University Heights Science and Technology Park Inc

Analysis

University Heights Science and Technology Park Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 1993, 33 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, University Heights Science and Technology Park Inc reported income of $61k and spending of $28k, leaving 54% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $62k to $61k (-1.5%), an average of -0.4% a year. Over the whole period it spent 28% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, University Heights Science and Technology Park Inc sits at the 24th percentile: it is larger than about 24% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 31st percentile within NJ. Charities of a similar size with the same main cause include Pueblo Rotary Foundation Inc ($61k), Rotary Club of Fort Collins - After Work ($61k) and This Is My Quest Inc ($61k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $3.6m against liabilities of $37k, net assets of $3.6m.