Quick charity verification for United Canal Company (EIN: 204173173)
Verdict: United Canal Company appears trustworthy
95/100Mission Score
$165KRevenue
$427KAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent asset growth (from $155,838 in 2012 to $427,082 in 2023)
Zero officer compensation reported across all filings
No reported liabilities in any filing period
Revenue consistently exceeds expenses in most years, leading to surpluses
Steady revenue growth over the past decade
Spending Breakdown
How United Canal Company allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Canal Company
Is United Canal Company a legitimate charity?
Based on AI analysis of IRS 990 filings, United Canal Company (EIN: 204173173) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is United Canal Company a good charity to donate to?
United Canal Company has a Mission Score of 95/100. Revenue: $165K. Assets: $427K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for United Canal Company?
The Employer Identification Number (EIN) for United Canal Company is 204173173. 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 Canal Company spend its money?
United Canal Company allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify United Canal Company's tax-exempt status?
You can verify United Canal Company's tax-exempt status using EIN 204173173 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
United Canal Company demonstrates consistent financial stability and a strong commitment to its mission, as evidenced by its IRS 990 filings. The organization has maintained positive net assets, growing from $155,838 in 2012 to $427,082 in 2023, indicating sound financial management and accumulation of resources. Its revenue has also shown a steady upward trend over the past decade, reaching $164,569 in 2023, which supports its operational capacity.
The organization's spending efficiency appears robust, with expenses consistently lower than revenue in most years, allowing for asset growth. For instance, in 2023, expenses were $126,439 against revenues of $164,569, resulting in a surplus. A key indicator of its efficiency and program focus is the reported 0% officer compensation across all available filings, suggesting that resources are primarily directed towards its operational activities rather than executive salaries. This practice significantly enhances its financial health and public trust.
Transparency is high given the consistent filing of IRS Form 990s and the clear financial picture presented. The absence of liabilities in all reported periods further underscores a healthy balance sheet and responsible financial stewardship. While specific program spending breakdowns are not provided in the summary data, the overall financial health and lack of executive compensation suggest a strong dedication to its stated purpose.