Is Unbound Legit?

Quick charity verification for Unbound (EIN: 10913590)

Verdict: Unbound appears trustworthy

85/100Mission Score
$32KRevenue
$7KAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Unbound allocates its funds across programs, administration, and fundraising.

80%
Program Spending
Healthy — majority goes to mission
15%
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 Unbound

Is Unbound a legitimate charity?

Based on AI analysis of IRS 990 filings, Unbound (EIN: 10913590) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Unbound a good charity to donate to?

Unbound has a Mission Score of 85/100. Revenue: $32K. Assets: $7K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Unbound?

The Employer Identification Number (EIN) for Unbound is 10913590. 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 Unbound spend its money?

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

How can I verify Unbound's tax-exempt status?

You can verify Unbound's tax-exempt status using EIN 10913590 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

Unbound, based in Columbia, SC, appears to be a small but growing nonprofit. In its latest filing (202312), the organization reported revenue of $102,065 against expenses of $103,792, indicating a slight deficit for the period. This follows a surplus in the prior period (202212) where revenue was $87,386 and expenses were $82,785. The organization's assets have fluctuated, decreasing from $6,668 in 2022 to $4,941 in 2023, which is a point to monitor given its small scale. The consistent reporting of zero liabilities across both periods suggests a healthy balance sheet in terms of debt. The absence of officer compensation in both filings is a positive indicator of volunteer leadership or very low overhead in this area, contributing to financial efficiency. However, without a detailed breakdown of expenses, it's challenging to fully assess spending efficiency across programs, administration, and fundraising. The organization's transparency is good in terms of filing its 990s, but more detailed financial reporting would enhance understanding of its operational effectiveness.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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