Elm Court II Inc

Analysis

Elm Court II Inc is a registered charity in United States, based in Princeton, NJ. It received its IRS tax-exemption ruling in February 2005, 21 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, Elm Court II Inc reported income of $771k and spending of $1.2m, spending 155% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $685k to $771k (+13%), an average of +3.0% a year. Over the whole period it spent 157% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Elm Court II Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within NJ. Charities of a similar size with the same main cause include Community Missions Corporation ($770k), Venice Senior Housing Corporation ($771k) and Country Manor Inc of Duncansville ($770k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $5.2m against liabilities of $1.2m, net assets of $3.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.