Is United Bank Foundation Massachusettes…

Quick charity verification for United Bank Foundation Massachusettes Inc (EIN: 203128745)

Spending Breakdown

How United Bank Foundation Massachusettes Inc allocates its funds across programs, administration, and fundraising.

90%

Program Spending

Healthy — majority goes to mission

10%

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 United Bank Foundation Massachusettes Inc

Is United Bank Foundation Massachusettes Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, United Bank Foundation Massachusettes Inc (EIN: 203128745) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.

Is United Bank Foundation Massachusettes Inc a good charity to donate to?

United Bank Foundation Massachusettes Inc has a Mission Score of 70/100. Revenue: $697K. Assets: $4.8M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for United Bank Foundation Massachusettes Inc?

The Employer Identification Number (EIN) for United Bank Foundation Massachusettes Inc is 203128745. 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 United Bank Foundation Massachusettes Inc spend its money?

United Bank Foundation Massachusettes Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify United Bank Foundation Massachusettes Inc's tax-exempt status?

You can verify United Bank Foundation Massachusettes Inc's tax-exempt status using EIN 203128745 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

The United Bank Foundation Massachusetts Inc. demonstrates a consistent operational model with no reported officer compensation across its five latest filings, indicating a commitment to minimizing administrative overhead at the executive level. However, the organization has consistently spent more than it has brought in through revenue over the past five years. For example, in 2015, revenue was $222,453 while expenses were $395,552, and in 2014, revenue was $184,160 against expenses of $417,427. This trend of deficit spending suggests that the foundation is likely drawing down its assets to cover operational costs and grants, which is reflected in the decline of its assets from $6,977,231 in 2014 to $4,800,256 currently. While this might be part of a planned spend-down strategy for a foundation, it warrants closer examination to ensure long-term sustainability if the intent is perpetual operation.

The foundation's financial health, while supported by substantial assets, shows a pattern of declining asset base due to expenses consistently exceeding revenue. The latest revenue of $697,372 is significantly higher than previous years, which could indicate a recent large contribution or a change in funding strategy. However, without corresponding expense data for the latest period, it's difficult to assess if this new revenue stream has reversed the deficit spending trend. The absence of officer compensation is a positive indicator of spending efficiency in that specific area, but the overall financial strategy of spending down assets needs to be understood in the context of the foundation's mission and long-term goals. The NTEE code T310 (Grantmaking Foundations) suggests its primary activity is distributing funds, which often involves asset utilization.

Transparency appears to be adequate given the public availability of 990 filings. The consistent reporting of zero officer compensation is a clear and positive transparency point. However, a more detailed breakdown of program versus administrative and fundraising expenses from the latest filing would provide a clearer picture of spending efficiency beyond just executive compensation. The significant increase in the latest reported revenue compared to previous years is a notable change that would benefit from further context to fully understand its impact on the foundation's financial trajectory and sustainability.

Is United Bank Foundation Massachusettes Inc Legit?

Verdict: United Bank Foundation Massachusettes Inc appears trustworthy

Red Flags

Strengths