of operating reserves (strong position), has a debt-to-asset ratio of 96.1% (high leverage).
Financial Trends
Over 2 years of filings (2022–2023), Urban League Of Essex County Opportunity Corporation's revenue has grown at a compound annual growth rate (CAGR) of 103.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +103.6% | +64.1% | +609.6% |
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 Urban League Of Essex County Opportunity 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 Urban League Of Essex County Opportunity 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 $59K, with expenses exceeding revenue.
- Debt-to-asset ratio: 96.1%.
Frequently Asked Questions about Urban League Of Essex County Opportunity Corporation
Is Urban League Of Essex County Opportunity Corporation a legitimate charity?
Urban League Of Essex County Opportunity Corporation (EIN: 475608316) is a registered tax-exempt nonprofit based in New Jersey. It has 2 years of IRS 990 filings on record. Total revenue: $211K. No red flags identified. Financial health grade: C.
How does Urban League Of Essex County Opportunity Corporation spend its money?
Urban League Of Essex County Opportunity Corporation reported $211K in total revenue in IRS 990 filings. 2 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Urban League Of Essex County Opportunity Corporation tax-deductible?
Urban League Of Essex County Opportunity Corporation is registered as a tax-exempt nonprofit (EIN: 475608316). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Urban League Of Essex County Opportunity Corporation located?
Urban League Of Essex County Opportunity Corporation is headquartered in Newark, New Jersey and files with the IRS under EIN 475608316. It is classified under NTEE code L20.
How many years of IRS 990 filings does Urban League Of Essex County Opportunity Corporation have?
Urban League Of Essex County Opportunity Corporation has 2 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 $211K in total revenue.
Filing History
IRS 990 filing history for Urban League Of Essex County Opportunity Corporation showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Urban League Of Essex County Opportunity Corporation's revenue has grown by 103.6%, moving from $78K to $158K. Total assets increased by 609.6% over the same period, from $946K to $6.7M. Total functional expenses rose by 64.1%, from $132K to $217K. In its most recent filing year (2023), Urban League Of Essex County Opportunity Corporation reported a deficit of $59K, with expenses exceeding revenue. The organization holds $6.4M in liabilities against $6.7M in assets (debt-to-asset ratio: 96.1%), resulting in net assets of $263K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $158K | $217K | $6.7M | $6.4M | — | — |
| 2022 | $78K | $132K | $946K | $924K | — | View 990 |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Urban League Of Essex County Opportunity Corporation:
Data Sources and Methodology
This transparency report for Urban League Of Essex County Opportunity 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.