University Court Inc

Analysis

University Court Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in June 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, University Court Inc reported income of $69k and spending of $0, leaving 100% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $331k to $69k (-79%), an average of -32% a year. The sharpest change came in the year to December 2020, when income dropped by 165%. Over the whole period it spent 0.0% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, University Court Inc sits at the 15th percentile: it is larger than about 15% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 34th percentile within NJ. Charities of a similar size with the same main cause include Oakland Estates Apartments Inc ($69k), Davy Crockett Housing Development Corporation ($69k) and Housing Preservation Corporation ($69k).

At year end it held assets of $3.1m against liabilities of $2.8m, net assets of $371k. It reported 10 employees.