Is Foundation For The Uptown Reinvestment Corporation Legit?
Quick charity verification for Foundation For The Uptown Reinvestment Corporation (EIN: 202159723)
Verdict: Foundation For The Uptown Reinvestment Corporation appears trustworthy
85/100Mission Score
$8.2MRevenue
$7.0MAssets
2Red Flags
3Strengths
Red Flags
Highly volatile revenue and expense figures year-over-year, making consistent financial planning and assessment challenging.
Unusually consistent 0% officer compensation, which may obscure how executive leadership is compensated or sustained.
Strengths
Significant asset growth and zero liabilities in the most recent filing (2023), indicating strong financial health.
Consistent reporting of 0% officer compensation, suggesting a commitment to directing funds away from executive salaries.
Demonstrated ability to attract substantial funding, as evidenced by the $19.8M revenue in 2023.
Spending Breakdown
How Foundation For The Uptown Reinvestment Corporation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Foundation For The Uptown Reinvestment Corporation
Is Foundation For The Uptown Reinvestment Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Foundation For The Uptown Reinvestment Corporation (EIN: 202159723) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 3 strengths noted.
Is Foundation For The Uptown Reinvestment Corporation a good charity to donate to?
Foundation For The Uptown Reinvestment Corporation has a Mission Score of 85/100. Revenue: $8.2M. Assets: $7.0M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Foundation For The Uptown Reinvestment Corporation?
The Employer Identification Number (EIN) for Foundation For The Uptown Reinvestment Corporation is 202159723. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Foundation For The Uptown Reinvestment Corporation spend its money?
Foundation For The Uptown Reinvestment Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Foundation For The Uptown Reinvestment Corporation's tax-exempt status?
You can verify Foundation For The Uptown Reinvestment Corporation's tax-exempt status using EIN 202159723 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Foundation For The Uptown Reinvestment Corporation demonstrates highly variable financial activity over the past several years. The organization experienced a significant surge in revenue in 2023, reaching $19,872,720, a substantial increase from $2,460,626 in 2022. This volatility makes consistent financial health assessment challenging. Despite the fluctuations, the organization has consistently reported 0% officer compensation, which is a positive indicator of resource allocation directly to its mission rather than executive salaries. The most recent filing shows a very strong asset position of $14,289,440 with zero liabilities, suggesting robust financial stability at that point.
Spending efficiency is difficult to precisely determine without a detailed breakdown of program, administrative, and fundraising expenses from the provided data. However, the large swings in revenue and expenses year-over-year (e.g., 2023 revenue of $19.8M against expenses of $6.5M, compared to 2022 revenue of $2.4M against expenses of $3.3M) suggest either project-based funding with varying scales or significant operational changes. The consistent reporting of zero officer compensation points to a commitment to minimizing overhead in that specific area. The organization's transparency is good in terms of making its 990 filings available, and the consistent zero officer compensation is a transparent indicator of executive cost control.