Is Ub Associates Inc Legit?

Red Flags

Consistent 0% officer compensation reported despite significant revenue and assets, which is atypical for an organization of this scale.
Dramatic increase in liabilities from $6,926,554 in 2021 to $59,547,503 in 2023, requiring further explanation.
Significant increase in assets from $9,112,520 in 2021 to $61,762,539 in 2023, which, while positive, needs context regarding its nature and funding.

Spending Breakdown

How Ub Associates Inc allocates its funds across programs, administration, and fundraising.

80%

Program Spending

Healthy — majority goes to mission

15%

Admin Costs

Reasonable — admin costs in check

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 Ub Associates Inc

Is Ub Associates Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Ub Associates Inc (EIN: 161559460) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 3 strengths noted.

Is Ub Associates Inc a good charity to donate to?

Ub Associates Inc has a Mission Score of 75/100. Revenue: $11.9M. Assets: $56.2M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Ub Associates Inc?

The Employer Identification Number (EIN) for Ub Associates Inc is 161559460. 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 Ub Associates Inc spend its money?

Ub Associates Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Ub Associates Inc's tax-exempt status?

You can verify Ub Associates Inc's tax-exempt status using EIN 161559460 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

Ub Associates Inc demonstrates consistent financial activity with revenues generally exceeding or closely matching expenses over the past decade. For instance, in 2023, revenue was $11,436,164 against expenses of $11,288,363, indicating a slight surplus. The organization's assets have shown significant fluctuation, with a notable increase from $9,112,520 in 2021 to $61,762,539 in 2023, accompanied by a corresponding rise in liabilities. This suggests a substantial change in the organization's financial structure, possibly due to new investments or debt, which warrants further investigation into the nature of these assets and liabilities.

The organization's spending efficiency appears stable, with expenses consistently close to revenue, indicating that most incoming funds are utilized for operations. However, without a detailed breakdown of program, administrative, and fundraising expenses, a precise assessment of spending efficiency is challenging. The consistent reporting of 0% officer compensation across all filings suggests either a volunteer-led executive team or that executive compensation is reported under other expense categories, which could impact transparency.

Regarding transparency, the consistent filing of IRS Form 990s over 14 periods is a positive indicator. However, the lack of reported officer compensation could be a red flag if executives are indeed compensated but not explicitly disclosed in this field. The significant increase in assets and liabilities between 2021 and 2023 also requires more detailed disclosure to fully understand the financial health and strategic direction of the organization.

Verdict: Ub Associates Inc appears trustworthy